Cattle Futures Slide as Border Reopening Adds Supply Pressure Ahead of USDA Report
Commodities, Market Analysis, Technical Analysis
Cattle Futures Slide as Border Reopening Adds Supply Pressure Ahead of USDA Report
Today Markets Analysis Live cattle futures fell sharply on Thursday, while feeder cattle also posted substantial losses as traders reacted to the planned reopening of the Santa Teresa, New Mexico border crossing and positioned ahead of Friday’s USDA Cattle on Feed report. Live cattle futures declined between $2.80 and $3.95, while feeder cattle futures dropped […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Wheat Prices Extend Losses as Export Demand Weakens and Black Sea Risks Shift
Today Markets Analysis Wheat futures remained under pressure on Thursday, with all three major U.S. wheat markets closing lower as export demand remained below last year’s levels and traders assessed changing risks around Black Sea supplies. Chicago SRW wheat futures fell between 3¾ and 6¾ cents, while KC HRW contracts declined 5 to 8½ cents. […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Corn Slides Toward $5.30 as Weak U.S. Sales and Falling Oil Weigh on Prices
Today Markets Analysis Corn futures moved lower on Thursday, with prices falling between 1 and 4¾ cents as weaker U.S. export demand, lower crude oil prices and the approaching harvest placed pressure on the market. December 2026 corn futures closed at approximately $5.30½ per bushel, down 3¾ cents, while March 2027 corn fell 4¼ cents […]
by Currency Hedger
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- 2 months ago
Commodities, Market Analysis, Technical Analysis
Soybeans Hold Near $13.20 as China Demand Surges but Heavy Rains Threaten Harvest
Today Markets Analysis Soybean futures finished mixed on Thursday after correcting from earlier intraday strength, as exceptionally strong U.S. export sales and renewed Chinese buying competed with concerns over heavy rainfall across key producing states. November 2026 soybeans closed at approximately $13.19¾ per bushel, down ¾ cent, while January 2027 futures slipped ¼ cent to […]
by Currency Hedger
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- 2 months ago
Energies, Market Analysis, Technical Analysis
Trade of The Day – OIL
Facts Recommendation Short OIL at market price View The prospect of renewed U.S.-Iran negotiations roughly six weeks before the U.S. congressional midterm elections may give Tehran an opportunity to negotiate more favorable terms for a potential agreement. The United States has already committed substantial financial resources to the war in the Middle East, while American […]
by Currency Hedger
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- 2 months ago
Market Analysis, Metals, Technical Analysis
Chart of the day – Gold rebounds 1.3% despite hawkish Fed stance
Gold is rebounding by more than 1.3% after the decline triggered by the Fed’s first rate hike in more than three years. Higher interest rates are usually negative for gold, which does not generate yield, but the market had already priced in the Fed move to some extent, so the reaction has remained relatively limited. […]
by Currency Hedger
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- 2 months ago
Institutional, UOB
Swiss Franc: Remains near recent lows against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has staged an overdone rally toward 0.8265 and now expect the pair to consolidate between 0.8225 and 0.8275 in the near term. Over the next 1–3 weeks, momentum remains strong but may not yet be sufficient to break above 0.8300, […]
by Currency Hedger
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- 2 months ago
Institutional, OCBC
Gold: Higher yields cap recovery prospects – OCBC
OCBC strategist Christopher Wong reports that Gold reversed lower after the FOMC as a stronger US Dollar (USD) and rising United States (US) yields weighed on sentiment, with the 2-year near 4.75% and the 10-year around 5%. He argues elevated yields and a firm Dollar may cap Gold in the near term, but says the Fed outcome […]
by Currency Hedger
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- 2 months ago
Market Analysis, Metals, Technical Analysis
Nickel Rebounds From 8-Month Low
Today Markets Analysis Nickel traded around $16,230 per tonne, rebounding from its lowest level in eight months as the recent selloff attracted fresh buying interest. The move represents a technical recovery after the sharp decline, but the broader fundamentals remain challenging. Weak Chinese downstream demand continues to weigh on the nickel market, with nickel salt […]
by Currency Hedger
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- 2 months ago
UK Gilt Yields Ease Ahead of BoE Decision
UK 10-year gilt yields fell back to around 5.3% as oil prices declined for a second consecutive session, with investors also digesting yesterday’s Federal Reserve rate hike ahead of the Bank of England’s closely watched policy decision. Brent crude is trading around $105 a barrel after Saudi Arabia said it plans to restore roughly half […]
by Currency Hedger
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- 2 months ago