Open: New York Session | Forex, Metals, Oil, Agriculture October 14, 2022



Trader profits | Bunge’s 2022 net income will probably fall against a record-high 2021 profit, even if soybean crush margins stay at current elevated levels, Bloomberg Intelligence says. American farmers are set to export the least wheat in 50 years this season.Rail ThreatThere s also the risk of a railway strike. The reimagined filling station is now a place with coffee, snacks, and space to hang out while recharging the car. Worries about future of the agreement are supporting wheat prices, though there s been contradictory messaging from Russia.


Today we look at concerns about the all-powerful dollar voiced at a gathering of global economic chiefs in Washington, the state of t View in browser Hello. Transmission Channels The Fed s stance had already been driving the dollar against all its major peers, and many not-so-major ones. The dollar rallied, pulling all G-10 currency majors down. Money is gushing in, with firms tied to billionaires like Ray Dalio and Mukesh Ambani setting up offices and foreigners scooping up million-dollar condos.
Developing nations with big dollar-debt burdens face rising repayment risk. Euro area officials are also contending with diminished purchasing power.


Gold and oil fell, while Bitcoin rose.


The West African nation tops the list of strong performers dominated by countries including the Democratic Republic of Congo and Uganda seeking to become major oil and gas exporters. More financing will be sourced from other nations, as well as sovereign wealth funds and national oil companies, he said at a meeting in Angola. The Greater Tortue Ahmeyim liquefied natural gas project in Senegal and Mauritania is set to start shipping its first gas in 2023. They need oil and gas resources to do it.
It s a question that Shell, the world s biggest gasoline retailer, has been considering. An under-construction barge at the Mahathi Infra Uganda oil logistics complex on the shore of Lake Victoria in Entebbe, Uganda. More reads What will gasoline stations look like when combustion-engine cars disappear?

United States

Veggie burger | ADM and Marfrig plan to expand sales of their veggie burger to the US market after launching in Brazil last year. Photographer: Adam Glanzman for Bloomberg Green Ideally, these satellites can help anticipate freak events like the hurricane that shocked the US Open last year. The Trump administration, for its part, targeted Huawei Technologies Co. and its fellow Chinese telecom ZTE Corp. with what were at the time unprecedented sanctions.
Bespoke s Fedspeak Monitor, which grades Fed speakers by the hawkishness or dovishness of their respective speeches, now rates the average Fed speech at 1.17, or slightly hawkish. With higher rates come an increased risk of recession, with JPMorgan CEO Jamie Dimon saying a soft landing is unlikely for the US economy. Earnings ahead US futures eked out small gains, with traders awaiting key earnings reports from big Wall Street banks. S&P 500 futures climbed 0.2% and Nasdaq 100 contracts were little changed as of 6:39 a.m. New York time.
Then Yellen endorsed a stronger greenback to confirm that it can keep climbing at least as long as the Fed is hiking. That would be bad for the US, but it also has spillover impacts for the rest of the world. House Speaker Nancy Pelosi said in a video shot during the insurrection that she wanted to punch Trump if he showed up at the besieged Capitol.


An intersection near a bridge where social media videos appeared to show smoke and protest banners in Beijing yesterday.