Corn futures gather some strength to round out the week on Friday’s lame duck session. Contracts were up 4 to 7 ¾ cents across the board. Rains over the next week are spottier according to the 7-day QPF, with very southern portions of the WCB an inch or less of coverage and the ECB with trace amounts. This morning's Export Sales report indicated 357,152 MT in old crop corn bookings during the week...
Corn futures gather some strength to round out the week on Friday’s lame duck session. Contracts were up 4 to 7 ¾ cents across the board. Rains over the next week are spottier according to the 7-day QPF, with very southern portions of the WCB an inch or less of coverage and the ECB with trace amounts. This morning's Export Sales report indicated 357,152 MT in old crop corn bookings during the week of 6/27. That was 34.1% below the previous week and a 12-week low. They fell shy of the low end of estimates ranging from 500,000 and 900,000 MT. Unknown destinations was the top buyer of 138,400 MT, with 78,800 MT sold to Columbia. New crop sales totaled 311,538 MT in that week, on the higher end of the 0-400,000 MT expectations. Much of the reported total was to Mexico of 301,800 MT. Brazil’s corn exports totaled 850,892 MT during June according to trade ministry data, a 17.74% drop from the same month last year. Jul 24 Corn closed at $4.11 1/4, up 7 3/4 cents, Nearby Cash was $3.97 1/4, up 5 1/4 cents, Sep 24 Corn closed at $4.10 1/2, up 5 cents, Dec 24 Corn closed at $4.24, up 4 1/2 cents, New Crop Cash was $3.85 5/8, up 4 3/4 cents, On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Live cattle futures were under pressure from falling equities on Friday, with contracts down $3.80 to $4.50 at the close. April was up $2.35 from last Friday. Cash trade settled in at $240 across most of the country, firming in some northern areas from last week and lower in the south, with a few sales in the $241-242 range. Feeder cattle futures were falling on Friday, with contracts down $6.97 t...
Live cattle futures were under pressure from falling equities on Friday, with contracts down $3.80 to $4.50 at the close. April was up $2.35 from last Friday. Cash trade settled in at $240 across most of the country, firming in some northern areas from last week and lower in the south, with a few sales in the $241-242 range. Feeder cattle futures were falling on Friday, with contracts down $6.97 to 7.42 across the board, with May just 20 cents higher vs. last Friday. The CME Feeder Cattle Index was down another $1.47 to $367.32 on March 5. Commitment of Traders data from Friday afternoon showed managed money cutting back 4,494 contracts from their net long position in live cattle futures and options as of Tuesday at 114,519 contracts. In feeder cattle futures and options, spec funds pared back 206 contracts from their net long to 17,956 contracts but 3/3. Don’t Miss a Day: Wholesale Boxed Beef prices were mixed in the Friday afternoon report, with the Chc/Sel spread widening to $8.27. Choice boxes were up 33 cents to $387.22, while Select was $1.66 lower to $378.95. USDA estimated federally inspected cattle slaughter for this week at 521,000 head. That is 2,000 head above the previous week but 58,267 head shy of the same week last year. Apr 26 Live Cattle closed at $234.575, down $3.950, Jun 26 Live Cattle closed at $231.475, down $3.800, Aug 26 Live Cattle closed at $229.250, down $4.150, Mar 26 Feeder Cattle closed at $355.625, down $6.975, Apr 26 Feeder Cattle closed at $351.625, down $7.375, May 26 Feeder Cattle closed at $348.075, down $7.450, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Shares of Marvell Technology (MRVL +18.33%) popped on Friday after the semiconductor maker reported robust earnings growth and issued an upbeat forecast for the year ahead. By the close of trading, Marvell's stock price was up more than 18%. AI-fueled growth Marvell's revenue jumped 22% year over year to $2.2 billion in its fiscal 2026 fourth quarter, which ended on Jan. 31. The gains were broad-b...
Shares of Marvell Technology (MRVL +18.33%) popped on Friday after the semiconductor maker reported robust earnings growth and issued an upbeat forecast for the year ahead. By the close of trading, Marvell's stock price was up more than 18%. AI-fueled growth Marvell's revenue jumped 22% year over year to $2.2 billion in its fiscal 2026 fourth quarter, which ended on Jan. 31. The gains were broad-based. Revenue in Marvell's data center and communications segments grew 22% and 26%, respectively, to $1.7 billion and $567 million, driven by strong demand for Marvell's artificial intelligence (AI)-related offerings. Expand NASDAQ : MRVL Marvell Technology Today's Change ( 18.33 %) $ 13.87 Current Price $ 89.55 Key Data Points Market Cap $66B Day's Range $ 83.41 - $ 93.38 52wk Range $ 47.09 - $ 102.77 Volume 3.3M Avg Vol 15M Gross Margin 50.69 % Dividend Yield 0.32 % "We achieved sequential growth across all key product lines, including optical interconnects, custom silicon, switching, and storage," CEO Matt Murphy said during a conference call with analysts. All told, Marvell's adjusted net income climbed 29% to $685 million. The company's adjusted earnings per share, which were boosted by stock buybacks, increased 33% to $0.80. Marvell's growth is accelerating Looking ahead, management expects revenue of roughly $2.4 billion and adjusted earnings of $0.79 per share in Marvell's fiscal 2027 first quarter. "We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business," Murphy said.
