Daily Close | Forex, Metals, Oil, Agriculture February 19, 2021



On the Ethanol front, the February contract expires and the big story is Corn Growers E15 testing in California. More tests are underway said Tom Gillis who is on the Wisconsin Corn Promotion Board and the National Corn Growers Ethanol Action Group.


Over the past 12 months, the US dollar has declined by approximately 8% against a basket of currencies, including the Canadian dollar. The main reason for the rise in our ADR-rich portfolio of foreign shares is the dollar falling. Viewed from the export side, the rise in the Canadian dollar is not welcomed, hence the Bank’s dilemma. The U.S. dollar sold off across the board as stocks rebounded from yesterday’s decline. We don’t have an objective for the Canadian dollar.


Both past episodes and our scenario analysis suggest that gold and $/JPY may also offer good optionality for scenarios in which real rates rise more quickly. less The gold miners’ stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. The leading and dominant gold-stock benchmark and trading vehicle is the GDX VanEck Vectors Gold Miners ETF. less As poorly as precious metals have done since August 6th, silver has remained relatively frisky.
Compared to gold, it has been doing great lately. Copper can be viewed as a growth story for the global economy as well as an inflation metric. The resulting drawdowns in gold-stock positions shake out the weak hands, spawning widespread capitulation. In this range, expect as much as a 20% correction on copper. At that point, copper-bottomed out at $2.07.


With the divestiture, Ingersoll will get less than 2% of its revenue from the exploration and drilling part of the oil and gas market.

United States

less Investing.com Follow Real estate is one of the most important sectors of the US economy, and Real Estate Investment Trusts (REITs) typically get significant investors attention. Real estate is one of the most important sectors of the US economy, and Real Estate Investment Trusts (REITs) typically get significant investors attention. is one of the best-performing stocks on the Nasdaq today, last seen up 116.4% at $6.21, following the signing of multi-project deals with two unnamed pharmaceutical companies.
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. 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. less Investing.com Follow Facebook (NASDAQ:FB) is in the news for all the wrong reasons these days.
Therefore, they tend to be a popular asset class among passive-income seekers.The current monetary environment supported by the Fed typically favors REIT investments. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Facebook (NASDAQ:FB) is in the news for all the wrong reasons these days. (NYSE:NLY), (NASDAQ:AGNC), (NYSE:STWD), and (NYSE:HASI) lead the names in the roster.Investing in mortgage REITs can be rewarding in terms of high dividend yields.
They represent an important source of credit in the US mortgage market.” Most analysts agree that with Fed’s purchase, the industry would have had a very difficult time. In the US, regulations require REITs to distribute 90% of their annual taxable income through dividend payments. However, Wall Street offers no free lunches, there could also risks in the months ahead. National Association of Real Estate Investment Trusts (NAREIT) points out mREITs “help finance 1.8 million homes in the US.”
The top five names are the (NASDAQ:VRTPX), (NYSE:AMT), (NYSE:PLD), (NYSE:CCI) and (NASDAQ:EQIX).In the past 12 months, VNQ declined by almost 10%. Tool-maker Stanley Black & Decker Inc. has had a Built-in-the-USA initiative for years that appears only to have accelerated in the wake of Trump s myriad trade battles. Unheard of in the days when all Wall Street could say was “Buy”. In 2020, the Federal Reserve (Fed) purchased over $1 trillion in mortgages from mREITs and banks.


Our other family currency (my husband being British) has risen to a new high of $1.4006 per pound sterling, a level not seen since the Brexit referendum. This reflects the UK doing better getting drugs to fight COVID-19 than EU bureaucrats and stimulus plans.