Agriculture
Last week’s US producer planting intentions dramatically surprised the markets when the USDA data was sharply lower than trade’s expectations for 2021’s corn (CORN) and soybeans (SOYB) seedings. China’s second buying spree last month suggests that the USDA will up corn’s exports by 200 million bu. However, this will likely be handled by upping corn’s feed & residual by 50 million bu. Corn’s March 1, stocks were 66 million bu. soybean stocks were 30 million higher than the trade’s estimate.
Currencies
It gained $2.12 the previous session to USD 64.86 a barrel.ForexThe dollar declined to 110.58 yen from Thursday’s 110.63 yen. The euro retreated to USD 1.1769 from USD 1.1773.
Oil
Brent crude, used to price international oils, fell 43 cents to USD 64.43 per barrel in London. Gradually rising demand across all vessel categories have mainly aided the area and the related fund.
United States
The latest quarterly stocks data along with the US domestic & export trends will update the April 9, US old-crop balance sheets. 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. The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. Overall, S&P 500 Index, the Dow Jones, the Nasdaq and the Russell 2000 gained about 6.2%, 9%, 1.5% and 12.1% respectively, in the quarter (as of Mar 30, 2021).
Unheard of in the days when all Wall Street could say was “Buy”.
0 Unheard of in the days when all Wall Street could say was “Buy”.