Key Points Demand for data infrastructure technology is surging. Marvell is well-placed to profit from the AI boom. 10 stocks we like better than Marvell Technology › Shares of Marvell Technology (NASDAQ: MRVL) popped on Friday after the semiconductor maker reported robust earnings growth and issued an upbeat forecast for the year ahead. By the close of trading, Marvell's stock price was up more t...
Key Points Demand for data infrastructure technology is surging. Marvell is well-placed to profit from the AI boom. 10 stocks we like better than Marvell Technology › Shares of Marvell Technology (NASDAQ: MRVL) popped on Friday after the semiconductor maker reported robust earnings growth and issued an upbeat forecast for the year ahead. By the close of trading, Marvell's stock price was up more than 18%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » AI-fueled growth Marvell's revenue jumped 22% year over year to $2.2 billion in its fiscal 2026 fourth quarter, which ended on Jan. 31. The gains were broad-based. Revenue in Marvell's data center and communications segments grew 22% and 26%, respectively, to $1.7 billion and $567 million, driven by strong demand for Marvell's artificial intelligence (AI)-related offerings. "We achieved sequential growth across all key product lines, including optical interconnects, custom silicon, switching, and storage," CEO Matt Murphy said during a conference call with analysts. All told, Marvell's adjusted net income climbed 29% to $685 million. The company's adjusted earnings per share, which were boosted by stock buybacks, increased 33% to $0.80. Marvell's growth is accelerating Looking ahead, management expects revenue of roughly $2.4 billion and adjusted earnings of $0.79 per share in Marvell's fiscal 2027 first quarter. "We expect year-over-year revenue growth to accelerate each quarter in fiscal 2027, driven by continued strength in our data center business," Murphy said. Should you buy stock in Marvell Technology right now? Before you buy stock in Marvell Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Marvell Technology wasn’t one of them. The 10...
In his 1961 novel The Winter of Our Discontent, John Steinbeck wrote of loss, "It's so much darker when a light goes out than it would have been if it had never shone." The death of NASA's Exploration Upper Stage today represents the inverse of that sentiment. The world of spaceflight is so much brighter now that its light has gone out. The rocket's death came via a seemingly pedestrian notice pos...
In his 1961 novel The Winter of Our Discontent, John Steinbeck wrote of loss, "It's so much darker when a light goes out than it would have been if it had never shone." The death of NASA's Exploration Upper Stage today represents the inverse of that sentiment. The world of spaceflight is so much brighter now that its light has gone out. The rocket's death came via a seemingly pedestrian notice posted on a government procurement website: "NASA/MSFC intends to issue a sole source contract to acquire next-generation upper stages for use in Space Launch System (SLS) Artemis IV and Artemis V from United Launch Alliance (ULA)." Read full article Comments
As fans of FX’s new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were l...
As fans of FX’s new limited series, Love Story: John F. Kennedy Jr. & Carolyn Bessette search for real-life versions of the characters' wardrobes, they're running into roadblocks. According to Google Trends, searches for “Calvin Klein 90s” shot up 850% in the US the week Love Story premiered. When customers found more fleece joggers and graphic tees on its website than the sleek basics they were looking for, some turned to secondhand sellers. PVH Corp., the apparel conglomerate that bought the Calvin Klein brand from the designer of the same name in 2003, declined to comment on its CBK strategy—or lack thereof—citing a quiet period ahead of its next earnings release. Dina Katgara, Bloomberg News Consumer Reporter, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Professor25/iStock via Getty Images By Jennifer Nash The latest employment report showed that 92,000 jobs were lost in February, down from January's 126,000 addition. This figure was worse than the projected addition of 58,000 jobs. Meanwhile, the unemployment rate inched up to 4.4%, coming in higher than the forecasted 4.3% rate. Here is an excerpt from the Employment Situation Summary released t...
Professor25/iStock via Getty Images By Jennifer Nash The latest employment report showed that 92,000 jobs were lost in February, down from January's 126,000 addition. This figure was worse than the projected addition of 58,000 jobs. Meanwhile, the unemployment rate inched up to 4.4%, coming in higher than the forecasted 4.3% rate. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor Statistics: Total nonfarm payroll employment edged down by 92,000 in February, and the unemployment rate changed little at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment in health care decreased, reflecting strike activity. Employment in information and federal government continued to trend down. Household Survey Data: Both the unemployment rate, at 4.4 percent, and the number of unemployed people, at 7.6 million, changed little in February. Establishment Survey Data: Total nonfarm payroll employment edged down by 92,000 in February, following an increase in January (+126,000). Employment in health care decreased in February, reflecting strike activity. Employment in information and federal government continued to trend down. Payroll employment changed little on net in 2025. Here is a snapshot of the monthly change in nonfarm employment over the last five years. The 3-month moving average is currently at 6,000. For another view, here is the monthly percent change in nonfarm employment since 2000. We've added a 12-month moving average to highlight the long-term trend. The latest 12-month moving average is at 13,000. Unemployment, Recessions, and Market Trends The next chart illustrates the relationship between unemployment, recessions, and the S&P Composite since 1948. Unemployment is typically a lagging indicator that moves inversely to equity prices (the top series in the chart). Notice the rising unemployment peaks in 1971, 1975, and 1982, which coincided with bear markets. A similar pattern briefly emerged d...
