Market News
SLV vs. SILJ: How Do These 2 Silver ETFs Compare?
Barchart2 minutes ago
As the silver market heats up amid simmering inflation and robust industrial demand, let's compare two popular silver ETFs - the iShares Silver Trust and the Amplify Junior Silver Miners ETF.
Thune: Free Trade Agreements needed for ag
Brownfield Ag News8 minutes ago
U.S. Senator John Thune from South Dakota told U.S. Trade Representative Katherine Tai in a hearing on Wednesday the agriculture industry needs more new Free Trade Agreements. “You say we’ve got a different approach to trade and I understand that approach is grounded in things other than market access, but...
Cocoa Prices Consolidate Below Recent Record Highs
Barchart10 minutes ago
May ICE NY cocoa (CCK24 ) on Wednesday closed up +97 (+0.95%), and May ICE London cocoa #7 (CAK24 ) closed up +195 (+2.26%). Cocoa prices posted moderate gains Wednesday as they consolidated below this week's record highs. Cocoa prices sold off sharply Tuesday on concern about global demand destruction...
Sugar Prices Close Moderately Lower as Supply Prospects Improve
Barchart12 minutes ago
May NY world sugar #11 (SBK24 ) on Wednesday closed down -0.31 (-1.58%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -10.70 (-1.88%). Sugar prices Wednesday extended their 2-week plunge, with NY sugar posting a 15-month low and London sugar posting a 14-month low. Improved supply prospects...
Coffee Prices End Sharply Higher on Global Crop Concerns
Barchart14 minutes ago
May arabica coffee (KCK24 ) on Wednesday closed up +11.20 (+4.73%), and May ICE robusta coffee (RMK24 ) closed up +229 (+5.72%). Coffee prices Wednesday rallied sharply, with arabica coffee jumping to a 2-year high and robusta coffee soaring to a new all-time high. Coffee prices have surged over the...
Japan a strong customer of U.S. pork
Brownfield Ag News40 minutes ago
An Iowa pork producer tells Brownfield the U.S. trade agreement with Japan is yielding strong results. Trish Cook says the Japanese purchased about $1.5 billion worth of pork from the U.S. in 2023. “We’re really proud to be able to produce a delicious product, and in Japan they really like...
Port of Baltimore slowly reopening
Brownfield Ag News56 minutes ago
The chief ag negotiator in the Office of the U.S. Trade Representative says shipping channels are slowly reopening at the Port of Baltimore following the collapse of the Francis Scott Key Bridge in March. Doug McKalip says “by the end of April, they’ll have a 35 foot channel open to...
Overcoming market barriers with Brazil
Brownfield Ag News56 minutes ago
U.S. Trade Representative Katherine Tai told the Senate Finance Committee on Wednesday the Biden administration is working with Brazil to overcome market access barriers for U.S. ethanol, including the 18% import tariff. “Our objective is to make sure ethanol can once again compete on a level playing field with domestically...
3 Safe Haven Stocks to Own in an Unpredictable Market
Barchart1 hour ago
Even though 2024 kicked off strong, recent macroeconomic uncertainties highlight the need for resilient investments. These three “safe haven” stocks are worth considering for hedging against the market downswings.
Ethanol production lowest since mid-January
Brownfield Ag News1 hour ago
U.S. ethanol production fell to a 12-week low last week. The U.S. Energy Information Administration says production averaged 983,000 barrels a day, down 73,000 on the week due to seasonal maintenance and 41,000 less than last year. Iowa State University’s Center for Agricultural and Rural Development says estimated operating margins...
Bean’s water export bill on-hold in MO Senate
Brownfield Ag News1 hour ago
The chairman of Missouri’s Senate Agriculture Committee a bill he’s sponsoring that would require permits for any water exported out of Missouri has been laid over in the Senate. Jason Bean tells Brownfield Senate Bill 782 had floor time this week, but the language is too confusing for some and...
Senate Finance Committee: ag needs real trade agenda
Brownfield Ag News1 hour ago
The leaders of the Senate Finance Committee told U.S. Trade Representative Katherine Tai in a hearing Wednesday U.S. agriculture needs a real trade agenda. Ranking Member Mike Crapo from Idaho referenced a letter sent by commodity groups to USTR this week and said dispute settlement reform is also needed “so...
Midday cash livestock markets
Brownfield Ag News1 hour ago
Direct cash cattle trade activity remains quiet. Bids are elusive. Asking prices are around $184 to $185 live in the South, while still not established in the North. Some business may develop before the end of the day. But, significant trade volume is likely going to hold out until sometime...
Large Unusual Call Options Activity in AIG Stock Highlights Its Value
Barchart1 hour ago
Today, large tranches of near-term out-of-the-money (OTM) call options have traded in AIG stock, the $50 billion market cap insurance company. This serves to highlight how cheap the stock is now.
Cotton Falling at Midday
Barchart1 hour ago
Midday action in the cotton market is showing losses of 48 to 198 points so far on Wednesday, as the trend remains lower. Pressure is being felt from the crude oil side of things, with futures down $2.79 at midday. ICE certified cotton stocks were up another 2,269 bales on...