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AgMaster Report - Wednesday, July 19
Article By:
Bill Moore
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Wednesday, July 19, 2023 2:24 PM EDT
In the past 2 weeks, August Hogs have consolidated a $26 rally (74-100) from late May until late June, but warning lights are flashing.
Softs Report - Wednesday, July 19
Article By:
Jack Scoville
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Wednesday, July 19, 2023 1:34 PM EDT
Cotton closed a little higher in consolidation trading as very hot and dry weather returned to Texas and the Southwest.
In this article: BAL (RETIRED), NIB (RETIRED), JO (RETIRED), SGG (RETIRED)
S&P 500 Keeps Rallying But Correction May Be Coming
Article By:
Paul Rejczak
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Wednesday, July 19, 2023 9:27 AM EDT
The S&P 500 extended its short-term advance yesterday and this morning it is likely to open virtually flat.
In this article: SPX
The Commodities Feed: Middle Distillates Firm Up
Article By:
ING Economics
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Wednesday, July 19, 2023 5:53 AM EDT
US economic data proved supportive for crude prices yesterday by signaling that the Federal Reserve could now be nearing the end of its rate hiking cycle. Today's calendar is fairly quiet, with just the usual EIA inventory numbers to note.
In this article: BNO, JJC (RETIRED), JJU (RETIRED), UNG
Grains Report - Tuesday, July 18
Article By:
Jack Scoville
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Tuesday, July 18, 2023 12:42 PM EDT
Rice closed lower again and appears to be setting up a rather large trading range.
Gold Price Attracting Buyers Above $1,960
Article By:
Yohay Elam
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Tuesday, July 18, 2023 10:04 AM EDT
The gold price rallied after marking lows below $1,950 yesterday. The metal is trading at $1,961 at the time of writing. The bias is bullish as the US dollar remains offset.
Iron Ore Prices Rebound, Copper Sinks
Article By:
The Private Banker
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Tuesday, July 18, 2023 8:14 AM EDT
Prices for 63.5% iron ore cargos in Tianjin climb above $111 per ton, recovering from a one-month low, driven by hopes of stronger demand.
In this article: COPX, JJC (RETIRED)
WTI And Brent Crude Futures Steady As US Oil Supplies Tighten
Article By:
The Private Banker
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Tuesday, July 18, 2023 7:13 AM EDT
WTI crude futures stabilize above $74 per barrel on Tuesday as US oil supplies show signs of tightening, with data indicating a projected drop in US shale oil production to around 9.4 million barrels per day in August.