Market Quips A selection of recent comments in the meeting rooms of Washington...
NSA Spying: During a conference call about implementation of the Dodd-Frank financial reform law, one person queried why brokers should be required to record their conversations with customers when apparently the NSA is already taking care of that?! Hare vs. Tortoise: Regular and persistent question - do commercials move too slow versus the hedge funds and consequently lose money? Or, do the hedge funds persistently over-shoot the market, allowing the commercials to profit? Moving Target: Too many analysts study market positions when it is the change in positions and not the positions by themselves that determine prices. However, position data is av...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
