Daily Close | Forex, Metals, Oil, Agriculture July 26, 2021

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Agriculture

However, the hot weather dried up the coverage rather quickly, and heading into the dog days of summer more heat and dry weather is expected to cover the U.S. less Hear Jim Roemer’s interview last week calling for another frost for Brazil coffee and how floods, droughts, and freezes are affecting global markets. The White House is delaying policy changes for the Renewable Fuel Standards due to the two recent court rulings which has also weighed in on corn prices.
In the overnight electronic session, the December corn is currently trading at 543 ½ which is 3 ¾ cents lower.

Currencies

They come to silver (and gold) because the dollar is obviously, visibly, failing (though not via skyrocketing consumer prices). The dollar has (by far) the greatest quantity, and yet far from the least purchasing power.

Metals

In this visually stunning new infographic from BullionStar, we show the silver market as it really is, and the huge differences between physical silver and paper silver. Paper silver is altogether different, comprising securities and derivatives spanning unallocated, synthetic, and fractionally-backed claims that do not provide any ownership of real physical silver. Or else they are silver spruikers, trying to get you to buy silver, from which they may benefit.
If you were trying to build a bullish case for silver, based on its expected role in a new monetary system, this argument would undermine that case. In short, physical silver is a real tangible asset with intrinsic value, that has no counterparty risk and is difficult and costly to mine. less We’re seeing the argument, again, that silver stocks are being consumed in solar panels, medical applications, and of course, electronics. Either silver will likely play a role, and hence buying it now is a non-expiring call option on this expected monetary change.
So, logically, if stocks are decreasing, then silver is becoming scarcer, and they deduce that it is becoming more valuable. This led to a fascination for monetary gold and for researching, analysing and writing about the gold market. Therefore, the logic of silver becoming more valuable strictly on account of its decreasing quantity is broken. Also, as a corollary, the price of silver measured in dollars does not go up as a function of increases in the quantity of dollars.
Or else silver is being thrown away, forgotten and unlamented. More importantly, this argument argues that silver is being . Paper silver is not.

Oil

They are hoping not to have a repeat performance of 2020 decline do to the coronavirus as OPEC+ is starting to put more barrels on the market. On the Crude Oil Front, the market is being pressured by the coronavirus delta and slower China imports. In the overnight electronic session, the September crude oil is currently trading at 7166 which is 41 points lower.

United States

Investing.com Follow Despite past turbulence, Tesla (NASDAQ:TSLA) has been a great growth story for investors who remained faithful to the electric carmaker and its stock. Despite past turbulence, Tesla (NASDAQ:TSLA) has been a great growth story for investors who remained faithful to the electric carmaker and its stock. Even though the Fed has telegraphed its message of increasing rates in the future, Fed bond purchases have continued for the time being.
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. 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. From the Dallas Fed: Texas factory activity continued its robust expansion in July, according to business executives responding to the Texas Manufacturing Outlook Survey.
Last week, the consumer goods giant reported earnings that failed to impress Wall Street. Overall a surprisingly strong auction which negated any concerns about an incremental hawkish surprise out of the Fed on Wednesday.
Unheard of in the days when all Wall Street could say was “Buy”. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. We will hear from Fed Chair Powell on Wednesday with the FOMC statement and the subsequent conference call. The Dallas Fed on the TMOS importance: Texas is important to the nation’s manufacturing output.
He is a featured expert on CNBC, Bloomberg, and The Wall Street Journal, as well as other top-tier publications. less This morning the Dallas Fed released its Texas Manufacturing Outlook Survey for July. You will be charged $ + tax (if applicable) for The Wall Street Journal.

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