A biofuels director says the ag industry needs fewer restrictions in the next sustainable aviation fuel tax credit. Helena Jette with the Indiana Corn Marketing Council and the Indiana Soybean Council says the Treasury Department’s 40B tax credit was a good first step but misses the mark. “You’re going to...
2024 elections in the United States, Mexico, the UK, EU, India and other countries could bring new risks and opportunities to equity markets. More traders are turning to equity index options at CME Group to manage event risk.
On Wednesday, Dropbox had an unusually active call option with a Vol/OI ratio of 17.27, putting it in the top 25. The call is a screaming buy, with Q1 2024 results out after today’s close. Here’s why.
World sugar futures rose 2.69% in 2023 and were 9.43% higher in Q1 2024. In early Q2, the world sugar futures declined to below 20 cents per pound, the lowest price since early 2023. Given the price action in the other soft commodities, lower sugar prices could be a sweet opportunity.
Lean hogs are posting midday weakness on Thursday, as contracts are down 52 to 92 cents. USDA’s National Average Base Hog negotiated price was down $3.62 in the Thursday morning report at $88.96. The CME Lean Hog Index was up 25 cents on May 7 at $91.28. Pork export sales...
Soybeans are struggling on Thursday, as contracts are down 10 to 17 cents at midday, and November threating the slip below $12. Soymeal futures are down $3.90 to $4.10/ton. Soy Oil is also falling at midday, with triple digit losses of 121 points on Thursday. The dam has broken on...
The wheat complex has pulled back from the double digit strength we was earlier in the session but is still higher at midday. Chicago contracts are up 2 to 6 cents so far on the day. Kansas City futures are up 6 to 7 cents at midday. MPLS spring wheat...
Live cattle are slipping lower at midday, with contracts mostly a tik to 52 cents lower. Cash trade has been slow to develop this week, with the Central Stockyards Fed Cattle Exchange selling 374 of the 1,890 head for an average of $185. Feeders are trading with midday losses of...
The cotton market continued to slide, as midday action had futures down 82 to 116 points on Thursday. That is despite a round of positive export data for the bulls. The outside market influences are helpful but ignored, as the US dollar index is down 236 points, with crude oil...
Corn is continuing the corrective action on Thursday, as contracts are down fractionally to 3 ents across the front months at midday. There were 364 contracts issued vs. May corn delivery overnight, with ADM stopping all of them for the house account. USDA issued a flash sale of 132,080 MT...
AJ_PY027 Atlanta, GA Thu. May 09, 2024 USDA Market News SHELL EGGS: Daily National Egg Market-at-a-Glance New York egg prices are unchanged for Extra Large, Large and Medium. California and regional prices are steady. The undertone is steady. Demand remains light to...
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