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Soft Commodities
Sugar Prices Decline on the Prospects of Widening Global Surpluses
March NY world sugar #11 (SBH26) on Friday closed down -0.43 (-2.93%), and March London ICE white sugar #5 (SWH26)…
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Soft Commodities
Cotton Fell Lower on Friday
Cotton futures posted losses of 30 to 46 points on Friday, with March down 64 points this week. Crude oil…
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Soft Commodities
Wheat Slips Lower into Friday’s Close
The wheat complex gave into weakness on Friday, as a $0.893 gain in the dollar index added some pressure. Chicago…
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Soft Commodities
Soybeans Close January with Losses
Soybeans posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower…
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Soft Commodities
Corn Slips Lower to Close Out January
Export Sales data now has corn commitments at 57.694 MMT, which is 33% above the same period last year. That…
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Markets
Warsh weighs on the gold and silver as dollar debasement trade on pause
Donald Trump announced that Kevin Warsh would be his pick to replace Jerome Powell as Fed chair. He was one…
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Markets
Earnings – Lockheed Martin at The Peak of Global Tensions And Valuations
Ahead of Thursday’s session open, one of the giants of the U.S. defense industry released its results. Market expectations were…
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Markets
EUR/USD Moves Lower Amid U.S PPI Inflation Report
Final US PPI (m/m) for December: 0.5% (forecast 0.2%; previous 0.2%) Final PPI (y/y): 3.0% (forecast 2.8%; previous 3.0%) Core PPI excluding…
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Metals
Gold Plunges 5% – Precious Metals Slide Into Correction
Mass profit-taking and mounting pressure on leveraged long positions are weighing on precious metals today. Gold is down nearly 5%, and…
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Banks
GBPUSD: Soft performance amid political risks – Scotiabank
The GBP is soft against the USD, underperforming most G10 currencies in quiet trading. Political risks remain a concern, particularly…
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