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Oversold Conditions For Terrestrial Energy (IMSR)

In trading on Wednesday, shares of Terrestrial Energy Inc (Symbol: IMSR) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $4.98 per share. By comparison, the current RSI re…

Stocks Settle Higher on Tame Inflation News

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) …

Corn Starting Wednesday with Gains

Corn prices are up 3 to 4 cents so far on Wednesday morning with spillover support from double digit gains in the wheat complex. Futures closed out the Tuesday session with contracts ¾ to 2 ¾ cents lower, as July expire…

Hogs Look to Wednesday after Mixed Tuesday

Lean hog futures were mixed on Tuesday, with contracts up 35 cent to 40 cents lower. Open interest was up 6,944 contracts on Tuesday. USDA’s national base hog price was reported at $98.56 on Tuesday afternoon, down 22 c…

Brazilian Real Strength Lifts Coffee Prices

Coffee prices are sharply higher today, with arabica coffee posting a 2-week high. Strength in the Brazilian real is lifting coffee prices today. The real (^USDBRL) rallied to a 20-month high today, discouraging export …

Stocks Supported By Favorable Inflation News

The S&P 500 Index ($SPX) (SPY) today is up +0.23%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%. September E-mini S&P futures (ESU26) are up +0.27%, an…

Cotton Bouncing Higher on Wednesday Morning

Cotton price action is 14 to 26 points gains on Wednesday morning. Futures ended Tuesday on a weaker noted despite a midday bounce, with contracts down 23 to 74 points on the session. Crude oil was up $1.69 on the day w…

Cattle Look to Wednesday as Beef Weakness Continues

Live cattle futures faced continued weakness on Tuesday, with contracts down $1.60 to $3.30 at the close. Open interest was up 3,860 contracts, with August down 8,909 contracts. Cash trade has yet to get kicked off this…

Dollar Slips as Favorable PPI Reduces Fed Rate Hike Chances

The dollar index (DXY00) is down by -0.12% today. The dollar is under pressure today after US June producer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the cha…

It’s a buyer’s market for bonds

Gold is no longer facing a lack of demand. It is facing supply from the very institutions that once anchored its multi-year advance. The central banks that accumulated close to 1,000 tonnes per year since 2022 are now l…

Dollar Declines on a Benign US CPI Report

The dollar index (DXY00) fell by -0.32% on Tuesday. The dollar retreated on Tuesday after US June consumer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the chan…

US producer prices unexpectedly fall in June

WASHINGTON, July 15 (Reuters) - U.S. producer prices unexpectedly fell in June, another indication that inflation was retreating before the recent escalation in the Middle East ‌conflict.

Improved Indian Monsoon Rains Weigh on Sugar Prices

Sugar prices are under pressure today, with London sugar falling to a 2.5-week low. An improvement in India’s monsoon rains is weighing on sugar prices. India’s Meteorological Department reported today that India’s cumu…