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Soybeans Correcting Lower Ahead of Trump/Xi Meeting

Soybeans are trading with losses as traders square up ahead of the US/China meeting this week. Contracts are down 10 to 12 ¼ cents. The cmdtyView national average Cash Bean price is down 11 3/4 cents at $12.54. Soymeal …

Cotton Slipping to Start Wednesday Trade

Cotton is showing 40 to 50 point gains on Wednesday morning. Futures closed out the Tuesday session with contracts down 16 to 55 points across the board. Crude oil was down 57 cents per barrel on the session, with the U…

Never Have Stocks Owed So Much to So Few

In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person …

Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion

Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…