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

Scientists assessed corn for ethanol greenhouse gas (GHG) emission intensity or carbon intensity (CI) found a 23% reduction in CI’s. The study recently published in Biofuels, bioproducts, and Biorefining, analyzes corn for ethanol production in the United States from 2005 to 2019 when production more than quadrupled. In the overnight electronic session, the July corn is currently trading at 623 ¼ which is 3 cents higher.

Similarly, the weak US dollar is a sign of an improving US economy and is also not hurting Canada’s economic recovery. Thus, a strengthening Canadian dollar should not prevent Canada’s economy from continuing on a fairly strong recovery trajectory. In other words, this represented a huge increase in the Canadian dollar relative to the US dollar. less “The recent surge in the Canadian dollar is unlikely to crimp Canada’s economic recovery. The dollar staged a counter rally and managed to take back the 90 handle.

But, as a constant onslaught of stimulus from the Fed continued to buoy US markets, Gold prices got right back on that bullish trend and continued to rally. The next nine months were rough for Gold bulls as the yellow metal continued to claw back those Fed-fueled gains. Gold rallied through much of this, save for a quick but violent spike during March as matters were really becoming troubling around the spread of the virus. Gold illustrates this fairly well as the covid pandemic showed up squarely in the midst of a long-term bullish cycle in the precious metal.
less Just over a week ago, gold, the SPDR Gold Trust ETF (GLD) closed above its 200-DMA for the first time since February 1st. It was June when matters really heated up, and Gold prices went near-parabolic as they shot up to a fresh all-time-high in early-August. Some gold stocks have broken out already, while others appear to be on the verge of breaking out. Gold has been soaring and gold stocks have followed.
Gold actually started this cycle in Q4 of 2018, sparked by an off-hand comment from FOMC Chair, Jerome Powell. Gold and silver backed off a bit from their recent gains. These include (NYSE: IAG), (NYSE: KGC), and (NYSE: GOLD).

These troubling reports, along with climbing oil prices, supply bottlenecks, and selective shortages (especially of gasoline after a pipeline’s operations were interrupted) have been rattling some heretofore complacent investors. Tyler Cowen Exxon s Sea ChangeExxon Mobil is the living embodiment of Big Oil and its history of climate denialism.

So, when a bank has customers that need cash (assuming the bank doesn’t have any yet) they call on their local Fed Bank to issue them some cash. The sudden surge is reminiscent of late-January, when individual investors banded together to drive shares of companies once left for dead by Wall Street to unprecedented heights. less Investing.com Follow During the past year, Costco Wholesale (NASDAQ:COST) has been one of the favorite picks for investors.
During the past year, Costco Wholesale (NASDAQ:COST) has been one of the favorite picks for investors. On a short-term basis, the Fed can manage systemic cash flows via the use of repurchase agreements, more commonly known as repos. The Fed buys securities from primary dealers and agrees to sell them back at a predetermined date. The Fed sells securities to dealers with an agreement to buy them back at a predetermined date. The Fed didn’t create new money when they issued the cash to the bank.
Let’s start with a really basic problem in this meme – the Fed firing cash out of the money printer…. If the Fed is selling securities, that means that they receive cash in exchange for them. But the cash in the system isn’t really a function of Fed policy. At the time, the Fed had just hiked rates yet again, marking the sixth such move in the prior couple of years. The Fed increased its balance sheet in an unprecedented manner over the past year. The Fed helped change the composition of assets, but they didn’t change the quantity of the assets.
If the Fed is buying securities, it exchanges money for them. Brian Chappatta Florida s new law punishing social-media companies for banning people (Trump) is unconstitutional. Trump left it.Now there s a successor pact, the CPTPP, and President Joe Biden has a chance to join it. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.