Daily Close | Forex, Metals, Oil, Agriculture December 03, 2020



2020 export sales are 450 million bu ahead of corn’s seasonal pace to hit the USDA’s current 2.65 billion bu fore-cast. This week’s record October US soybean crush of 196.6 million bu has this demand off to a great start, which could prompt a 10-20 million bump. Given the current La Nina weather pattern impacting S. America’s corn & soybean crops in Argentina and Brazil, the USDA’s foreign crop updates will be important, too. This suggests the USDA will leave US corn stocks unchanged to watch S AM crops and January’s final US crop level.
Overall, corn’s Dec ending stocks have changed 50 million bu. USDA said that net weekly Upland Cotton export sales were 277,900 bales this year and 21,800 bales next year. In the overnight electronic session, the March corn is currently trading at 424 ¼ which is a ½ of a cent lower. The next USDA corn to ethanol use estimate is out next Thursday December 10th. less General Comments: Cotton closed a little lower in consolidation trading.


Dollar Tree, too, said in its most recent earnings call that it will roll out 500 higher-priced stores—with goods priced between a dollar and $5—beginning next spring. Take Dollar General , which said Thursday that net sales rose 17% and net income expanded 57% in the quarter ended Oct. 30 from a year earlier. By Jinjoo Lee Close Dec. 3, 2020 2:22 pm ET Earlier this year, consumable goods like food were what was driving sales growth at dollar stores. Dollar General had already started introducing more discretionary goods through an initiative it started last year to add more assortment.
CrowdStrike doesn’t disclose the precise number since Q4’2020, but the company continues to exceed the 120% net dollar retention rate. That the Fed would pursue a suicidal destruction of the purchasing power of the dollar just to boost stock markets and billionaires–that beggars belief. Net dollar-based net retention rate exceeded 120%.Underlying the rapid growth were CrowdStrike’s impressive AI-enabled Threat Graph and its ability to add capabilities to fortify customer defenses and identity-based attacks.
(Since China’s currency is pegged to the US dollar, it is not a true reserve currency; it is only a derivative of the USD.) That has helped boost Dollar General’s gross margins, which have been expanding for six consecutive quarters on a year-over-year basis. Credit: company’s website Dollar General’s top-line firepower was broad-based, which I view as a sign that the business is generally very healthy.
After that, we discuss all the commodity-related macro topics like the U.S. dollar and the price of gold, silver, oil, and copper. Will Dollar General benefit from another wave of coronavirus-driven retail disruptions in the winter? Dollar General plans to have 30 Popshelf stores by the end of 2021. Dollar General’s gross margin is somewhere in between, at 31.3%. 3, 2020 1:27 PM ET|| About: Dollar General Corporation (DG), Includes: WMTby: D.M.
The same can be said for the other reserve currencies, the euro and the yen.


Like many digital gold enthusiasts, I anticipate what is (supposedly) destined: $20,000 and beyond. As it contains equities of mining companies in the silver mining space the operating leverage adds a lot to the upside. This can also indicate that major investors are still interested in the digital gold. He owns “a bit” of Bitcoin, but a lot more gold, and muses that Bitcoin is very attractive for millennials. She explains her reasoning behind her favorite trade which is to go long silver miners.
Airbnb has received at least $3.98 billion from investors including Sequoia Capital, Founders Fund, Silver Lake, Sixth Street, DST Global, Greystar Real Estate, and Accel.
She expects a silver price between $30 and $40 is possible.


Vitol, a private company, trades 8 million barrels a day of crude oil and also manages upstream assets and refineries, according to its website. It also shows that LPG shipping delays substantially improved in November, but delays for LNG carriers got worse. Panama Canal congestion is also spurring more LNG and LPG carriers to take the long route to Asia around the Cape of Good Hope. According to Clarksons, spot rates for M-type, electronically controlled, gas injection (MEGI) LNG carriers are currently $123,000 per day.
In this article, we want to take a look at Golar LNG Partners LP (GMLP), another company in the industry, which released its Q3 results just yesterday. The good news for LNG and LPG shipowners is that delays are actually a tailwind for returns. Longer voyages soak up more vessel capacity, another plus for rates.

United States

That’s ok though: by then the Fed will likely push rates negative allowing bankrupt companies to issue 2%-yielding debt and stay alive. The irony is that while the Fed directly feeds this debt bubble, it is at the same time warning about the pernicious consequences of too much debt. They also weren’t confident that the Fed’s purchases of corporate debt would stabilize the market. In the end, in my view, central bank policies in the US and around the world are driving inflation, especially since the coronavirus crisis.
At the expected slow recovery rate of 2021-22 by Wall Street analyst consensus, Marriott would need 15+ years of solid, uninterrupted business performance to pay off all liabilities. The current financial landscape has profoundly changed the old financial schemes and the US Treasuries performed this function very well. The Fed has seen fit to crush the USD to further boost the wealth of billionaires and save global stock markets from their well-deserved ruin.
It’s still possible the US might meet that target, but the big question facing the market is: will this be the last “unanticipated” delay? The furloughs would occur between January and April, by which time “superforecasters” believe vaccinations in the US will be well under way. EchoStar Corporation (NASDAQ:SATS) is a provider of broadband satellite communications servicing a variety of consumer and commercial customers, including individual consumers and small to large enterprises.
Is this a realistic assumption, or proof that a central bank, money printing-induced bubble in investor thinking has taken over Wall Street? Unfortunately for the US economy, negative EBITDA companies are growing at a feverish pace. Two weeks ago we dubbed Morgan Stanley’s Michael Wilson, the bank’s chief US equity strategist, Wall Street’s most accurate forecaster. Was he deaf to the constant harping by the media that President Trump colluded with Russia to steal the 2016 election?
This means Joe Biden, if confirmed by the electoral college, will have one vacancy to fill at The Fed as he begins his term.
He has attended meetings of the rate-setting Federal Open Market Committee this year in his capacity at the St. Louis Fed. According to Guidehouse’s 2020 AV leaderboard, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo holds a commanding lead, as has been the case for several years. As with the “zombies”, there is one simple reason for this stunning propagation of cash burning vampires: the Fed. It’s no wonder that a recent Gallup poll revealed that the majority of Americans no longer trust the US media to report accurately or fairly.
He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post.


Hui urged Copenhagen to offer “safe haven” plans for Hong Kong protesters and take a more active role in speaking out against Beijing’s human rights abuses. Hui is in effect sealing his fate – at least as far as Beijing is concerned.


Sounds like Brexit talks have gone worse this afternoon… A senior govt source says ‘at the eleventh hour, the EU is bringing new elements into the negotiation. In the latest update, BBC editor and Brexit authority Laura Kuenssberg tweeted that she was hearing talks were going worse than expected. We’re less than 30 days away from Britain crashing out of the EU come the New Year, and talks between London and Brussels are not going well. Those moves, known as equivalence decisions, effectively involve endorsing EU regulations as being ‘equivalent’ to the UK’s.