Soybeans Rise Above $13
Commodities
Soybeans Rise Above $13
Soybean futures rose above $13.0 per bushel, near their highest level since December 2023 as fresh Chinese buying and signs of tightening crop conditions supported prices. Private exporters reported fresh sales of 202,000 metric tons of US soybeans to China for delivery in the 2026/27 marketing year, following a 136,000-ton purchase a day earlier. The […]
by Currency Hedger
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- 2 months ago
Commodities
Corn Futures Fall on Profit-Taking
Corn futures fell below $5.2 per bushel, easing from a three-year high as traders took profits following the recent rally. Still, concerns over US yields and potential export demand continued to support prices. The latest USDA report showed the corn crop holding at 57% good-to-excellent as of August 30, while recent field assessments pointed to […]
by Currency Hedger
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- 2 months ago
Commodities
Palm Oil Rebounds on Dalian Gains, El Niño Risks
Malaysian palm oil futures strengthened, trading near MYR 4,990 per tonne after recent losses, lifted by firmer edible oil prices on the Dalian market. Sentiment was also supported by rising El Niño risks, which could bring drier conditions to Southeast Asia. Palm oil output in top supplier Indonesia is expected to fall 2.9% to 56.8 […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
Bond markets still in focus, as Iran war heats up
The bond market sell off is once again the main driver of price action on Wednesday. Stocks are broadly lower across Europe, with tech and industrials taking the brunt of the sell off. However, the decline in stocks is milder than it was on Tuesday. US futures are also pointing to a lower open, after […]
by Currency Hedger
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- 2 months ago
Institutional, Technical Analysis
Cocoa down 4% as Mondelez International calms market supply fears
The cocoa market remains strongly supported by concerns over weather conditions in West Africa, but the fundamental picture is far from uniformly bullish, with ICE cocoa futures (COCOA) down more than 4% today . Industry giant Mondelez has pointed out that relatively healthy cocoa inventories provide a buffer that could soften the impact of a […]
by Currency Hedger
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- 2 months ago
EUR, Institutional, Technical Analysis
Trade of The Day – EUR/USD
Facts: Recommendation: EURUSD (D1) Source: xStation5 OPINION : On the EURUSD pair, a clear repricing of both the probability and the scale of interest rate hikes can currently be observed, which should trigger a correction in the euro versus the US dollar. Price growth in Europe is weaker than in the US, inflation expectations are […]
by Currency Hedger
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- 2 months ago
Commodities
Agricultural Commodities Retreat
COTTON & WHEAT down more than 2% 🔥 Agricultural commodities have seen a strong wave of gains, driven mainly by supply and logistics concerns. These stem from a combination of worries about fertilizer prices, the security of terminals in the Black Sea, and weather anomalies following El Niño. WHEAT (D1) Chart Source: xStation5 Wednesday, however, […]
by Currency Hedger
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- 2 months ago
EUR, JPY, Technical Analysis
Euro tumbles against Japanese Yen amid fears of another US-Japan joint intervention
The Euro (EUR) is sharply down at around 184.66 against the Japanese Yen (JPY) during the European trading session on Wednesday. The cross faces intense selling pressure as the Japanese currency outperforms on fresh expectations that the United States (US) and Japan will jointly intervene again. Japanese Yen Price Today The table below shows the percentage […]
by Currency Hedger
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- 2 months ago
EUR, GBP, Technical Analysis
EUR/GBP Price – Euro pulls back from the top of a triangle pattern
The Euro (EUR) posts moderate losses against the British Pound (GBP) on Wednesday, as the previous two days’ recovery has been capped again at a key resistance area between 0.8580 and 0.8585, which holds the top of an ascending triangle pattern. Macroeconomic data is scarce in both the UK and the Eurozone on Wednesday, and the Euro and the Pound […]
by Currency Hedger
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- 2 months ago
CNH, USD
Offshore Yuan Holds Decline
The offshore yuan held its decline around 6.72 per dollar on Wednesday as the US dollar strengthened amid mounting inflation concerns and growing expectations of a near-term Federal Reserve rate hike. The greenback remained firm as renewed tensions in the Middle East heightened fears of further disruptions in the Strait of Hormuz, adding to inflationary […]
by Currency Hedger
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- 2 months ago