It could be a very volatile week ahead as the market deals with factors that could slow US economic growth in the short term.
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Friday, July 21, 2017. The stronger Real has been a helpful outside market for US farmers. Keep an eye on how it handles this resistance area…
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Thursday, May 18, 2017. In turn this could trigger a wave of soybean and corn selling among Brazilian farmers as their goods are prices higher in local currency terms. Developing… July Soybeans last trade 9.55 (-21’0) July Corn last trade 3.65… Read more.
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Tuesday, May 9, 2017. Old crop US soybeans remained in favor this year longer than normal due to farmers in Brazil holding back on selling due to a strong domestic currency. A weaker Brazil currency helps Brazilian producers to attract export… Read more.
One almost can’t tell if the world economy is getting better or worse.
Economic skies continue to brighten as some of the most troubled areas of the world (the Euro zone and Japan) are beginning to show some improvement and the only major nations that appear to be degrading are Brazil and Russia.
Just when it seemed like global economic sentiment was showing signs of improving (or at least stop getting worse), it was dealt a blow with new fears of a return to recession in the Euro zone.
The Brazilian real moderately rose in value on Thursday against the world’s reserve currency, marking its first gains in three days against its cross-Atlantic rival, according to Bloomberg.
The monetary unit of Latin America’s largest economy endured losses on Monday against the U.S. dollar for the first time in five days, Bloomberg reports.