Latest news with #Traders
Yahoo
a day ago
- Business
- Yahoo
Corn Easing Ahead of USDA Report
Corn price action is down 1 to 2 cents across most contracts on Friday morning. Futures were mixed on Thursday with most contracts steady to a couple cents higher and nearby, thin July down 5 ¼ cents. Traders were squaring up ahead of USDA's report on Friday. Preliminary open interest was down 4,834 on Thursday. There were 33 deliveries issued against July futures overnight. The front month CmdtyView national average Cash Corn price was unchanged at $3.85 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations on Thursday morning, all for new crop. US Tariffs on Brazil Boost Arabica Coffee Prices Cocoa Demand Concerns Hammer Prices Arabica Coffee Prices Jump as Tariffs on Brazil May Disrupt Coffee Supplies Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Export Sales data showed old crop corn bookings at 1.262 MMT for the week ending on July 7/3. That was an 8-week high for sales and more than double the same week last year and the week prior. Mexico was the largest buyer at 469,900 MT, with 436,200 MT sold to Japan. New crop sales for that week at 888,562 MT. That was down from the week prior but still the second largest so far this year. The top buyer was Mexico at 423,900 MT, with Japan in for 304,800 MT. A survey of traders by Bloomberg shows estimated corn stocks for old crop at 1.351 billion bushels ahead of this morning's USDA report, a 14 mbu reduction from June if realized. New crop production is expected to be trimmed by 75 mbu via fewer acres to 15.746 bbu. That would help to tighten the new crop stock estimate to an average of 1.721 bbu (vs. 1.75 bbu in June). That survey shows estimated production out of Brazil at 132.3 MMT. Jul 25 Corn closed at $4.07 1/4, down 5 1/4 cents, currently down ¾ cent Nearby Cash was $3.85 1/4, down 0 cent, Sep 25 Corn closed at $3.99 1/4, unch, currently down 1 1/2 cents Dec 25 Corn closed at $4.16 1/2, up 1 cent, currently down 2 cents New Crop Cash was $3.75 1/8, up 1/2 cent, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 登入存取你的投資組合
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Why Wall Street Isn't Too Concerned About Tariffs
Major indexes edged lower in trading Friday, but the losses were small. The S&P 500 is just a hair away from the record hit this month.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Oil Gains Amid Rising Geopolitical Tensions in Middle East
0005 GMT — Oil is higher in the early Asian session. 'Traders are mindful of rising geopolitical tensions in the Middle East,' ANZ Research analysts say in a research report. 'Houthi attacks in the Red Sea have sunk two cargo vessels and left multiple crew members dead,' the analysts say. 'This escalation could raise the risk of supply disruptions, that has evaporated since the ceasefire between Israel and Iran,' the analysts add. Front-month WTI crude oil futures are up 0.4% at $66.85/bbl; front-month Brent crude oil futures are 0.3% higher at $68.86/bbl. (
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
Seven reasons why Trump's tariffs will fail
A port in Bangkok is seen on July 8, following the announcement that U.S. President Donald Trump would impose tariffs of 36% on goods from Thailand starting on Aug. 1. © Reuters Satyajit Das, a former banker, is the author of "Traders, Guns & Money," "Extreme Money" and "A Banquet of Consequences: Reloaded." Under President Donald Trump, the U.S. raised its average effective tariff rate to the highest level since the 1930s. Adding to the uncertainty, Trump sent letters to a wide range of countries, warning that their exports could face tariffs of 25% to 40% unless their companies chose to manufacture within the U.S. Any reciprocal tariffs on American products, he warned, would trigger additional duties in response.
Bloomberg
5 days ago
- Business
- Bloomberg
Treasury Bulls Unwind Big Bets as Strong Data Pushes Yields Up
Futures traders have been unwinding some large bullish bets on Treasury bonds, adding to the recent upward pressure on US yields after a surprisingly strong jobs report last week. Traders had built up substantial long positions in Treasury markets ahead of Thursday's payrolls data, anticipating that a weak reading would bolster the case for lower rates.
