Daily Close | Forex, Metals, Oil, Agriculture April 12, 2021



A bullish corn number and bearish soybean data paved a way for a rocky road and pared prices. The trading range has been 586 to 577 ¼ with soybean weakness weighing in on corn prices. In the overnight electronic session, the May corn is currently trading at 579 ¼ which is 2 cents higher.


This week’s Market Review adds details to the regular VIX section along with a call spread suggestion and then a brief U.S. Dollar Index update.


less Shares of U.S. Steel (X) are falling as the stock unwinds an overbought situation as the infrastructure bill has stalled in the near term. As U.S. Steel falls, investors can look at a major trend line of support stretching back from to September 2020, when the stock was under $7/share.


On the Crude Oil front, Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least five other Asian nations. In the overnight electronic session, the May crude oil is currently trading at 6001 which is 69 points higher. The world has a lot of oil.Space Wars!For being vast, mysterious and deadly, space is also somehow sort of hilarious.

United States

According to CNBC, the upcoming Coinbase Nasdaq listing is expected to introduce a broad base of investors that have not yet meddled with crypto assets to this booming market. Bloomberg s editorial board The Fed s new reactive policy framework came at the worst time, raising the risk of overheating and bubbles. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Don served as Chairman and CEO of Litchfield, which was listed on the Nasdaq in 1992 and acquired by Textron Corp. (TXT) in 1999.
Meanwhile, the Dow Jones and the Nasdaq Composite Index gained 2% and 3.1%, respectively.