Cocoa Prices Pressured by Dollar Strength and Rising ICE Inventories
September ICE NY cocoa (CCU26) on Monday closed down -13 (-0.23%), and September ICE London cocoa #7 (CAU26) closed up +1 (+0.02%).
Markets
U.S. hits Canada with stiff new tariffs, escalating trade tensions
U.S. President Donald Trump and Chinese President Xi Jinping appear to have maintained a fragile truce in the globally defining U.S.-China trade war after their May summit in Beijing. Experts say complete decoupling of …
Cotton Holding Higher at Monday’s Midday
Cotton futures are up 34 to 63 points so at Monday’s midday. Crude oil is up another 24 cents per barrel, with the US dollar index up 0.239.
U.S. condemns China's 'dangerous and aggressive' acts after Philippine sailor injured at disputed shoal
The U.S. condemned what it termed China's "dangerous and aggressive" actions against Philippine navy personnel in the contested South China Sea waters, after Manila said a Chinese coast guard officer repeatedly struck a…
Cocoa Prices Pressured by Dollar Strength and Rising ICE Inventories
September ICE NY cocoa (CCU26) on Monday closed down -13 (-0.23%), and September ICE London cocoa #7 (CAU26) closed up +1 (+0.02%).
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn't buy either equities or long-dated U.S. Treasurys at their current prices.
Stocks Edge Higher as Chipmakers Rebound
The S&P 500 Index ($SPX) (SPY) today is up +0.46%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.86%. September E-mini S&P futures (ESU26) are up +0.43%, …
Trump imposing 50% tariffs on certain Canadian goods over alleged trade discrimination
The U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday.
Broader Market Boosted by Chipmaker Strength
The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.51%. September E-mini S&P futures (ESU26) are up +0.20%, …
Dollar Supported by Higher T-Note Yields and Crude Prices
The dollar index (DXY00) rose by +0.18% on Monday. The dollar strengthened on Monday as escalation of hostilities between the US and Iran is boosting crude oil prices, which raises inflation expectations that could prom…
Why are gasoline prices rising faster than oil prices? Blame it on the ‘crack.’
When Donald Trump ran for president in 2024, he promised to get gas prices below $2 a gallon “within 12 months.” That sounded good to an electorate unhappy about the high cost of living; Mr. Trump secured his second ter…
Cotton Holds onto Gains on Monday
Cotton futures were up 9 to 37 points across most contracts on Monday. Crude oil was up another 65 cents per barrel, with the US dollar index up 0.209.
Corn Rallying Again Out of the Weekend
Corn price action is 7 to 8 cents higher so far on Monday morning after gapping higher on Sunday night. Futures shrugged off the early weakness on Friday to close near the highs of the day, up 2 ¼ to 3 ½ cents across mo…
The FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blame
The Food and Drug Administration's reversal on a key piece of its cyclosporiasis investigation has sparked confusion in the U.S., but the agency said Monday that it has not changed its main conclusions about the outbrea…
Hogs Trading Mixed on Monday
Lean hog futures are mixed at midday, with most contracts within 35 cents of unchanged. USDA’s national base hog price was not reported on Monday morning due to low volume. The CME Lean Hog Index was 50 cents higher on …
Delays to Brazil’s Harvest Push Coffee Prices Higher
Coffee prices moved higher on Monday amid a delay in Brazil’s coffee harvest. Last Friday, Safras & Mercado reported that Brazil’s 2026/27 coffee harvest is 64% complete as of July 15, behind last year’s comparable leve…
Nat-Gas Prices Weaken on Tropical Storm Risk
Nat-gas prices retreated on Monday and are just above last Thursday’s 2-month low. Prices are under pressure amid concern that a tropical depression will become Tropical Storm Bertha and disrupt liquefied natural gas (L…
Wheat Facing Mixed Action at Midday
The wheat complex is mixed on Monday, with winter wheat facing weakness. Chicago SRW contracts are 4 to 5 cents in the red. KC HRW futures are down 4 to 5 cents. MPLS spring wheat is the stronger point of the complex, u…
Sugar Prices Consolidate Recent Losses
March NY world sugar #11 (SBH25) today is down -0.03 (-0.14%), and March London ICE white sugar #5 (SWH25) is up +0.60 (+0.11%).
Why cheap Chinese AI models could actually be a boon for Nvidia, Micron and other chip stocks
AI stocks continue to interest investors, thanks to industry momentum and appealing valuations.
Americans are skipping lettuce and salads as investigation into cyclospora outbreak continues
Cyclospora, a parasite that causes “explosive” diarrhea, has surged to unusually high levels this year, as dozens of states face outbreaks and authorities race to investigate the source.
AAON Enters Oversold Territory
In trading on Tuesday, shares of AAON, Inc. (Symbol: AAON) entered into oversold territory, hitting an RSI reading of 29.1, after changing hands as low as $78.12 per share. By comparison, the current RSI reading of the …
Could ‘The Odyssey’ lead the 'apes' back home to AMC shares?
Asymmetric warfare. A long absence. Fierce loyalty. Of course, while many associate these themes with Christopher Nolan's "The Odyssey," it could also aptly apply to the never-ending saga that is AMC and the army of "ap…
Trump administration's head of AI safety agency resigns after 3 months on job
Chris Fall, the head of the Center for AI Standards and Innovation, resigned from his role as director just three months after he was picked for the job by the Trump administration, CNBC confirmed on Monday.