WEEKLY SNAPSHOT: Wheat's Recovery - - - Equities Roar - - - USD Struggles - - - Cattle Update - - - Natural Gas Bottoming

MARKET HIGHLIGHTS OVER PAST WEEK

Stock markets had a great week, recovering from previous week declines The NASDAQ recovered all of previous weeks losses. The SOX (semi-conductor index) soared 10% to nearly offsetting previous week price whitewash. But China equities are struggling as their recession deepens . . . . China now experiencing out-of-control deflationary pressures. Deflation also an ‘unadvertised risk’ for North American markets. The Shanghai Composite and CSI 300 now in one (1) month losing skid.

Commodities overall were mostly higher. Minneapolis spring wheat futures made a noticeable move higher this past week. Chicago Wheat futures have jumped 12% over the past three (3) weeks.

Coffee surged, but extremely overbought technically. Cocoa and Aluminum saw gains. The exception in grains was the canola price hammering late week. ICE canola futures are now extremely oversold. Gold continues surging, but now in extreme overbought territory. Silver prices surged 10%. Palladium gained nearly 20% last week. Hot Rolled Steel has spent four (4) months technically oversold.

The loonie (CAD) fell back on energy market weakness and political uncertainty. The U.S. Dollar fell sharply (now heavily oversold) contributed to gold’s powerful late week record-breaking gains.

Let’s take a look at lean hogs, the U.S. dollar, natural gas and recent cattle market movement.

And an educational segment: COMMODITY MARKETING TIPS HEADING INTO 2025

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