March sugar closed up 8 points at 19.52 cents yesterday. Prices closed near mid-range yesterday on short covering in a bear market. Sugar bears still have the solid overall near-term technical advantage. Bulls’ next upside...
Read More* LATEST MARKET DEVELOPMENTS * A heavy slate of U.S. economic data Wednesday may provide some fresh fundamental news to move the markets. In overnight news, Asian stocks rallied on news that Chinese government officials have...
Read MoreMarch corn futures were down 3 1/2 cents at 7.51 in late trading yesterday. Prices were near mid-range and saw more profit taking from recent gains. Bulls still have the slight overall near-term technical advantage. Corn...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency hit a fresh six-month high against the U.S. dollar and European stocks gained amid ideas the European Union sovereign debt crisis has at least stabilized at...
Read MoreFebruary live cattle closed up $0.37 at $130.77 yesterday. Prices closed near the session high yesterday on short covering and a corrective bounce following Friday’s strong selling pressure that did produce a bearish...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency and European stocks were given a boost when Greece announced it would buy back up to 10 billion Euros of its outstanding bonds at a price from 30 to 40 cents on...
Read More* LATEST MARKET DEVELOPMENTS * It was an uneventful overnight trading session overseas. Fresh European Union economic data saw Euro zone inflation fall to an annual rate of 2.2%–the lowest level in nearly two years in...
Read MoreJanuary crude oil closed up $1.45 a barrel at $87.94 yesterday. Prices closed near mid-range yesterday on short covering and bargain hunting. A weaker U.S. dollar yesterday was also supportive for crude. Crude oil bears still...
Read More* LATEST MARKET DEVELOPMENTS * It’s a keener risk mentality day in the market place early Thursday. As the rhetoric continues among U.S. lawmakers and President Obama regarding the so-called “fiscal cliff” tax...
Read MoreFebruary gold futures closed down $24.90 an ounce at $1,719.80 yesterday. Prices closed nearer the session low yesterday amid reports of a huge sell order hitting the market at the open. Options-related selling was also likely...
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