The International Energy Agency, which last week agreed to a record release of emergency oil reserves, said it has more that can be made available if needed. “The quick action by the IEA had a calming effect on markets,” the agency’s executive director, Fatih Birol , said in a televised statement. “But while our stocks release can provide a buffer for now, it is not a lasting solution.” Birol stre...
The International Energy Agency, which last week agreed to a record release of emergency oil reserves, said it has more that can be made available if needed. “The quick action by the IEA had a calming effect on markets,” the agency’s executive director, Fatih Birol , said in a televised statement. “But while our stocks release can provide a buffer for now, it is not a lasting solution.” Birol stressed that the “single most important” thing for oil and gas would be the reopening of the vital Strait of Hormuz, which has been disrupted by the war in the Middle East. He said additional barrels are flowing in Asian markets, which are most reliant on flows from the Middle East. The IEA last week said that the oil market is seeing the biggest supply disruption in history as a result of the war.
AlexLMX/iStock via Getty Images Thesis review Last time I covered Garrett Motion ( GTX ), the stock was trading at $11 per share and as of this writing, the stock is at $17, a 52.90% return since the publication. A quick recap on Garrett, the firm has been a value trap for years, with no catalyst for a multiple expansion. In fact, there were fears that the firm would experience secular decline as ...
AlexLMX/iStock via Getty Images Thesis review Last time I covered Garrett Motion ( GTX ), the stock was trading at $11 per share and as of this writing, the stock is at $17, a 52.90% return since the publication. A quick recap on Garrett, the firm has been a value trap for years, with no catalyst for a multiple expansion. In fact, there were fears that the firm would experience secular decline as the auto market welcomed the adoption of EVs. Last year we witnessed a thematic change when EV sales slowed in North America, driven by the hype deflation and worries that tax subsidies might be cut to reduce deficit spending. As a consequence, ICE sales experienced a bump in 2025. We know markets love growth; hence, Garrett and ( BWA ) massively rallied following the topline recovery. Article performance (Seeking Alpha) During 2024, Garrett's revenue growth was negative on a quarterly basis and even in the first quarter of 2025. We started to see growth inflecting in Q2 at 2.58%, then in Q3 the growth was even more impressive at 9.20%, which resulted in the company massively beating estimates by $35.24 million, bolstered by volume growth and FX gains. Quarterly revenue growth (Stock Analysis) This growth wasn't idiosyncratic to Garrett, but BWA witnessed the same thing, which explains why both names rallied significantly last year. Looking at the chart below, we can see that last year's returns outperformed prior and recent timelines, with GTX returning 100% and BWA returning 79.57%. But on the recent monthly performance, both names had a double-digit drawdown, mostly due to expected unfavorable macro events. GTX vs BWA historical performance (Stock Analysis) Sentiment of Garrett has suddenly turned bearish, and in my estimation, this sentiment is warranted. Firstly, the dollar is coming in strong in 2026, which will likely result in lower revenue realization in dollar terms. Last year, some of the firm's significant gains came from the FX side, as it was the year that the...
An “evil” UK nursery worker who raped and abused two- and three-year-olds in his care was jailed for at least 24 years on Monday, weeks after another childcare worker was imprisoned in a similar case. Nathan Bennett, 30, was jailed at Bristol Crown Court in southwest England for the serial abuse of five boys at the nursery where he worked. He was described as an “incorrigible and dangerous paedoph...
An “evil” UK nursery worker who raped and abused two- and three-year-olds in his care was jailed for at least 24 years on Monday, weeks after another childcare worker was imprisoned in a similar case. Nathan Bennett, 30, was jailed at Bristol Crown Court in southwest England for the serial abuse of five boys at the nursery where he worked. He was described as an “incorrigible and dangerous paedophile” by Judge William Hart, handing down the sentence. Advertisement “You prioritised your own sexual satisfaction over the welfare of these little children and that was due to your grossly distorted thinking and a degree of – to use an old-fashioned word – evil,” said Hart. Bennett was convicted last month of eight charges of rape, sexual assault and assault by penetration relating to five children. A mugshot of Nathan Bennett, who has been jailed at Bristol Crown Court for the serial abuse of five boys at the nursery where he worked. Photo: Avon and Somerset Police/AFP He previously also admitted to 13 other charges relating to four of the same children, who were two years old at the time.
