Market News & Insights

Corn Market Weighs USDA Ag Outlook For 2018

March corn futures closed down 1 1/4-cents per bushel week-on-week, finishing at $3.66 1/4. Let’s review the latest corn news, USDA data, and analysis for the week ahead (February 26). Weekly Highlights and Takeaways: On Thursday and Friday the USDA held its annual Agricultural Outlook Forum in Arlington, Virginia, which…

Global Trade Indicators Point Another Year Of Growth In 2018

A few data points have come out on global trade over the past week so it’s worth taking a look at what has been a really key theme for the global economic recovery and acceleration that we have been seeing. Indeed, the global trade slowdown (basically a near-miss global recession) in 2015/16…

Debt Hangover: Here’s Why Deficits Do Matter

The Federal Reserve (Fed) has increased the Fed Funds rate by 125 basis points or 1.25% since 2015, which had little effect on bonds until recently. Of late, however, yields on longer-maturity bonds have begun to rise, contributing to anxiety in the equity markets. The current narrative from Wall Street…

U.S. Corn Futures Weekly Outlook: Into Price Resistance

March corn futures closed up 5 1/2-cents per bushel week-on-week, finishing at $3.67 ½. Corn bulls will look to extend the near-term rally but overhead price resistance looms (3.69 / 3.75). A strong move above 3.75 could put 4 dollar corn back on the radar. Let’s review the latest news,…

Baidu (BIDU) Pops On Earnings But Faces Cyclical Headwinds

Baidu (BIDU) reported earnings of $2.29 per share and revenue of $3.6 billion, which beat expectations of $2.05 per share and $3.4 billion. The stock responded with a strong rally in Wednesday trading. As well, analysts from Daiwa Capital and Wells Fargo upgraded the stock to outperform. BIDU was up…

U.S. GDP Growth Is Not As Rosy As It Seems

Last Friday, Gross Domestic Product (GDP or the domestic economic growth rate) for the fourth quarter of 2017 was released. Despite being 0.3% short of expectations at 2.6% annual growth, it nonetheless produced enthusiasm as witnessed by the S&P 500 which jumped 25 points. One of the reasons for the…

Nvidia Pops On Earnings But Cycle May Weigh On Stock Price

Nvidia (NVDA) reported earnings of $1.72 per share and revenue of $2.91 billion, both which beat expectations of $1.16 per share and $2.68 billion respectively. The stock was up by 7% in Friday morning trading. The company attributed its earnings to strong demand related to computer gaming, artificial intelligence, and…

Twitter Earnings Beat Expectations, Bullish For TWTR Stock

Twitter (TWTR) reported earnings of $0.19 per share and revenue of $731 billion, both which beat expectations of $0.14 per share and $686 billion respectively. TWTR flew over 20% on the news, trading in the mid-$30s on Thursday morning. This was its first time posting a profit in 12 years….

US Corn Weekly Market Outlook: Working Off Excess Supply

March corn futures closed up 5-cents per bushel week-on-week, finishing at $3.61 ½. Corn bulls will look to extend the near-term rally into overhead price resistance (target zones 3.69 / 3.75). Above that, and 4 dollar corn comes into view… but that is still a ways off. Let’s review the…

Chinese Market Concerns? 3 Charts To Watch

The latest official PMI data out of China showed a slowing of momentum in the manufacturing sector (51.3 in January vs 51.6 in Dec and a peak of 52.4 in Sep 17), while non-manufacturing improved further (55.3 vs 55 in Dec). The improvement in non-manfacturing was largely a services story,…