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ANALYSIS-Indo-Pacific trade deal prospects dim as 2024 US election year politics loom

2 years 11 months ago
The Biden administration has vowed to continue negotiating an ambitious Asia trade deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. The Biden administration had emphasized finishing key chapters of its Indo-Pacific Economic Framework (IPEF) initiative trade "pillar" in time for this week's Asia-Pacific Economic Cooperation (APEC) meeting, aiming to offer the region an alternative to China's growing trade clout.

Main Management Market Note: November 17, 2023

2 years 11 months ago
  To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn. Read more at ETFTrends.com.

Why Redfin Stock Rocketed 30% Higher This Week

2 years 11 months ago
Shares of Redfin (NASDAQ: RDFN) popped by as much as 29.5% this week, according to data from S&P Global Market Intelligence. The online real estate brokerage and mortgage originator surged in reaction to news that inflation was continuing to ease as well as recent data sugges

Cotton Squares Up on Friday

2 years 11 months ago
The front month cotton futures finished the last trade day of the week 19 to 63 points higher. Dec closed out the week 160 points higher, but still 11.08 cents off the Sep high. Red Dec futures were 110 points higher for the week, and are now at a net...

Cattle Complete the Week’s Recovery

2 years 11 months ago
After a back and forth week of trade, Friday’s triple digit gains cemented a weekly gain for the live cattle futures. The front month futures ended $1 to $1.47 higher on Friday, leaving Dec fats at a net $1.57 gain and Feb at a net $2.15 gain for the week....

Friday Loss Limits Corn’s Weekly Gain

2 years 11 months ago
After a wide (19 ½c) ranged week, mostly via Monday, Dec futures ended a net 3 cents higher. Friday’s session itself left the board 4 ¼ to 8 cents in the red. CFTC reported managed money on a 163,486 contract net short as of 11/14. That 5,102 contract weaker net...

Mixed Close for Friday’s Hog Trade

2 years 11 months ago
Front month lean hog futures ended the session mixed as Dec and Feb faded into the weekend vs the deferred contracts’ bounce. Dec completed the week on a net 92c loss. USDA’s National Average Base Hog price was $1.85 weaker to $62.27 in the AM update on Friday. The CME...

Friday Wheat Faced More Sell Pressure

2 years 11 months ago
The wheat futures ended the last trade day of the week with 3 to 9 cent losses across the domestic classes. CBT SRW was 2 ¾ to 5 ¼ cents weaker on the day, and down a net 24 ½ for the week. KC wheat closed 1.5% in the red...

Soymeal Futures Fall Before Weekend

2 years 11 months ago
Crush margins increased this week, as the products both closed higher Fri/Fri while beans were red on the weekly. Front month Soymeal futures led the beans lower with 2.4% to 2.9% losses of as much as $13.50/ton. Despite the pullback on Friday, meal was still at a net $3.90 gain...
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