Market Commentary
Morning Highlights- Morning Highlights 6.6.2023 June 6, 2023HighlightsLate last week, House members wrote to U.S. Trade Representative Katherine Tai, urging her office and the Biden administration to move ahead with a formal USMCA dispute panel against Mexico over its biotech corn policies. Reuters reported that Australia has cut is overall winter crop production by 34% to 44.9 MMT, with winter wheat production […]
- Morning Highlights 6.5.2023 June 5, 2023HighlightsReuters reports that Russia’s foreign ministry said that is sees no prospects for extending the Black Sea grain export deal with is set to expire mid-July.Rain coverage from NOAA’s 5 and 7 day maps calls for light coverage across the corn belt. The 6-10 and 8-14 day forecasts call for better chances of cooler than […]
- Morning Highlights 06.02.23 June 2, 2023HighlightsThe debt ceiling bill was passed by the Senate last night and President Biden is expected to sign it into law as soon as possible.USDA’s June Crop Production report will be released next Friday, June 9th.Outside markets as of 7:00 am CT: Dollar down .039 at 103.521, Crude Oil up $1.21 at $71.31, Dow futures […]
Afternoon Market Highlights- Afternoon Highlights June 6, 2023HighlightsEquities are mixed with the Dow lower and S&P trading around unchanged. The grain markets were mixed with the soybeans and corn higher while the KC and Minneapolis wheat lower. The World Bank says they expect the world economy to grow 2.1% for 2023 vs. 3.1% growth last year as higher interest rates and […]
- Afternoon Highlights 6.5.2023 June 5, 2023HighlightsEquities were higher to start the day but turned lower in the afternoon. The grain markets were lower in the soybeans and corn, but wheat was higher. Cattle markets were higher while the hogs were mixed with the nearby contracts lower and the deferred contracts higher. Bitcoin is below 26,000 today after the SEC sued crypto […]
- Afternoon Highlights 6.2.23 June 2, 2023Jessica Friel Highlights Financial markets saw strength today when the non-farm jobs report blew the trade estimate out of the water. Energy markets were stronger today with crude up 1.57 at $71.67. The livestock markets also continue to push higher.In passing the bipartisan Fiscal Responsibility Act the debt limit debate has been settled until early 2025. […]
Twitter- [Action required] Your RSS.app Trial has Expired. June 7, 2023Your trial has expired. Please update your subscription plan at rss.app. - (VZoUQELe5oMoPU1S)
