Daily Close | Forex, Metals, Oil, Agriculture April 13, 2021



Sugar beet growers will see bigger-than-expected losses of more than 10% of their total planted area, said farmer group CGB. In the overnight electronic session, the May corn is currently trading at 570 which is 1 cent higher. Some barley was also at risk, and farmers may replant with corn or sunflower. China’s corn futures retreated as well in the marketplace.


Younes described it as “our firm’s most successful investment.”The government gave the airline a secured facility at a rate of 1.5% plus the Canadian dollar offered rate, or CDOR. But the people never forgot inflation, and at every tremor of the earth and spending of the government dollar they feared it would rise again. Sadly, it appears that the fiat dollar is America’s most popular mask.


Today’s technology means that an electronic gold or silver currency is easy to create, but until inflation becomes a significant problem, it’s unlikely to happen. The bottom line is that using fiat as a base currency has merit, but gold has more. That’s because over time fiat just oozes lower and lower against gold. Throughout history, dozens of empires have tried to replace gold with their government money schemes. The empires are gone, and gold is still here!
All other main metals on the LME advanced, with copper up 0.4%.


After EIA’s report for last week’s significant draw of 4.04 million barrels, we expect total gasoline stocks to build by 800,000 barrels for the week of April 9th. The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE). The Gasoline Import Forecast of US West Coast stands at 33,000 bpd aboard one MR tanker for the week ending April 9th. OPEC raised its forecast for oil consumption by 190,000 barrels a day for 2021, though lowered its outlook for the second quarter.
On the Crude Oil front, the market is higher on Mideast tensions and traders are expecting a draw on tonight’s API Energy Stocks. Europe s oil majors are significantly more pessimistic about the outlook for oil than their American counterparts and have governed themselves accordingly, writes Liam Denning. For more details visit the page US East & West Coast Gasoline Import Forecast or copy and paste link in EIKON search box: amers1.apps.cp.extranet.thomsonreuters.biz/cms/?navid=942731478 Your comments are always welcome.
In the overnight electronic session, the May crude oil is currently trading at 6008 which is 38 points higher. Crude production next month in the Permian Basin, the most prolific U.S. shale patch, is expected to reach levels not seen since the start of the pandemic. Meanwhile, U.S. crude stockpiles are expected to have fallen last week, according to a Bloomberg survey.
Pockets of higher oil consumption are emerging worldwide as vaccinations climb. More than half of the increase will be provided by OPEC’s de facto leader, Saudi Arabia, which has been making extra cutbacks to help clear the lingering glut. Oil traded near $60 a barrel. “It was one of the more upbeat OPEC monthly reports in a while,” said John Kilduff, a partner at Again Capital LLC.

United States

Government spending, Fed stimulus, supply bottlenecks, wage pressures and more all tell stories that will keep the villagers nervously eyeballing that no-longer-aesthetically-pleasing hill for a while. This fund offers a pure-play global exposure to 33 auto stocks by tracking the NASDAQ OMX Global Auto Index. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis.
LEARN MORE It’s just a quarter of the way through 2021 and stocks have already leaped past Wall Street’s year-end forecasts. So far this year, the iShares PHLX Semiconductor ETF (SOXX) has added 16.6% in comparison to the S&P 500 and the Nasdaq’s 9.9% and 7.5% addition, respectively. The transaction is expected to close in July and the company will trade on the Nasdaq with the catchy symbol GRAB. Standing near the the top of the Nasdaq today is , last seen up 58.9% at $209.49.
Research from our team of in-house analysts has been quoted by The Wall Street Journal, Bloomberg, MarketWatch, USA Today, Kitco, Reuters, US News & World Report, CNBC, and more.
The Caribbean, fed by Florida’s ports, is the industry’s biggest destination, while Alaska ranks No. The tech-heavy Nasdaq 100 also set a record while the Dow Jones Industrial Average finished in the red. Was it class warfare in the spirit of Occupy Wall Street? Unheard of in the days when all Wall Street could say was “Buy”.


The EU will begin to issue debt via auction for the first time, as well as syndications via banks. Bloomberg s editorial board The big lesson of the first 100 days of Brexit is the EU and U.K. must be friendlier to each other.