Oppenheimer favors GOOGL (18% upside, lower valuation) over META (15% upside, AI focus). Traders eye Big Tech divergence.
Corn futures edge higher on strong export data (+31.6% YoY), nearing crop insurance price discovery at $4.19.
S&P 500 nears record high, up 1.1%! Apple leads rally; Tesla, P&G earnings loom. Watch for valuation shifts.
Live cattle futures jump $1.82 on supply news; feeder cattle mixed. USDA boxed beef up, but slaughter lags last year.
Wheat futures mixed; exports surge 73% YoY. Algeria seeks 50K MT wheat. Coffee & Cocoa climb on supply fears.
China permits non-state trade imports of 257 million metric tons of crude oil in 2026. Indicates that Beijing sees domestic demand as weak, or that high existing stockpiles mean the refiners don't need to import as much.
PBOC sets USD/ CNY mid-point today at 7.0930 (vs. estimate at 7.1219) PBOC CNY reference rate setting for the trading session ahead.
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