In a move that underscores the seismic shift occurring within the global semiconductor landscape, RBC Capital Markets has aggressively raised its price target for Micron Technology (NASDAQ: MU) to a staggering $525 per share. The revision, issued today, March 16, 2026, reflects a growing consensus that the memory chip market has moved beyond its historical boom-and-bust cycles into a period of pro...
In a move that underscores the seismic shift occurring within the global semiconductor landscape, RBC Capital Markets has aggressively raised its price target for Micron Technology (NASDAQ: MU) to a staggering $525 per share. The revision, issued today, March 16, 2026, reflects a growing consensus that the memory chip market has moved beyond its historical boom-and-bust cycles into a period of prolonged, structural "pricing strength" that could last through the end of the decade. The upgrade comes as the industry grapples with an insatiable appetite for High Bandwidth Memory (HBM) and enterprise-grade storage solutions, driven by the continued expansion of generative artificial intelligence. RBC’s move is not just a bet on a single company, but a bold declaration that memory—once dismissed as a low-margin commodity—has become the primary bottleneck and most valuable real estate in the AI hardware stack. The $525 Milestone: Breaking the Cyclical Mold The decision by RBC Capital Markets to hike its target from $425 to $525 is rooted in a fundamental reassessment of Micron Technology (NASDAQ: MU) and its earnings power for the 2026 and 2027 calendar years. Analysts at the firm noted that the new target is based on approximately 7 times the estimated calendar year 2027 earnings per share (EPS), a multiple that aligns with previous market peaks but is now supported by much higher "trough" expectations. The firm also cited a 2.7 times year-end CY27 book value, highlighting the massive asset appreciation of Micron’s fabrication facilities. The timeline leading to this hike has been marked by a series of supply-side shocks. Earlier this quarter, Micron CEO Sanjay Mehrotra confirmed that the company’s entire 2026 supply of HBM4—the next generation of ultra-fast memory—is already sold out under binding long-term agreements. This "sold-out" status has triggered a wave of FOMO (fear of missing out) among hyperscale data center operators, who are now securing capacity two years ...
Sentimental Value’s victory at the Oscars on Sunday has been hailed in Norway as the moment the country stepped out of the film industry shadow cast by its Scandinavian neighbours Sweden and Denmark. Joachim Trier’s film became the first ever Norwegian feature to win an Academy Award when it was named best international film at the ceremony in Los Angeles. Set around a family home in Oslo and tell...
Sentimental Value’s victory at the Oscars on Sunday has been hailed in Norway as the moment the country stepped out of the film industry shadow cast by its Scandinavian neighbours Sweden and Denmark. Joachim Trier’s film became the first ever Norwegian feature to win an Academy Award when it was named best international film at the ceremony in Los Angeles. Set around a family home in Oslo and telling the story of a film director estranged from his adult daughters, the film was nominated in eight other categories including best actress for Renate Reinsve, best supporting actress for Inga Ibsdotter Lilleaas and Elle Fanning, and best supporting actor for Stellan Skarsgård. Norway secured a record 11 nominations overall, including The Ugly Stepsister for best makeup and styling, and Espen Nordahl for the visual effects in Sinners. International recognition for film-making in Scandinavia has long focused on Sweden and Denmark, but Norwegian film has been on a steady upward trajectory in recent years and work by Dag Johan Haugerud, Halfdan Ullmann Tøndel and Lilja Ingolfsdottir among others has contributed to what some critics have described as a Norwegian “golden age”. Morten Ståle Nilsen, a film and TV critic for the Norwegian newspaper VG, said: “The Oscar for Sentimental Value is undoubtedly a real shot in the arm for the Norwegian film world. We have long lived in the shadow of more ‘mature’ movie nations like Sweden and, in more recent times, Denmark. Last night, we climbed out of that shadow.” Victory for Skarsgård would have made him the first Swedish male actor to take home an Oscar, and some commentators viewed his failure to win as a snub. Nilsen said it was “a bit of a shame about our Swedish brother Stellan”, who he had thought had a good chance of winning. Skarsgård himself said the absence of any individual Oscars had kept the cast together as an ensemble. He added: “And we won the most important - best international film.” There was however success for th...
