Our Sr. Market Strategist Phil Streible explains the wild ride on Wall Steet this week. Phil discussed on CBS this morning how the U.S. economy has truly become global.
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U.S. Stocks in Broad Rally – Wall Street Journal New Jobless Claims Rise Unexpectedly to 627k – RealClearMarkets Durable Goods Much Better Than Expected – Wachovia Gold Rises for Third Day – Bloomberg Wheat Falls to Eight-Week Low – Bloomberg U.S. Crisis is Like Japan’s, Only 7 Times Faster – Newsweek Regulatory Reform: A Primer [...]
Thirsty Corn Setting up For Bounce By Phil Streible Corn futures are ticking higher this morning, as a late start to planting and dry August weather could be setting up for a fall bounce. From a technical point of view, the chart pattern looks set up for a move above the 50-day moving average, which [...]
The U.S. dollar’s affect on commodity markets can’t be overlooked. It’s part of the reason (along with demand) that commodities have been in a bull market. Lind Plus Senior Market Strategist Matt Roma presented a webinar yesterday on how the dollar affects the energies, grains and softs. You can view the webinar below or read [...]
Corn jumped to new highs today as flooding in the Midwest damaged the crop. Corn surged 3.5 percent to a high of $7.91 a bushel in early morning trading. Soybeans, wheat and rice also made gains.
Corn prices hit record highs today trading as high as $7.03 a bushel in the July futures contract. Weather concerns and continued strong demand in Asia have propelled corn prices in the past week. Lind Plus Senior Strategist Carol Hurley expects the bull market in grains to continue. You can read her commentary here.
