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Cotton Trading Mixed on Wednesday

The cotton market is trading mixed at midday, with July back up 73 points. Other contracts are within 5 points of unch, with the exception to the thinly traded October contracts. The outside market factors...

CTN24 : 75.35 (+0.96%)
CTV24 : 75.08 (-0.66%)
CTZ24 : 74.25 (+0.09%)
Soybeans Holding Above UNCH Despite Bearish NOPA Data

Soybeans are holding above steady on the midweek session, as contracts are up 1 to 5 ¾ cents despite an ugly April crush number from NOPA. Soymeal futures are up 50 cents/ton. Soy Oil is back 62 to 67...

ZMN24 : 371.5 (-0.48%)
ZLN24 : 43.42 (+0.05%)
ZSN24 : 1212-4 (-0.16%)
ZSPAUS.CM : 11.4980 (-0.16%)
ZSQ24 : 1215-2 (-0.25%)
ZSX24 : 1200-0 (-0.41%)
ZSPX24US.CM : 11.3818 (-0.44%)
Hog Mixed on Wednesday

Lean hogs are mixed on Wednesday, with June down 70 cents, with other contracts slightly above unch. USDA’s National Average Base Hog negotiated price was up $1.17 from the Tuesday afternoon print at...

HEM24 : 97.500s (-0.84%)
HEN24 : 100.875s (-0.05%)
HEQ24 : 100.025s (+0.13%)
Corn Fades Off Early Strength to Midday Losses

Corn shot higher in early morning trade, but are fading lower on Wednesday. Contracts are down 3 to 4 cents across most nearby months at midday. EIA data from this morning showed that 1 million barrels...

ZCN24 : 462-2 (-1.12%)
ZCPAUS.CM : 4.3855 (-1.23%)
ZCU24 : 473-0 (-1.05%)
ZCZ24 : 486-4 (-0.92%)
ZCPZ24US.CM : 4.5731 (-0.96%)
Wheat Well Off Session Highs at Midday

The wheat complex is fading the early double digit gains with losses reported at midday. Chicago contracts are down 5 to 6 cents in the front months. Kansas City futures are down 5 to 7 cents at the midday...

ZWN24 : 665-2 (-1.08%)
ZWU24 : 685-6 (-1.08%)
KEN24 : 675-0 (-1.21%)
KEU24 : 688-6 (-1.18%)
MWN24 : 726-6 (-0.89%)
Cattle Holding Higher on Wednesday’s Midday

Live cattle are extending the week’s gains, as contracts are up 17 to 50 cents at midday. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,352 head...

LEM24 : 178.250s (+0.04%)
LEQ24 : 176.525s (+0.23%)
LEV24 : 179.700s (+0.20%)
GFK24 : 243.150s (-0.05%)
GFQ24 : 255.875s (+0.08%)
GFU24 : 256.950s (+0.13%)
Sugar Prices Retreat as Brazil Ramps Up Sugar Production

July NY world sugar #11 (SBN24 ) this morning is down -0.19 (-1.01%), and Aug London ICE white sugar #5 (SWQ24 ) is down -8.80 (-1.59%). Sugar prices this morning are moderately lower but remain above...

SBN24 : 18.65s (-1.17%)
SWQ24 : 542.30s (-1.93%)
US inflation eased last month in the first slowdown of 2024

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve...

$SPX : 5,302.97 (+1.07%)
$DOWI : 39,853.72 (+0.75%)
$IUXX : 18,594.48 (+1.48%)
Retail sales were unchanged in April from March as inflation and interest rates curb spending

Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome

AMZN : 184.95 (-1.13%)
$SPX : 5,302.97 (+1.07%)
$DOWI : 39,853.72 (+0.75%)
$IUXX : 18,594.48 (+1.48%)

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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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Nvidia $NVDA surging to highest price since March https://t.co/RAcT4K6ygi
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj
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JUST IN 🚨: Orange Juice hits all-time high https://t.co/6s5pd5sgtT https://t.co/qb9RGjCcb8

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Chart of the Day

Universal Stainles (USAP)

The Chart of the Day belongs to basic metals company Universal Steel & Alloy (USAP) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
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