Micron Technology, Inc.MU will report second-quarter fiscal 2026 results on March 18, after market close, and expectations are running high. The company has been gaining momentum due to the surge in artificial intelligence (AI) investments and its strong ties with leading tech firms. The Zacks Consensus Estimate for second-quarter revenues and non-GAAP earnings per share indicates year-over-year g...
Micron Technology, Inc.MU will report second-quarter fiscal 2026 results on March 18, after market close, and expectations are running high. The company has been gaining momentum due to the surge in artificial intelligence (AI) investments and its strong ties with leading tech firms. The Zacks Consensus Estimate for second-quarter revenues and non-GAAP earnings per share indicates year-over-year growth of 137.8% and 457.1%, respectively. Robust sales at the company’s Dynamic Random Access Memory (DRAM) business are likely to have remained the key growth catalyst in the to-be-reported quarter. Click here to know how Micron Technology’s overall fiscal second-quarter results are likely to be. AI-Led Memory Demand to Boost Micron’s DRAM Sales Micron Technology has found itself in a sweet spot amid the AI revolution, which is driving the skyrocketing demand for memory and storage solutions. AI systems, particularly large language models (LLMs) and generative AI applications, require massive data processing and storage capabilities, creating a growing need for high-performance DRAM. Micron Technology’s DRAM segment is expected to be the key growth driver of its second-quarter results. The Zacks Consensus Estimate for DRAM revenues stands at $15.03 billion, implying stellar 145.5% year-over-year growth. This not only underscores Micron Technology’s market strength but also highlights the improved pricing dynamics in the DRAM industry. After struggling with oversupply issues in previous years, the memory market is showing signs of stabilization, which has strengthened pricing power and boosted MU’s margins. Moreover, Micron Technology’s mass production of its HBM3E (high-bandwidth memory) for NVIDIA Corporation’s NVDA next-generation AI chips, including the H200, GB200 and GB300 GPUs, has positioned it as a vital supplier for AI powerhouses. With HBM memory in short supply and NVIDIA driving relentless AI demand, Micron Technology’s pricing leverage for these premium produc...
Walt Disney (NYSE: DIS) is often dismissed as a "legacy" entertainment company, but I think that's a mistake. In this video, I discuss why Disney could not only perform well going forward, but why it could be a trillion-dollar company within a decade. *Stock prices used were the morning prices of March 11, 2026. The video was published on March 16, 2026. Will AI create the world's first trillionai...
Walt Disney (NYSE: DIS) is often dismissed as a "legacy" entertainment company, but I think that's a mistake. In this video, I discuss why Disney could not only perform well going forward, but why it could be a trillion-dollar company within a decade. *Stock prices used were the morning prices of March 11, 2026. The video was published on March 16, 2026. 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 » Should you buy stock in Walt Disney right now? Before you buy stock in Walt Disney, 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 Walt Disney wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $514,000!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,105,029!* Now, it’s worth noting Stock Advisor’s total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of March 16, 2026. Matt Frankel, CFP has positions in Walt Disney. The Motley Fool has positions in and recommends Walt Disney. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. The views and opinio...
Recent operational and regulatory wins position Joby Aviation as a leader, moving its electric air taxi service closer to commercial reality for investors.
Recent operational and regulatory wins position Joby Aviation as a leader, moving its electric air taxi service closer to commercial reality for investors.
