Daily Close | Forex, Metals, Oil, Agriculture November 16, 2020



U.S. corn commit is near 34.1 (mmt) vs. 12.4 (mmt) last year. Most of the foreign importers are already trying to get a feel for U.S. corn prices in 2021. In the overnight electronic session, the December corn is currently trading at 412 ½ which is 2 cents higher. Reports indicate that some Cotton could have been damaged in Georgia and the Carolinas and into eastern Virginia due to the excessive rains caused by the hurricanes. On the Corn front, the December contract settled at 410 ½ in Friday’s action.
There are expectations of 2021 corn acreage. General Comments: Cotton closed little changed for the week.


With a trillion-dollar market, one would think that over time IBM could get at least 5%, or $50 billion. One of the big numbers that popped out at the split conference call was the fact that IBM sees hybrid cloud as a trillion-dollar market. The wave of online censorship has been overseen by US intelligence agencies, the State Department, and Silicon Valley corporations that maintain multibillion-dollar contracts with the US government. Ultimately, TTOO could grow into a multi billion-dollar valuation.


In addition, the 2019 mine plan used US$1225 an ounce gold and $17 silver for estimates of mine profitability. Gold and silver should continue to have the wind at their back, as the primary purpose of monetary metals is to hedge excessive fiat currency devaluations. Today, both precious metals have moved dramatically to the upside vs. early 2019 to $1,900 gold and $25 silver. SilverCrest has been busy drilling for new veins of gold/silver and consolidating its land holdings, including mining rights in the area during 2020.
Another argument to contemplate ownership, the company is a top takeover target in the gold/silver exploration sector. (NYSEMKT:SILV) is a Canadian gold/silver exploration company, owning the high-grade Las Chispas property under development in Sonora, Mexico.


Africa Oil Corp. Africa Oil Corp. is effectively an oil holding company with an exciting and distributed portfolio of assets. Africa Oil Corp.’s risk is the same as that of all other oil companies, however, the company is much more protected from it than other major oil companies. Africa Oil Corp. Kenya – Africa Oil Corp. Investor Presentation Africa Oil Corp. has significantly completed the export of Kenya’s 1st ever oil cargo, a massive accomplishment. The company’s core assets continue to perform and grow, although one of the company’s major Kenyan partners, Tullow Oil (OTCPK:TUWLF) has continued to struggle.
Africa Oil Corp. Pillars – Africa Oil Corp. Investor Presentation Africa Oil Corp. is focused on production and cash flow, exploration, and growth. Among the company’s most impressive assets are the company’s Nigerian oil assets. Africa Oil Corp. Overview – Africa Oil Corp. Investor Presentation Africa Oil Corp. has a respectful portfolio of reserves and production.
The company did one of the best hedging programs, related to its production, of arguably any oil company worldwide. Also, North America represented the largest oil spill management market in 2015 and is expected to increase its share due to increased deep sea exploration & production activities. Africa Oil Corp. has nearly 40 thousand barrels/day of production attributable to it as a company, which is market leading. All of these other developments could drive massive returns for Africa Oil Corp. Africa Oil Corp. is focused on driving strong long-term shareholder returns.
Going forward, we expect the company to continue generating strong cash flow from its nearly 15 million barrels of annual production with operating expenditures of just over $5/barrel. The company has 85 million barrels of 2P reserves, a market capitalization to reserve ratio of ~$4/barrel, with nearly 40 thousand barrels of entitlement production. Shareholder Returns – Africa Oil Corp. Investor Presentation Africa Oil Corp. has been focused on aggressively restructuring and paying down debt.
Outside of its main assets, Africa Oil Corp. has a number of other exciting assets worth paying close attention to.
The company’s Nigerian oil portfolio has continued to heavily outperform. Africa Oil Corp. has an impressive portfolio of assets we recommend paying close attention to. The company’s recent accomplishments off of South Africa led to the farm-ins from major oil companies. Africa Oil Corp. has continued to outperform here, which will help drive continued impressive cash flow. The market opportunity for oil spill remediation is large and expected to grow at a moderate rate in the coming years.

United States

According to BofA, “it seems reasonable that cases could double over the next month”, which again, would be just the kind of crisis the Fed needs to expand QE. So if vaccine data was the catalyst, then more positive vaccine news will clearly aid this inflection point, and today’s announcement by Moderna (NASDAQ:MRNA) was just another validation point. Groups like the Lincoln Project targeted law firms and launched a campaign to force lawyers to abandon Trump as a client.
As our colleagues in interest rate strategy recently noted, the Fed could potentially double the weighted average maturity of their current purchases. Source: Global X The Nasdaq Buy-Write Index is computed with options written on 100% of the underlying holdings, and QYLD follows this methodology as well. Though consolidation is the order of the day in the banking sector – in the US as well as Europe – the decision to buy Wirecard is certainly curious. Today, we examine Global X NASDAQ 100 Covered Call ETF (NASDAQ:QYLD) to see if it can make a sound investment.
The Fund “writes” (or sells) a succession of one-month at-the-money NASDAQ-100 Index covered call options. As such, organizations dealing in payment services, like PayPal (NASDAQ: PYPL) and other payments companies, are, I believe, going to play important roles in the future banking system. As Trump lawyers began to file cases, alleging everything from deceased voters to biased authentication, the solution became clear: What is most unsettling is that .
Finally, Trump admitted he had lost the election Sunday but then reversed himself with new unsustainable claims of fraud. That means neither the EU nor the US, the world’s traditional trade superpowers, will have any voice when Asia sets its trading rules.” The problem was that we had not even seen the Trump campaign’s filings or evidence. Options are sold directly on the Nasdaq index rather than on individual holdings. We also understand why Governors across the US are hesitating to reimpose strict restrictions.”
This effort resulted in Twitter blocking the Lincoln Project for targeting individual Trump lawyers in a tweet (accompanied by a skull-and-crossbones emoji) that was deemed threatening and abusive. ” However, the effort to intimidate lawyers representing Trump or his campaign is not about vengeance. It is an ironic twist: For years, many of us marveled at how guilty Trump looked in his efforts to bully accusers and scuttle the Russia investigation.
“That creates an investment opportunity” he added hoping that the PBOC would do what the Fed did in March and backstop the distressed issuers.
The best thing for Trump would have been to support a full, open investigation.


Right now, the United States and the European Union are on the outside of this development that is going to impact one-third of the world. The United States and the European Union will not have a voice in the setting of new trading rules.