Cattle Bouncing Back Higher on Tuesday

Live cattle futures are up $1.97 to $3.30 across most contracts at midday. Early bids of $228 are being reported which is just slightly lower than the $230-231 trade from last week. Feeder cattle futures are showing fro…

Read more →

Cotton Posting Modest Midday Strength

Cotton futures are trading with midday gains of 7 to 15 points on Tuesday, shrugging off early weakness. Crude oil is down another $4.10 per barrel, with the US dollar index down 0.224.

Read more →

Sinking Crude Oil Prices Weigh on Sugar

Sugar prices slid to 1-week lows on Tuesday and settled lower amid the plunge in crude oil prices. WTI crude oil (CLU26) sank more than -4% on Tuesday, adding to Monday’s -7% plunge, which undercuts ethanol prices and m…

Read more →

Stocks Mixed as Weakness in Chipmakers Deepens

The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.68%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.50%. September E-mini S&P futures (ESU26) are down -0.2…

Read more →

Corn Rallying Back on Turnaround Tuesday

Corn futures are deviating from the $4.01 losses in crude at midday with deteriorating conditions giving bulls a reason to take back the Monday losses. Contracts are up 7 to 8 cents on Turnaround Tuesday. The CmdtyView …

Read more →

Oversold Conditions For MBIA

In trading on Tuesday, shares of MBIA Inc. (Symbol: MBI) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $5.41 per share. By comparison, the current RSI reading of the S&P…

Read more →