A rise in U.S. and European interest rates caused volatility in the equity markets to spike last week. This rise in stock market volatility could be seen in gyrations in price for the S&P 500 (INDEXSP:.INX), as well as the VIX Volatility Index (INDEXCBOE:VIX). Yet despite the sudden change in…
September corn futures moved sharply higher this week, closing up 11 ½-cents per bushel week-on-week, finishing on Friday (7/7) at $3.92 ½. September corn futures rallied aggressively for the second consecutive week however failed on Friday to take out the current summer high of $3.99 ¼ established on June 8th….
September corn futures moved sharply higher last week, closing up 15 ½-cents per bushel week-on-week, finishing the week (6/30) at $3.81. September corn futures rallied aggressively on Friday (closing up 11 ½-cents on 6/30) despite what was largely considered a Bearish June Acreage and Stocks report for corn. Let’s dig…
The equity markets enter the final week of the second quarter sitting at or near record highs. The S&P 500 Index (INDEXSP:.INX) and the Dow Jone Industrials (INDEXDJX:.DJI) are ahead by nearly 9.00% in 2017. Last week, the popular stock market averages were little changed despite a drop in the…
July corn futures moved sharply lower this week, closing down 26 ¼-cents per bushel week-on-week, finishing on Friday (6/23) at $3.57 ¾. July corn futures established a new calendar year day low on Friday afternoon of $3.56 ½, exceeding the previous 2017 day low of $3.60 ¾ on 4/21/17. Weekly…
July corn futures moved slightly lower this week, closing down 3 ¾-cents per bushel week-on-week, finishing on Friday (6/16) at $3.84. Corn futures although closing lower on the week did manage to climb out of a big hole following Monday’s (6/12) down 10 ½-cents per bushel trading session. Weekly Corn…
The month of May continued to see stock market growth, with a backdrop of increasing political turmoil in the U.S. And the drum beat has carried the tune into June… with the S&P 500 (INDEXSP:.INX) near all-time highs. It appears less likely that a distracted President Trump will bring tax…
The FOMC (Federal Open Market Committee) raised the Fed Funds rate by another 25 basis points on Wednesday June 14, the second such rate hike this year, and the fourth hike since December 2015. This move was largely discounted by the financial markets, and reaction to this news has been…
The overall headline number for the May Retail Sales Report was subdued. Retail sales fell by 0.3% in the month of May after a 0.4% increase in April. The reading highlighted that only 6 of the top 16 retail sales categories were positive on a monthly basis. But… We must keep in mind…
July corn futures moved sharply higher this week, closing up 15-cents per bushel week-on-week, finishing on Friday (6/9) at $3.87 ¾. December corn futures made a new 2017 day high on Thursday, June 8th of $4.09, eclipsing the previous high-water mark of $4.04 from February 28th. Weekly Corn Price Drivers…