Nvidia kicks off its annual GTC developer conference in San Jose, California, on Monday with CEO Jensen Huang’s keynote scheduled for 11 a.m. PT / 2 p.m. ET. GTC — which stands for GPU Technology Conference — is Nvidia’s flagship annual event, running from March 16 to March 19. The chipmaker typically uses the spotlight to announce new products, champion partnerships, and lay out its vision for th...
Nvidia kicks off its annual GTC developer conference in San Jose, California, on Monday with CEO Jensen Huang’s keynote scheduled for 11 a.m. PT / 2 p.m. ET. GTC — which stands for GPU Technology Conference — is Nvidia’s flagship annual event, running from March 16 to March 19. The chipmaker typically uses the spotlight to announce new products, champion partnerships, and lay out its vision for the future of computing. Huang’s keynote will focus on Nvidia’s role in the future of computing and AI. You can watch the two-hour address in person at the SAP Center or livestream the talk on the event’s website. The broader three-day event is focused on what’s coming next for AI across industries, including healthcare, robotics, and autonomous vehicles. On the software side, it’s rumored that Nvidia will release an open source platform for enterprise AI agents, dubbed NemoClaw, as originally reported by Wired. The platform would give businesses a structured way to build and deploy AI agents (software that can carry out multistep tasks autonomously) and would position Nvidia to mirror similar offerings from companies like OpenAI. On the hardware side, the company is also rumored to be releasing a new chip designed to accelerate the AI inference process — the process by which an AI model applies what it has learned to generate responses or make decisions, as distinct from the initial training process, which requires far more computing power. Faster, cheaper inference is widely seen as one of the last bottlenecks to scaling AI applications broadly. The chip would represent Nvidia’s latest bid to dominate not just the training market, where it already commands an estimated 80% share, but the inference market as well, where competition from custom chips built by Google, Amazon, and others is fast intensifying. There will also be a range of partnership announcements and demonstrations showcasing Nvidia’s AI capabilities across industries. Kevin Cook, a senior equity strategist at...
omersukrugoksu/iStock via Getty Images Introduction Safety Insurance Group ( SAFT ) is a provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. Additionally, the company provides other insurance products (business owner policies, dwelling fire…) in Massachusetts, Maine, and New Hampshire. The company remains laser-focused on Massachusetts, which...
omersukrugoksu/iStock via Getty Images Introduction Safety Insurance Group ( SAFT ) is a provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. Additionally, the company provides other insurance products (business owner policies, dwelling fire…) in Massachusetts, Maine, and New Hampshire. The company remains laser-focused on Massachusetts, which accounts for 95% of its total insurance premiums. It has a decent market share in the automobile insurance business in Massachusetts, where it ranks 4th (with a 9.4% market share) in the private passenger automobile business, and it actually is the leader in the commercial automobile space with a 13% market share. Since it started underwriting insurance contracts in 1979, Safety Insurance has been profitable in 44 of its 45 years in operation. Sometimes the results were, of course, mixed, but given the relatively low overhead expenses (almost all of the insurance policies are established through a network of independent agents), Safety Insurance is really benefiting from a rapidly increasing revenue. Data by YCharts How did the company perform in 2025? Looking at the income statement for 2025, you can see below that the company reported a total revenue of $1.26B , mainly thanks to a sharp increase in the net earned premiums ($1.14B) and a robust net investment income in excess of $60M. The total amount of commission income and service income was also on the rise. SAFT Investor Relations Of course, an insurance company that underwrites more insurance contracts will have to deal with a higher amount of insurance-related damages and expenses. But as you can see above, the increase in losses and loss adjustment expenses remained quite reasonable, and SAFT reported a pre-tax income of almost $127M. After deducting the almost $27.5M in corporate taxes, the net income came in at $99.3M for an EPS of $6.72. A very robust performance, and reducing the combined ratio from 101.1% in ...
Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant’s footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%. Under the terms of the agreement announced Monday, holders of National Storage common shares and operating...