Following is a summary of the changes that will take place prior to the open of trading on the effective date: The following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 will take effect before the market opens on Monday, March 23, as part of the quarterly rebalance. The changes ensure that each index is more representative of its market–capitalization range. The companies...
Following is a summary of the changes that will take place prior to the open of trading on the effective date: The following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 will take effect before the market opens on Monday, March 23, as part of the quarterly rebalance. The changes ensure that each index is more representative of its market–capitalization range. The companies being removed from the S&P SmallCap 600 are no longer representative of the small–cap market space. NAPCO Security Technologies Inc. (NASD: NSSC) will replace Alexander & Baldwin Inc. (NYSE: ALEX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, March 13. An investor group comprised of MW Group and funds affiliated with DivcoWest and Blackstone Real Estate is acquiring Alexander & Baldwin in a deal that is expected to close soon, pending final closing conditions. NEW YORK, March 6, 2026 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices: Story Continues S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. FOR MORE INFORMATION: S&P Dow Jones Indices index_services@spglobal.com Media Inquiries spdji.comms@spglobal.com Cision Vie...
Sundry Photography/iStock Editorial via Getty Images Shares of Capital One Financial Corporation ( COF ) have been a modest performer over the past year, gaining about 6%. However, recent performance has been worse, with shares steadily dropping over $60 so far in 2026. There are growing concerns about the economic outlook, with job growth weak and the Iran conflict sparking a large rise in oil pr...
Sundry Photography/iStock Editorial via Getty Images Shares of Capital One Financial Corporation ( COF ) have been a modest performer over the past year, gaining about 6%. However, recent performance has been worse, with shares steadily dropping over $60 so far in 2026. There are growing concerns about the economic outlook, with job growth weak and the Iran conflict sparking a large rise in oil prices. This type of price shock could stress consumers already facing a difficult affordability environment, and with its focus on credit card lending, Capital One is very exposed to consumer credit trends. I last covered COF in October , upgrading shares to a “ B uy,” which was a very poor call, and the stock is down 17% since then. With such a changed macro picture, now is a good time to revisit shares and determine next steps. Seeking Alpha We have seen crude oil prices rise significantly over the past few months, rallying from the $50s toward $90. This is a material price shock, and while it will take some time to filter through to gas prices, it could potentially lift headline inflation by ~0.3%-0.5%. Because oil is a key cost for transportation, it can have a knock-on effect on many good prices beyond consumers’ spending at the pump. All else equal, this shock will reduce consumers’ discretionary spending power and weaken the economy. A massive uncertainty is whether this conflict ends shortly or spirals further, which, frankly, is unknowable. While I believe the economy can withstand $80-$100 oil, a move past $100 makes recession a greater risk. Ultimately, there are multiple causes of default cycles in consumer credit, but oil has historically played a role. Before the financial crisis, oil prices approached $150, and gasoline jumped from $2 to $4 in a year. That coincided with a large rise in delinquencies. From 2014 to 2019, gasoline prices were fairly low, and consumer credit performance was consistently strong. Post-COVID, we saw oil prices (alongside many other ...
World number one Luke Littler got his UK Open defence off to a winning start, overcoming Damon Heta 10-3 with another 'Big Fish' checkout along the way. The tournament at Minehead, Somerset, sees more than 100 PDC Tour card holders take on 16 amateur qualifiers and a further 16 players from the Winmau Challenge and Development tours. As the world's top 32 entered the fray in round four, Littler to...
World number one Luke Littler got his UK Open defence off to a winning start, overcoming Damon Heta 10-3 with another 'Big Fish' checkout along the way. The tournament at Minehead, Somerset, sees more than 100 PDC Tour card holders take on 16 amateur qualifiers and a further 16 players from the Winmau Challenge and Development tours. As the world's top 32 entered the fray in round four, Littler took out 170 to move 7-2 ahead - a day after having notched two in his first Premier League win of the year. He signed off in style shortly afterwards with a 120 finish comprising treble 20, double 20 and double 10. Other action saw Michael van Gerwen edge past Nathan Aspinall 10-8 after coming from 4-2 down. Describing Aspinall as "a fighter", Van Gerwen told ITV he had kept "cool, especially at the end of the game" but admitted he had given "The Asp" too many chances. Meanwhile, world number two Luke Humphries beat Luke Woodhouse 10-3, Gian van Veen - ranked three - was beaten 10-7 by Rob Cross, and Danny Noppert hit a nine-darter during his 10-4 win over Dimitri van den Bergh.