- Prudent to keep rates on hold for now
- Rates could move higher if global impact is mild
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XTB profit drops 24% despite gold rally; OANDA Japan slashes silver leverage 5:1. Retail deposits dip.
Albemarle (ALB) up 28% YTD, Noble (NE) up 27%, Patterson-UTI (PTEN) up 23%. Dividend yields range from 0.8% to 6%. Analysts rate 'Moderate Buy'.
Live cattle futures dip on inventory reports, but specs add to net longs. Feeder cattle slide as screwworm fears linger.
Corn futures dip 2-4 cents, cash price at $3.93. Speculators trim net short. Exports strong, Argentina crop rated 46% G/E.
Lean hog futures dipped, but managed money is net long. Coffee prices fall on Brazil rain; cocoa gains on dollar weakness.
Wheat futures dip on dollar strength, but specs trim shorts. Export sales are 18% ahead of last year.
Cotton futures dump 30-46 pts, down 64 pts weekly. Coffee & Cocoa prices mixed. Dollar index up. Managed money adds net short.
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