Public Storage Corp. agreed to acquire National Storage Affiliates Trust in an all-stock deal worth about $10.5 billion, including debt, expanding the self-storage giant’s footprint across the US as the sector consolidates following a pandemic-era boom. National Storage gained as much as 32%. Under the terms of the agreement announced Monday, holders of National Storage common shares and operating partnership units will receive 0.14 shares of Public Storage stock for each share or unit they own, valuing the company at about $41.68 per share based on Public Storage’s closing price on March 13, the companies said Monday. The transaction comes as self-storage operators seek scale after demand cooled from pandemic highs that boosted rental and occupancy rates. The combined company is expected to have a combined market value of about $57 billion and an enterprise value of about $77 billion. National Storage rose 29% to $39.93 at 9:54 a.m. in New York trading Monday, giving the company a market value of about $5.1 billion. Public Storage fell 3.6% to $286.96, for a market value of about $50.4 billion. “This transaction will enable us to expand our platform with assets that are highly complementary to our portfolio,” Tom Boyle, incoming chief executive officer of Public Storage, said in a statement. Frisco, Texas-based Public Storage is a real estate investment trust and one of the largest owners and operators of self-storage facilities in the world, managing more than 3,500 properties across the US and Europe. It tried to buy Life Storage Inc. in 2023 but lost out to Extra Space Storage Inc. Greenwood Village, Colorado-based National Storage owns or operates more than 1,000 facilities across 37 states and Puerto Rico. As part of the transaction, the companies will form a joint venture holding 313 properties valued at about $3.3 billion. National Storage unit holders will own about 80% of the venture, with Public Storage holding the rest and managing the portfolio. The dea...
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing 1. Trump slams European allies, praises China and continues to justify Iran attack Photo: Reuters US President Donald Trump used a White House meeting with the German Chancellor on March 3 to blast...
We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing 1. Trump slams European allies, praises China and continues to justify Iran attack Photo: Reuters US President Donald Trump used a White House meeting with the German Chancellor on March 3 to blast European allies, praise China, waffle on tariffs and argue that the attack he had launched against Iran days previously had prevented a nuclear war. Read the full story here 2. Trump’s 2026 trade agenda sharpens push for ‘managed’ US-China ties Photo: Reuters Trump’s 2026 Trade Policy Agenda, announced this month, sharpened and – in some ways – reshaped Washington’s approach to Beijing, blending enforcement with a new emphasis on “managed” trade between the world’s two largest economies. Advertisement Read the full story here 3. China urges Israel to end war in Iran as regional tensions escalate amid US-linked attack Photo: Reuters Top Chinese diplomat Wang Yi urged his Israeli counterpart to help bring about an immediate end to the war in Iran during a call days after the US and Israel launched a massive attack on Tehran.
Combined solution will steer traffic intelligently and securely for faster application response, lower latency, improved power efficiency and reduced cost per inference SAN JOSE, Calif., March 16, 2026--(BUSINESS WIRE)--Arrcus, the leader in distributed networking infrastructure today announced at NVIDIA GTC integration between the Arrcus Inference Network Fabric (AINF) and NVIDIA AI infrastructur...
