A stronger day for Japanese equities on weaker yen but paring gains into the close 25 May 2016
- +258.59
- open 16764.35
- high 16806.03
- low 16732.12
- USDJPY 109.98 with initial demand at 109.85 and then more into 109.50 Sellers 110.20 and larger at 110.50
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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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