Cotton futures shed 35-67 points as USD strengthened. Vietnam & India led export demand, but shipments slowed.
Live cattle futures gain $1.25-$1.50; feeder cattle up $2.50-$3.15. Coffee plunges on Brazil rain. Fed cattle bids lag.
ICYMI: Bessent: Yuan weakness a bigger problem for Europe than the U.S. U.S. Treasury Secretary Bessent says China’s yuan is stronger vs the dollar but near record lows against the euro, worsening Europe’s trade deficit.
Soybeans dip 6-7 cents on weak export sales; Brazil crop outlook weighs. Coffee plunges on Brazil rain forecasts.
Wheat futures dip on mixed export data; Brazil rain fears hit coffee prices. Fed meeting looms, impacting gold & dollar.
Trump’s team is considering a $550bn fund to boost factories, energy and critical sectors The initiative would extend Trump’s direct role in industry, following government stakes in Intel and U.S. Steel, though details remain under negotiation.
PBOC sets USD/ CNY reference rate for today at 7.1128 (vs. estimate at 7.1174) PBOC CNY reference rate setting for the trading session ahead.
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