A soggy session for the Nikkei as yen buyers prevail 24 May 2016
- -155.84
- open 16605.04
- high 16605.04
- low 16471.37
- USDJPY 109.18 still on the back foot but with demand/support into 109.00
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TSLA & HOOD puts offer ~25-40% annualized returns; FDX options volume low. Traders eye valuation.
Cotton futures rally 25-45 pts despite weaker markets; export sales lag, but Cotlook A Index hits 74.00 cents.
Corn futures dip 1-2 cents on oil spillover; export commitments strong at 31% YoY. Cash corn at $4.04.
Lean hog futures dip; pork cutout jumps $6.10 to $99.76. Belly prices surge as traders eye slaughter volumes.
Live cattle futures surge $1.12 on strong cash trade; feeder cattle up $1.75. Boxed beef dips, but slaughter lags.
9 states offer zero income tax; 41 states exempt Social Security. Retirees gain by choosing tax-friendly states.
NFT market cap down 99% to $487M. OpenSea & Magic Eden pivot to token trading, seeking broader revenue streams.
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