Abundant Supplies and Slack Demand Undercut Cocoa Prices
December ICE NY cocoa (CCZ25) on Wednesday closed down -179 (-2.90%), and December ICE London cocoa #7 (CAZ25) closed down -79 (-1.85%).Cocoa prices extended their sharp 2-month-long selloff on Wednesday,…
Dollar Gains as the Euro and Yen Retreat
The dollar index (DXY00) on Wednesday extended this week's rally and rose by +0.32% to a 1.75-month high. Political uncertainty in France and Japan is undercutting the euro and yen,…
Stocks Power Higher on AI Optimism
The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.58%, the Dow Jones Industrials Index ($DOWI) (DIA) closed unchanged, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.19%. December E-mini S&P futures…
Corn Posts Gains on Wednesday as Ethanol Output Rebounds
The corn market closed with gains across most contracts on Wednesday, with contracts 1 to 2 ¼ cents higher on the day. The CmdtyView national average Cash Corn price was up…