Cotton futures shed 30-38 points on low export sales, while crude oil nudged up to $59.71. Traders eye AWP at 51.28 cents/lb.
Corn futures rise 3-6 cents on strong export sales to Colombia & Mexico. Nearby cash corn hits $4.02 3/4. Watch supply vs. demand.
CA oil output plunges 67% as refineries close; imports surge, driving gas prices to $4.5/gal. Risk rises.
Winter wheat futures rise 2-8 cents on strong export sales; spring wheat dips. Canadian output up 3.3 MMT.
Live cattle futures jump $2.50, feeders up $4.75 on export sales & strong cash trade. Boxed beef dips slightly.
Lean hog futures climb $1.05 on strong carcass prices, despite lower export bookings. Traders eye $81.67 index.
Gold’s 60% surge has sparked debate over whether it is a bubble or a deeper shift. Central banks are buying record volumes amid declining trust in fiat reserves, while investor positioning remains light.
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