Daily Close | Forex, Metals, Oil, Agriculture June 10, 2021

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Agriculture

Some rains would be very beneficial for planting and initial growth of the Spring Wheat while the drier but still wet weather would help Winter Wheat crops. Corn prices are high so demand for feed wheat could increase. Spring Wheat areas of the US and Canada should get some showers, but mostly in Canada.

Currencies

That’s partly due to the euro zone’s strong economic recovery and spillovers from the U.S., where inflation has soared. Oil prices may also stay high because of the weaker dollar, but we’ll come back to that. Also, getting that multi-hundred-dollar water bill in the summer really drives you to find a more sustainable and simpler sprinkler solution.

Metals

Gold and silver also advanced, finishing near their highs for the day, but still just short of breakouts.

Oil

31, top sectors included electric power and transmission (44.46%), natural gas transmission (23.68%), petroleum product transmission (19.78%) and crude oil transmission (6.70%). It will take a few years and increased production for high oil prices to cure high oil prices. Low oil prices preceding the pandemic were already coiling the spring under oil prices, and COVID coiled it further. These businesses are typically involved in the exploration, production, processing, refining or transportation of natural resources, like oil, gas and renewable energy sources.
Global oil demand is projected to peak in coming years, which could mean projects like Keystone could eventually outlive their utility, Ms. Jaffe said. It takes a considerable amount of time to increase production of industrial commodities that are deep in the ground – oil, for instance. Oil and gas MLPs own different assets.

United States

The Fed along with most mainstream economists assure us high inflation is just a temporary anomaly caused by base effects from last year’s economic crisis. Zoom was one of the biggest pandemic winners on Wall Street last year. Those days are coming to an end.With $21 trillion in debt, the U.S. government needs a credible Fed to help keep interest rates low, writes Brian Chappatta. Costlier lumber added $36,000 to the construction cost of a house, and the median price of a new house in the US is now about $350,000.
: $25.53: $17.88 – $25.67 5.17% 0.60% per year Our first fund comes from outside the US. That could include a demonstrable willingness to fight inflation.Further ReadingMerrick Garland s Donald Trump defense is knee-jerk institutionalism, and not in a good way. I immigrated to the US from Russia in 1991 with all my family – my three brothers, my father, and my stepmother. The Fed says it expects them to be temporary. Source: BLS, Atlanta Fed, Cleveland Fed, via FRED, and author’s calculations.
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Europe

Likewise, Lagarde insisted that price pressures in the economy “remain subdued” even as she unveiled forecasts that showed faster growth and inflation this year and next. The ECB has a habit of slowing bond-buying during August amid concerns that a larger presence would overwhelm the market.

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