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Cotton Facing Friday Weakness

2 days 4 hours ago
Cotton futures are showing 48 to 52 point gains at midday. Crude oil is up $3.42 per barrel on the session, with the US dollar index $0.238 higher. USDA’s Export Sales data has cotton export commitments at 5.449 million RB, which was 15% above last year. That is 47% of...

Stocks Undercut by Oil Prices and Continued AI Anxiety

2 days 4 hours ago
The S&P 500 Index ($SPX ) (SPY ) is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. December E-mini S&P futures (ESZ26 ) are down -0.29%, and December E-mini Nasdaq futures (NQZ26...

Stocks Undercut by Oil Prices and Continued AI Anxiety

2 days 4 hours ago
The S&P 500 Index ($SPX ) (SPY ) is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. December E-mini S&P futures (ESZ26 ) are down -0.29%, and December E-mini Nasdaq futures (NQZ26...

Stocks Undercut by Oil Prices and Continued AI Anxiety

2 days 4 hours ago
The S&P 500 Index ($SPX ) (SPY ) is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. December E-mini S&P futures (ESZ26 ) are down -0.29%, and December E-mini Nasdaq futures (NQZ26...

Cotton Starting Friday with Weaker Trade

2 days 4 hours ago
Cotton prices are down 27 to 34 points early on Friday. Futures posted losses of 12 to 104 points across most contracts on Thursday. Crude oil was up $1.95 per barrel on the session, with the US dollar index $0.133 lower. Cotton Ginnings data from NASS showed 735,950 RB of...

Hogs Looks to Round Out the Week

2 days 4 hours ago
Lean hog futures posted Thursday losses of 7 to 50 cents across the board on Thursday. Open interest was up 3,505 contracts. USDA’s national base hog price was down $1.22 from the day prior in the Thursday PM report at $66.48. The CME Lean Hog Index was down another 20...

Stocks Undercut by Oil Prices and Continued AI Anxiety

2 days 4 hours ago
The S&P 500 Index ($SPX ) (SPY ) is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. December E-mini S&P futures (ESZ26 ) are down -0.29%, and December E-mini Nasdaq futures (NQZ26...

Sugar Prices See Support on Lower Brazil Sugar Production

2 days 4 hours ago
March NY world sugar #11 (SBH27 ) is up +0.04 (+0.20%), and December London ICE white sugar #5 (SWZ26 ) is up +0.20 (+0.04%). Sugar prices are seeing some support today after Unica reported that Brazil Center-South sugar output in August fell -5.6% y/y to 7.089 MT. Recent heavy rains...

Hogs Posting Mixed Friday Trade

2 days 4 hours ago
Lean hog futures are showing mixed trade at midday, with nearby December down 7 cents and other contracts up 15 to 20 cents. USDA’s national base hog price was not reported on Friday morning due to thin trade. The CME Lean Hog Index was down another 67 cents on October...

MicroSectors Gold Miners 3X Leveraged ETN Getting Very Oversold

2 days 4 hours ago
In trading on Friday, shares of the MicroSectors Gold Miners 3X Leveraged ETN ETF (Symbol: GDXU) entered into oversold territory, changing hands as low as $70.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis ind