Japan’s yen slid beyond ¥152 as markets expect Prime Minister Takaichi to back BoJ looseness. Despite firmer data, Governor Ueda signals caution, delaying rate normalisation amid political coordination and rising inflation concerns.
Live cattle futures surge $3.90-$5.35; feeder cattle up $3.77-$10. Mexico border closure looms. USDA beef prices rise.
Wheat futures mixed; winter wheat leads gains. Coffee dips 2-week low on Brazil rain. Cocoa falls on good harvests.
Corn futures steady to 2 cents higher; Dec corn at $4.34, cash up 3 cents to $3.95 1/2. Brazil crop at 137 MMT.
Lean hog futures dipped, with prices down 5-50 cents. USDA hog price at $85.53, down $2.50. Pork cutout up 22 cents to $100.24.
Fed halts balance sheet runoff Dec 1 amid rising funding costs & liquidity stress. Markets watch for impact.
Calpers, the biggest U.S. public pension fund, will vote against Elon Musk’s $1 trillion Tesla pay deal, calling it excessive and overly concentrated. Musk is pushing for investor approval ahead of a Nov. 6 vote in Austin.
Sponsored
Must Read