Combined solution will steer traffic intelligently and securely for faster application response, lower latency, improved power efficiency and reduced cost per inference SAN JOSE, Calif., March 16, 2026--(BUSINESS WIRE)--Arrcus, the leader in distributed networking infrastructure today announced at NVIDIA GTC integration between the Arrcus Inference Network Fabric (AINF) and NVIDIA AI infrastructure, including the NVIDIA Dynamo framework, NVIDIA BlueField-3 DPUs, NVIDIA Spectrum-X Ethernet networking and GPU platforms. AINF powered by NVIDIA creates a secure, intelligent and policy-aware inference fabric spanning edge, data center and cloud environments. With this combined solution, operators like Lightstorm can deliver next-generation Physical and Agentic AI applications with lower latency, improved GPU utilization, enhanced power efficiency and reduced cost per inference. "AI is entering its inference era, where networking becomes the control plane for performance and economics," said Shekar Ayyar, Chairman and CEO of Arrcus. "By integrating AINF with NVIDIA AI technologies, we are enabling operators and enterprises to intelligently route inference traffic, maximize GPU utilization and deliver real-time AI services at global scale." As AI shifts from centralized training to globally distributed inference, infrastructure demands are changing rapidly. Agentic AI workflows increasingly chain dozens of inference calls across multiple models and tools to complete tasks. These workflows require intelligent model resolution, priority classification and policy enforcement at the moment a request enters the network. Real-time AI applications, ranging from robotics and autonomous systems to video analytics and agentic workflows require: Ultra-low latency Sovereign, geo-aware routing Intelligent model selection Efficient GPU utilization Secure, multi-site connectivity "AI inferencing at scale across Asia‑Pacific demands reliable, low‑latency connectivity across vast WAN dista...
Applied Digital (NASDAQ: APLD) is chasing a massive AI opportunity, but this story gets more intense the deeper you look. I break down the financing, valuation, and execution pressure that could either unlock huge upside or expose the hidden fragility behind one of the market's most talked-about AI infrastructure stocks. Stock prices used were the market prices of March 7, 2026. The video was publ...
Applied Digital (NASDAQ: APLD) is chasing a massive AI opportunity, but this story gets more intense the deeper you look. I break down the financing, valuation, and execution pressure that could either unlock huge upside or expose the hidden fragility behind one of the market's most talked-about AI infrastructure stocks. Stock prices used were the market prices of March 7, 2026. The video was published on March 15, 2026. Continue reading
hudiemm/iStock via Getty Images The iShares MSCI Brazil ETF ( EWZ ) has declined -2.18% over the past week through March 13, 2026, reflecting recent weakness in Brazilian equities. Natalia Gurushina, Chief EM Economist at VanEck, says that a sharp increase in Brazil’s inflation expectations for 2026 raises the probability of a policy rate pause this week. In light of this, below is a list of top h...
hudiemm/iStock via Getty Images The iShares MSCI Brazil ETF ( EWZ ) has declined -2.18% over the past week through March 13, 2026, reflecting recent weakness in Brazilian equities. Natalia Gurushina, Chief EM Economist at VanEck, says that a sharp increase in Brazil’s inflation expectations for 2026 raises the probability of a policy rate pause this week. In light of this, below is a list of top holdings from the iShares MSCI Brazil ETF ranked according to their Seeking Alpha Quant Ratings. The list is topped by Petróleo Brasileiro S.A. - Petrobras ( PBR ), with a Quant Rating of 4.96. B3 S.A. - Brasil, Bolsa, Balcão ( BOLSY ) and Vale S.A. ( VALE ) follow closely behind with ratings of 4.85 and 4.84, respectively. Companhia de Saneamento Básico do Estado de São Paulo - SABESP ( SBS ) and WEG S.A. ( WEGZY ) round out the top five, both carrying Strong Buy ratings. Other notable Brazilian names on the list include Ambev S.A. ( ABEV ) and Nu Holdings Ltd. ( NU ), each with Buy ratings. Itaú Unibanco Holding S.A. ( ITUB ) and Banco Bradesco S.A. ( BBD ) also appear on the list with Hold ratings. The Quant Rating system grades stocks on their relative performance on various critical quantitative measures, including valuation, growth, stock momentum, and profitability. Ratings are given on a scale from 1 to 5, with any rating of 3.5 or above considered bullish and any rating of 2.5 or below considered bearish. Here is the list: 1. Petróleo Brasileiro S.A. - Petrobras ( PBR ), Quant Rating: 4.96 2. B3 S.A. - Brasil, Bolsa, Balcão ( BOLSY ), Quant Rating: 4.85 3. Vale S.A. ( VALE ), Quant Rating: 4.84 4. Companhia de Saneamento Básico do Estado de São Paulo - SABESP ( SBS ), Quant Rating: 4.75 5. WEG S.A. ( WEGZY ), Quant Rating: 4.55 6. Ambev S.A. ( ABEV ), Quant Rating: 4.02 7. Nu Holdings Ltd. ( NU ), Quant Rating: 3.96 8. Itaú Unibanco Holding S.A. ( ITUB ), Quant Rating: 3.47 9. Banco Bradesco S.A. ( BBD ), Quant Rating: 3.15 More on Brazilian stocks Nu Holdings: Stro...
