Daily Close | Forex, Metals, Oil, Agriculture July 21, 2021

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Agriculture

less General Comments: Winter Wheat markets were higher yesterday as the weather in the northern Great Plains and Canadian Prairies remains bad for production and on better demand ideas. World prices are expected to bottom soon and start to move higher, supporting Wheat futures markets in the US. White Winter Wheat production is also being hurt as both have been impacted by drought and heat this year. Yield reports have generally been good in Winter Wheat areas but there have been mixed results reported in some Great Plains states.
Kazakhstan has moved to limit Wheat exports for this year.

United States

Tomorrow, the US Unemployment Claims, CB Leading Index, and the Existing Home Sales could bring more stimulus into the game if the figures printed better than expected. 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. Photo: Edwin Cheng for The Wall Street Journal By Dan Gallagher Close July 21, 2021 3:17 pm ET The extremely expensive nature of chip manufacturing makes efficiency paramount.
Prior to that, July 2016 was the last time in which the US has seen as large of a degree of outperformance. Unheard of in the days when all Wall Street could say was “Buy”. The Nikkei rallies right now as the US equities are strongly bullish. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. You will be charged $ + tax (if applicable) for The Wall Street Journal.

Europe

Also, the ECB could have an impact on the USD/JPY.

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