* LATEST MARKET DEVELOPMENTS * It’s a bit more of a “risk-on” trading day in the market place early Wednesday. In overnight news, Asian and European stock markets rose, partly due to Moody’s latest...
Read MoreMarch sugar closed up 31 points at 20.16 cents yesterday. Prices closed nearer the session high yesterday and saw short covering in a bear market. The weaker U.S. dollar yesterday was somewhat supportive for sugar. Sugar bears...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, European Union economic data showed Euro zone inflation was unchanged in September, at a 2.6% annual rate. The German ZEW economic expectations index rose in September,...
Read MoreDecember corn futures were down 17 cents at 7.35 3/4 in late trading yesterday. Prices were near the session low and have given back all of last week’s gains following the release of a bullish USDA report Thursday morning....
Read More* LATEST MARKET DEVELOPMENTS * It’s a bit of a “risk-off” trader/investor mentality in the market place to start the new trading week. In overnight news, European and Asian stocks digested news that...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, China’s central bank allowed the Chinese currency, the yuan, to trade sharply higher against the U.S. dollar. The move by China was an effort to get more foreign capital...
Read MoreNovember crude oil closed up $0.98 a barrel at $92.22 yesterday. Prices closed near mid-range yesterday. Trading remains choppy. Prices yesterday were supported on some fresh tensions in the Middle East. However, a bearish...
Read More* LATEST MARKET DEVELOPMENTS * Late Wednesday the Standard & Poors ratings agency downgraded Spain’s credit rating to near junk status. The Euro currency sold off and the U.S. dollar index rallied in the immediate...
Read MoreWednesday, October 10–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, European stock markets were weaker along with the Euro currency. The European Union sovereign debt crisis and...
Read More* LATEST MARKET DEVELOPMENTS * Overnight news saw the Chinese central bank inject fresh liquidity into China’s financial system ($41 billion) via a daily operation, in an effort to stimulate economic growth. Asian stocks...
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