Live cattle futures found some footing to close out Friday, with gains of 15 cents to $1. December was down $2.20 on the week. Cash trade was reported at $225-227 last week across the country, with a few at $228 in the South. Some late Northern sales were $218-222. Feeder cattle futures posted gains of $1.50 to $2.10 at the close. January held onto a 97 cent gain last week despite, a couple limit ...
Live cattle futures found some footing to close out Friday, with gains of 15 cents to $1. December was down $2.20 on the week. Cash trade was reported at $225-227 last week across the country, with a few at $228 in the South. Some late Northern sales were $218-222. Feeder cattle futures posted gains of $1.50 to $2.10 at the close. January held onto a 97 cent gain last week despite, a couple limit moves both higher and lower. The CME Feeder Cattle Index was back up $1.31 to $343.73 on November 13. On Friday, the White House cut back the tariffs on several food import items, specifically beef among others, though Brazil still has a 40% tariff. Don’t Miss a Day: USDA Wholesale Boxed Beef prices were weaker in the Friday PM report, narrowing the Chc/Sel spread to $16.49. Choice boxes were down $2.84 to $370.73, while Select was 79 cents lower at $354.24. USDA federally inspected cattle slaughter for last week at 576,000. That is 16,000 head above last week and 32,810 head below the same week last year. Dec 25 Live Cattle closed at $219.150, up $0.150, Feb 26 Live Cattle closed at $219.525, up $0.575, Apr 26 Live Cattle closed at $219.575, up $0.975, Nov 25 Feeder Cattle closed at $338.675, up $1.675, Jan 26 Feeder Cattle closed at $320.550, up $2.100, Mar 26 Feeder Cattle closed at $313.350, up $1.575, On the date of publication, Austin Schroeder 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.
Soybeans are trading with sharp losses out of the weekend, down 11 to 32 cents. Futures rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price was down 2 cents at $11.50 1/4. Soymeal futures were down $1.60 to $2.50 higher on the day, as May was up $5.50 on the week. Soy Oil futur...
Soybeans are trading with sharp losses out of the weekend, down 11 to 32 cents. Futures rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price was down 2 cents at $11.50 1/4. Soymeal futures were down $1.60 to $2.50 higher on the day, as May was up $5.50 on the week. Soy Oil futures were mostly within 8 points of unchanged, as May was 86 points higher since last Friday. Crude oil is down $1.76 this morning. US Treasury Secretary Bessent and Chinese counterparts met this weekend in Paris to prep for the meeting between President Trump and President Xi later this month. Following the meeting it was noted that China was open to buying more US ag goods. Late on Sunday President Trump stated there could be a delay in the meeting with China, while also expecting to see China help unblock the Strait of Hormuz, with some thinking that the two are tied to one another. Don’t Miss a Day: Weekly CFTC data via the Commitment of Traders report indicated another 23,205 contracts added to the managed money net long in soybean futures and options. That took the net position to 222,107 contracts. Specs in bean oil added another 33,329 contracts to their net long at 108,838 contracts. USDA Export Sales data has soybean export commitments at 36.49 MMT by 3/5, a 19% drop from the same period last year. That is now 85% of USDA’s estimate for 2025/26 and behind the 93% average sales pace. Shipments are 27.15 MMT, and now 63% of that USDA number and behind the 79% average pace. NOPA data will be out this morning, with traders looking for the February crush total at 202.73 mbu. Soybean oil stocks are seen at 1.928 billion lbs. Brazil’s soybean harvest was tallied at 61% complete by Thursday according to AgRural, behind the 70% pace from last year. May 26 Soybeans closed at $12.25 1/4, down 2 cents, currently down 32 cents Nearby Cash was $11.50 1/4, down 2 cents, Jul 26 Soy...
