Cotton Falls Back on Thursday
Thursday’s price action saw cotton futures pull back, closing down 40 to 47 points in the nearbys. Crude oil prices were down 77 cents so far on the day, with the US dollar index up $0.400 to $99.835.
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World’s largest olive oil company says market has 'definitively' entered new phase
Spain's Deoleo, the world's largest olive oil company, says a period of unprecedented volatility has unequivocally given way to more stable market conditions, citing an unlikely catalyst in helping to lift U.S. sales.
Read more →Gina Rinehart’s estimated A$700m profit from SpaceX IPO wiped out as stock price dips
Analyst says mining billionaire unlikely to be worried by lost paper profits after Elon Musk’s company dipped below its debut share price
Read more →Eli Lilly to Pay up to $3.8B for AtaiBeckley in Big Pharma’s Latest Psychedelic Foray
On Thursday, Eli Lilly announced an agreement to buy the psychedelic drugmaker AtaiBeckley for $2.8 billion upfront and pay up to $1 billion more if certain conditions are met. The deal gives the world's largest pharmac…
Read more →United Airlines stark warning could make your next flight more expensive
Anyone who has booked a flight lately knows fares are not cheap. The airlines' pricing data pattern over the last few months is unmistakable. Oil goes up, fuel costs surge, and airlines pass the pain to you.
Read more →China’s Moonshot unveils new open source AI model to rival US frontier offerings
The latest Chinese model trails U.S. competitors on benchmarks. But it may not have to win the performance race to reshape the geopolitics of artificial intelligence.
Read more →South Korea-US team unveils robotic technology that dresses the wearer
As part of a wave of new technologies, Nike announced the Therma-Fit Air Milano Jacket featuring a new version of Nike Air technology, a future-looking Project Amplify design that uses robotics to augment natural lower …
Read more →Corn Fades Back Loser on Thursday
Corn rounded out Thursday trade with contracts down 4 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 3/4 at $4.10 3/4.
Read more →Cattle Extends Losses on Thursday
Live cattle futures rounded out the Thursday session with contracts down $2.35 to $3.05. Cash trade started to pick up, with a few light northern sales of $378-380 dressed and live action reported at $238-240 by USDA, w…
Read more →Dollar Boosted by US Economic Strength and Hawkish Fed Comments
The dollar index (DXY00) rose by +0.27% on Thursday. The dollar rallied on Thursday as better-than-expected US economic reports signaled economic strength and lifted T-note yields. Weekly jobless claims unexpectedly fel…
Read more →Cocoa Prices Sink on Tepid European Cocoa Demand
September ICE NY cocoa (CCU26) on Thursday closed down -521 (-8.86%), and September ICE London cocoa #7 (CAU26) closed down -385 (-8.82%).
Read more →Cattle Hit Hard by Bears on Thursday
Live cattle futures are trading sharply lower at midday on Thursday, with a number of contract months down $3 per cwt or more. They posted $1.30 to $2.82 losses on Wednesday. Open interest was down 3,922 contracts, sugg…
Read more →Micron has turned into ‘the most important stock in the market.’ So is it time to worry?
According to Zhitong Finance, Micron Technology (MU.US) experienced a single-day share price plunge of 13% on Tuesday, with its stock trajectory closely watched as the June 26 options chain is pricing in another sharp m…
Read more →Oil rises as Iran threatens retaliation if Trump targets country's critical infrastructure
Oil prices rose Friday as investors weighed escalating tensions between the United States and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike the…
Read more →Hogs Close Thursday with Strength
Lean hog futures posted 20 to 60 cent gains in most contracts, with August down a nickel. USDA’s national base hog price was reported at $100.26 on Thursday afternoon, down 40 cents from the day prior. The CME Lean Hog …
Read more →SoftBank sinks 8% as Japanese chip stocks track Wall Street AI sell-off
Japanese tech stocks tumbled on Friday as a fresh rout in U.S. semiconductor shares spread across Asia, underscoring growing worries about AI spending.
Read more →Elon Musk's Memphis AI empire is the epicenter of the data center backlash
Two years after Elon Musk made Greater Memphis the center of his artificial intelligence ambitions, building data centers and energy infrastructure at breakneck speed, residents are grappling with unwanted effects, incl…
Read more →Analysis-Trump threatens new Iran escalation and risks repeating old mistakes
Since first taking office, US President Donald Trump has been right on Iran more often than his critics care to admit.
Read more →Seven & i shares jump 4% on report of stake talks with Polish convenience chain Zabka
Seven & i Holdings Co. shares gained over 4% Friday after a Nikkei report said the 7-Eleven parent was nearing a deal to buy a stake in Polish convenience giant Zabka Group.
Read more →SpaceX aborts Starship test flight, sending stock lower
SpaceX scrubbed the launch of its Starship mega rocket on Thursday, with CEO Elon Musk pledging to make another attempt "hopefully in a few days."
Read more →Wheat Corrects Lower with Modest Tuesday Losses
The wheat complex slipped back on Thursday, with contracts marginally lower. Chicago SRW contracts saw nearby losses of 1 to 3 cents on the day. KC HRW futures posted front month losses of 2 to 3 ½ cents on the day. MPL…
Read more →Corn Fades Back Loser on Thursday
Corn rounded out Thursday trade with contracts down 4 to 6 cents across most contracts. The CmdtyView national average Cash Corn price was down 6 3/4 at $4.10 3/4.
Read more →Soybeans Give Back Some Recent Gains on Thursday
Soybean futures were weaker on Thursday, with contracts down 6 to 7 ¼ cents on the day. The cmdtyView national average Cash Bean price was down a penny at $11.55. Soymeal futures were $2.00 to $4.00 higher at midday, wh…
Read more →Cattle Extends Losses on Thursday
Live cattle futures rounded out the Thursday session with contracts down $2.35 to $3.05. Cash trade started to pick up, with a few light northern sales of $378-380 dressed and live action reported at $238-240 by USDA, w…
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