Corn Trading Mixed Early on Thursday
Rains are expected to be widespread this next week from the Northern Plains to the ECB. This may limit some planting progress, but will be welcomed for crops already in the ground.
Export Sales data will be released on Thursday morning, with the trade looking for corn bookings to total 0.9 to 1.5 MMT for old crop in the week of May 8. New crop sales are pegged to total 350,000 to 600,000 MT.
CONAB data released this morning showed a 2.14 MMT increase to the corn output estimate for Brazil to 126.9 MMT. That was in large part due to a 1.9 MMT increase for the second crop.
EIA's weekly report showed a total of 993,000 barrels per day of ethanol produced in the week of May 9, a drop of 27,000 bpd from the week prior and the first time being below 1 million bpd since September. Stocks were building despite the output hike, up 254,000 barrels to 25.445 million barrels. Refiner inputs were up 43,000 barrels to 929,000 bpd.
May 25 Corn closed at $4.38 1/2, up 2 1/2 cents,
Nearby Cash was $4.17 3/4, up 3 cents,
Jul 25 Corn closed at $4.45 1/2, up 3 cents, currently up 1 1/4 cents
Dec 25 Corn closed at $4.40 1/2, down 1/2 cent, currently down 1/4 cents
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Globe and Mail
19 hours ago
- Globe and Mail
Earnings Beats for GM, DHI, KO, etc. Lead Pre-Markets Slightly Higher
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Globe and Mail
a day ago
- Globe and Mail
The Zacks Analyst Blog Highlights Alphabet, Tesla, Coca-Cola, IBM and Philip Morris
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Free: See Our Top Stock And 4 Runners Up Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CocaCola Company (The) (KO): Free Stock Analysis Report Philip Morris International Inc. (PM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report
Canada News.Net
2 days ago
- Canada News.Net
Wall Street splits, Dow dips 19 poin ts, broader markets hit records
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Nasdaq Composite (^IXIC) Surged to 20,974.17, gaining 78.52 points or 0.38 percent Trading volume: 11.124 billion shares Big Tech continued its rally ahead of this week's earnings reports. Forex Markets See Euro and Pound Rally While Yen Strengthens Against U.S. Dollar Monday's foreign exchange session saw the euro and British pound extend gains against the U.S. dollar, while the Japanese yen posted its strongest daily advance in weeks despite the outcome of Sunday's elections. Key Currency Movements EUR/USD (Euro / US dollar) Rate: 1.1694 (+0.01) Daily Change: +0.59 percent The euro continued its upward momentum as ECB officials signaled patience on rate cuts. USD/JPY (US dollar / Japanese yen) Rate: 147.30 (-1.49) Daily Change: -1.00 percent The yen advanced as Sunday's election result was built-in.. GBP/USD (British pound / US dollar) Rate: 1.3487 (+0.01) Daily Change: +0.59 percent Sterling gained as UK inflation concerns delayed Bank of England easing expectations. USD/CAD (US dollar / Canadian dollar) Rate: 1.3685 (-0.00) Daily Change: -0.24 percent The loonie held steady as oil prices offset broader USD weakness. USD/CHF (US dollar / Swiss franc) Rate: 0.7981 (-0.00) Daily Change: -0.38 percent The franc benefited from safe-haven flows amid Middle East tensions. Commodity Currencies AUD/USD: 0.6524 (+0.00, +0.32 percent) NZD/USD: 0.5971 (+0.00, +0.27 percent) Both antipodean currencies edged higher despite China growth concerns. Market Drivers Trading was dominated by: Shifting central bank expectations (BOJ, Fed, ECB) Geopolitical tensions supporting safe havens Commodity price stabilization Outlook With critical U.S. GDP and PCE data due this week, analysts warn of potential increased volatility across major currency pairs. The yen's momentum will be closely watched ahead of Friday's Tokyo CPI print. Global Stocks Markets Close Mixed on Monday; Asia and Europe Show Divergent Trends Global stock markets delivered a mixed performance on Monday, with gains in some key Asian and European indices offset by declines in others. Investors weighed economic data and corporate earnings as trading sessions wrapped up across major financial hubs. Canadian Market Update S&P/TSX Composite (^GSPTSE) Closed at 27,317.00, up 2.99 points or 0.01 percent Trading volume: 217.735 million shares The energy sector offset losses in materials as oil prices stabilized. UK and Europe: FTSE Rises, CAC 40 Slips In the United Kongdom, the FTSE 100 (^FTSE) edged higher, closing at 9,012.99, up 20.87 points or 0.23 percent, supported by gains in energy and financial stocks. In Europe, Germany's DAX (^GDAXI) also saw a modest increase, finishing at 24,307.80, a rise of 18.29 points or 0.08 percent. 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India's S&P BSE SENSEX (^BSESN) rose 442.62 points or 0.54 percent to 82,200.34, and Indonesia's IDX Composite (^JKSE) surged 86.28 points or 1.18 percent to 7,398.19. Other Key Markets South Korea's KOSPI (^KS11) advanced 22.74 points or 0.71 percent to 3,210.81. Taiwan's TWSE (^TWII) slipped 42.57 points or 0.18 percent to 23,340.56. Middle East Israel's TA-125 (^ gained 28.69 points or 0.93 percent to 3,117.36. Egypt's EGX 30 (^CASE30) rose 58.60 points or 0.17 percent to 34,129.60. Africa South Africa's Top 40 USD (^ increased 49.73 points or 0.90 percent to 5,577.38. Market Outlook Analysts noted that trading sentiment remained cautious amid geopolitical tensions and anticipation of central bank policy decisions. With earnings season in full swing, corporate results are expected to drive further volatility in the coming sessions.