Wheat is trading with mixed action on your Monday morning, as spring wheat is continuing to lead the bull charge. Futures were swimming against the bearish tide on Friday, or perhaps unwinding some inter-market spreads. In any event, all three US markets were higher. Chicago futures settled 5 to 8 cents higher. Kansas City contracts were up 5 ¼ to 7 ¾ for the day. MPLS spring wheat continued its m...
Wheat is trading with mixed action on your Monday morning, as spring wheat is continuing to lead the bull charge. Futures were swimming against the bearish tide on Friday, or perhaps unwinding some inter-market spreads. In any event, all three US markets were higher. Chicago futures settled 5 to 8 cents higher. Kansas City contracts were up 5 ¼ to 7 ¾ for the day. MPLS spring wheat continued its mini-rally, up 8 ¾ to 9 ¼ on the day. FranceAgriMer estimates the French soft wheat crop at 52% gd/ex, a 5% drop from the week prior. Last year was 80%. The crop is now 14% harvested, compared to 51% last year and an average at 43%. The Russian Ag Ministry is working hard to push export sales right now, cutting the export tax to 1,540.40 rubles (about 13.5%) and effective through July 31. IKAR is expecting Russian wheat exports to slow to 55 MMT, but the effects of smaller production on exports are more likely to be observed in the second half of the marketing year after the big piles (figurative) are gone. The Friday afternoon Commitment of Traders report from CFTC showed the managed money spec funds drifting more bearish during the week, adding 6,749 contracts to their Chicago net short and 3,085 contracts to their net short in KC HRW futures during the week ending July 16. Sep 24 CBOT Wheat closed at $5.42 3/4, up 7 1/2 cents, currently up 1 ½ cents Dec 24 CBOT Wheat closed at $5.68, up 8 cents, currently up 1 ¼ cents Sep 24 KCBT Wheat closed at $5.70, up 7 1/4 cents, currently down ¼ cents Dec 24 KCBT Wheat closed at $5.86 3/4, up 7 3/4 cents, currently down ½ cents Sep 24 MGEX Wheat closed at $6.09 3/4, up 9 1/4 cents, currently up 4 ¾ cents Dec 24 MGEX Wheat closed at $6.29 1/2, up 9 1/4 cents, currently up 3 ¼ 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 v...
Lean hog futures closed with contracts up 20 to 60 cents on Friday, as February was up $3.07 on the week. The national average base hog negotiated price was reported at $83.17 on Friday afternoon, down $3.06 from the day prior. The CME Lean Hog Index was reported at $85.05 on February 5, up 45 cents from the previous day. Managed money added 3,393 contracts back to their net long position in lean ...
Lean hog futures closed with contracts up 20 to 60 cents on Friday, as February was up $3.07 on the week. The national average base hog negotiated price was reported at $83.17 on Friday afternoon, down $3.06 from the day prior. The CME Lean Hog Index was reported at $85.05 on February 5, up 45 cents from the previous day. Managed money added 3,393 contracts back to their net long position in lean hog futures and options as of 2/4, taking the position to 95,329 contracts. USDA’s FOB plant pork cutout value was $1.36 higher in the Friday AM report at $97.00 per cwt. The loin and rib primals were reported lower, with the belly leading the way higher, up $7.52. Federally inspected hog slaughter for last week was estimated at 2.536 million head. That was 33,000 head below last week on lower Saturday kill and down 87,899 head from the same week last year. Feb 25 Hogs closed at $87.250, up $0.600, Apr 25 Hogs closed at $92.150, up $0.400 May 25 Hogs closed at $96.025, up $0.200, 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.