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Commodity News

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Fri, Jul 26th, 2024
How weather & the outside markets are affecting sugar, cocoa, coffee, and cotton prices

Jim's video recaps his price forecasts for the major soft commodity futures markets

CCU24 : 8,038s (+2.99%)
CAU24 : 6,515s (+1.88%)
SBV24 : 18.42s (-1.29%)
CANE : 11.32 (-0.44%)
KCU24 : 230.25s (-1.90%)
RMU24 : 4,302s (-2.12%)
CTZ24 : 67.99s (-1.32%)
Why some heat & dryness in the western corn belt may not be enough for any major bull market

Jim's take on the key weather fundamentals for grains

ZSX24 : 1048-4s (-2.87%)
SOYB : 22.62 (-2.92%)
TAGS : 25.18 (-1.95%)
ZCZ24 : 410-0s (-2.55%)
CORN : 18.02 (-2.17%)
DBA : 23.90 (-0.13%)
ZWU24 : 523-4s (-2.65%)
KEU24 : 545-4s (-2.85%)
WEAT : 4.92 (-2.19%)
Soybeans Collapse on Friday as Bulls Limited Ammo Dries Up

Soybeans gave back all of the gains in the August contract for this week and most of November’s on Friday, as contracts fell 28 to 38 ½ cents into the close. Product pressure was in play, especially...

ZLZ24 : 41.83s (-5.30%)
ZMZ24 : 324.7s (-1.37%)
ZSQ24 : 1077-4s (-3.45%)
ZSPAUS.CM : 10.5001 (-3.60%)
ZSU24 : 1042-0s (-3.02%)
ZSX24 : 1048-4s (-2.87%)
ZSPX24US.CM : 9.9244 (-3.05%)
Cotton Heads Lower on Friday

Cotton futures were pulled lower on Friday, as contracts were down 72 to 116 points on the day. The outside markets had some effect, as crude as down $1.85/barrel on the session. CFTC data showed managed...

CTV24 : 66.07s (-1.70%)
CTZ24 : 67.99s (-1.32%)
CTZ24 : 67.99s (-1.32%)
Wheat Fall to New Low on Friday

The wheat complex was in near free fall mode heading into the weekend, with losses across the three exchanges. Chicago SRW futures were down 13 to 15 cents. Kansas City HRW contracts were 16 cents lower...

ZWU24 : 523-4s (-2.65%)
ZWZ24 : 548-4s (-2.49%)
KEU24 : 545-4s (-2.85%)
KEZ24 : 562-0s (-2.77%)
MWU24 : 588-4s (-2.53%)
Corn Gives Back Gains on Friday as Bears Resume Selling

Corn futures ended the Friday session with losses 10 to 11 ½ cent losses across most contracts. The weekly gain for September was 4 cents as Dc was up just over a nickel. The weekly Commitment of Traders...

ZCU24 : 394-4s (-2.83%)
ZCPAUS.CM : 3.8679 (-2.96%)
ZCZ24 : 410-0s (-2.55%)
ZCZ24 : 410-0s (-2.55%)
ZCPZ24US.CM : 3.8169 (-2.73%)
Cattle Post Mixed Trade, with Feeders Rallying

Live cattle futures saw mixed trade on Friday, with contracts anywhere from 37 cents lower to 50 cents higher. Cash trade was quiet this week, with a few sales of $190 in the South and $197-198 in the...

LEQ24 : 188.575s (-0.17%)
LEV24 : 188.550s (-0.03%)
LEZ24 : 189.300s (+0.21%)
GFQ24 : 259.700s (+0.42%)
GFU24 : 259.600s (+0.66%)
GFV24 : 258.300s (+0.48%)
Key Level's to watch on Bitcoin and Gold Futures

Discover insider insights on your favorite Precious Metals, uncover overnight developments, and gain expert analysis on what to watch for every trading day.

Dollar Slightly Lower as T-note Yields Fall After Dovish US Deflator

The dollar index (DXY00 ) on Friday fell slightly by -0.05% in lackluster trading. The dollar was undercut by Friday's -5.1 bp decline in the 10-year T-note yield to 4.190%, which followed the dovish...

DXY00 : 104.316s (-0.04%)
^EURUSD : 1.08559 (+0.09%)
^USDJPY : 153.763 (-0.11%)
GCQ24 : 2,381.0s (+1.17%)
SIU24 : 28.020s (+0.16%)

Tweets @Barchart

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BREAKING 🚨: Wheat Wheat falls to lowest price since August 2020 https://t.co/xXmvccvdwL https://t.co/nPMR2EH700
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Gold Funds have seen the biggest 2-week inflow since March 2022 🪙 https://t.co/C014cQOAtb
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U.S. Home prices hit record high of $426,900! We did it 🥳🫡🫂 https://t.co/WiIeJaFjBc
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Nasdaq $QQQ closes below the 50D moving average for the first time since May 👀 https://t.co/7jYare8f8Y
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Paypal $PYPL - not a great chart since April https://t.co/vLP0R0ccps
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That hurts - Dexcom $DXCM https://t.co/sR0DeANOUW
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Japanese Stocks enter technical correction after suffering largest decline yesterday since June 2021 https://t.co/kts9Tf19T6
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Chinese Stocks on track for their worst week since February 🚨 https://t.co/u8wI8OZoFs
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Walgreens $WBA considering its first ever junk bond sale https://t.co/YIZEDdLQpX
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China's 10-Year Bond Yield falls to an all-time low 🚨 https://t.co/QjYW32Qcuj

Chart of the Day

Bgc Partners Cl A (BGC)

The Chart of the Day belongs to the financial services company BGC Group (BGC) . 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 the...
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