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1917

Abstract

pan’s NIKKEI index was up 2% last night, reached 34,000 points. It was the first time since 1990. Same question applies to Japanese stocks market as US markets, why? Are Japanese companies making huge profits last year? Money is always moving to the safest place with higher margins, not staying in same place for a second.<figure id="438d"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*Iv32Upst9U8cgTgykbIdpA.png"><figcaption></figcaption></figure>US dollar index was downed by 0.2%, ended at 102.36 points. Euro was up 0.4% against US dollar today but Japanese Yen was downed by 0.8%. Japanese Yen was ended at 145.68 yen per US dollar today. Interesting match with NIKKEI and Japanese Yen recently.Gold was downed by 0.3%, ending at $2,024.29 per Oz.<figure id="dc11"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*GCQ5kksK77eLDPIjwduD3g.png"><figcaption></figcaption></figure>Crude oil price was downed today with higher oil stocks of USA. Based on NYMEX Brent oil price was downed by 1.0%, ending at$ 76.80 per barrel. Still, all those geopolitical issues of Middle East continue and supply enough fears to the markets.But overall, global energy markets are tired of these political issues and wants to focus on more fundamental factors.<figure id="e812"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*NB3IEb2-9npXG1FkqysPEQ.png"><figcaption></figcaption></figure>In the agricultural markets today, same tunes as yesterday but in opposite directions. USDA’s WASDE report will be out this Friday. Brazil’s CONAB trimmed their production estimates of corn and soybeans. So, a bit confusing now..Let’s see some details of the day.CHICAGO CORN MARKET was up 0.05% today. Brazil’s CONAB reported its BRAZILIAN CORN PRODUCTION numbers to 117.

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6 MILLION TONS, trimmed by 1 MILLION TONS from a month ago, a year ago, CORN PRODUCTION number was 131.9 MILLION TONS. Although players are more interested in how the USDA will do in its WASDE report this Friday. With all these BULLISH FACTORS, we may wonder why CORN MARKET is not rallying up anymore.. Possible DEMAND issues might be the biggest BEARISH FACTOR for CORN MARKET in 2024. OPEN INTERST in CHICAGO CORN market was up another 16K LOTS yesterday with more INDEX BUYING. As of today, total open interest in CHICAGO CORN market was over 100k LOTS since end of Dec. AREGNTINE’s ROSARIO GRAIN EXCHANGE estimates CORN PRODUCTION at 56 MILLION TONS with 78% planted so far but some private companies estimate near 60 MILLION TONS with favorable weather during the last few weeks.CHICAGO SOYBEAN MARKET was downed again today. SOYBEAN PRICE was downed by 1.0%, SOYBEAN MEAL price was downed by 0.9% and SOYBEAN OIL price was downed by 0.4%. BRAZIL’s CONAB trimmed its SOYBEAN PRODUCTION number to 155.3 MILLION TONS from 160.2 MILLION TONS. Some private companies are estimating under 150 MILLION TONS but USDA will follow with CONAB’s number in coming Friday. ARGENTINE’s ROSARIO GRAIN EXCHANGE reported their SOYBEAN production number at 50 MILLION TONS with favorable rains with 86% planted so far. South America’s favorable weather to crops is pulling down prices of SOYBEAN GROUP.CHICAGO WHEAT MARKET was up 0.1%, mainly technical actions. 420K MT of GASC tender, UKRAINE and RUSSIAN origins swiped the tender at average $265/MT FOB. USDA’s WASDE report would be the key factor for WHEAT MARKET as well. WINTER WHEAT STORM is hitting the US MIDWEST this week and another system will start at the end of this week. Heavy snow cover will be good for the winter wheat for now. LONDON FEED WHEAT was downed by 0.3% and PARIS MILLING WHEAT was up 0.9% today.</article></body>

JAN 10. Taiwanse election this coming weekend…

This weekend, Taiwan will have a very important elections of their history. Who’s going to be the president and secure the major seats in parliament, will decide Taiwan’s future. China don’t want the current presidency by DEMOCRATIC PROGRESSIVE PATY. China called them, separatist. But still, China is the biggest trade partner of Taiwan, trading at $224 BILLION last year.

If the opposition party, KUOMINTANG (KMT) wins the elections, Taiwan could be the next HONGKONG in very fast mode and China is intervening this election in many ways already. So, what could be the Taiwan people’s real choice this time?

If DPP wins again, China will invade Taiwan?

The year of 2024 will be the year of the global elections and many geopolitical situations will be changed. Taiwan’s election will be the starting point in this coming weekend.

US stock market was up today with rallies from MEGA CAP stocks again. DJ Index was up 0.5%, S&P 500 index was up 0.6% and NASDAQ index was up 0.8%. Why were US stocks up on the eve of CPI report day? Good question! Markets are expecting higher CPI numbers tomorrow and this news well spread to the market already. Higher inflations might push FED to hesitate to lower the rate and that might hurt the stock markets.

We need to careful on our positions if you have any… Let’s wait and see tomorrow’s macro numbers. Apple was up 0.6%, Amazon was up 1.6%, MS was up 1.9% and Tesla was downed by 0.4%.

Japan’s NIKKEI index was up 2% last night, reached 34,000 points. It was the first time since 1990. Same question applies to Japanese stocks market as US markets, why? Are Japanese companies making huge profits last year? Money is always moving to the safest place with higher margins, not staying in same place for a second.

US dollar index was downed by 0.2%, ended at 102.36 points. Euro was up 0.4% against US dollar today but Japanese Yen was downed by 0.8%. Japanese Yen was ended at 145.68 yen per US dollar today. Interesting match with NIKKEI and Japanese Yen recently.

Gold was downed by 0.3%, ending at $2,024.29 per Oz.

Crude oil price was downed today with higher oil stocks of USA. Based on NYMEX Brent oil price was downed by 1.0%, ending at $76.80 per barrel. Still, all those geopolitical issues of Middle East continue and supply enough fears to the markets.

But overall, global energy markets are tired of these political issues and wants to focus on more fundamental factors.

In the agricultural markets today, same tunes as yesterday but in opposite directions. USDA’s WASDE report will be out this Friday. Brazil’s CONAB trimmed their production estimates of corn and soybeans. So, a bit confusing now..

Let’s see some details of the day.

CHICAGO CORN MARKET was up 0.05% today. Brazil’s CONAB reported its BRAZILIAN CORN PRODUCTION numbers to 117.6 MILLION TONS, trimmed by 1 MILLION TONS from a month ago, a year ago, CORN PRODUCTION number was 131.9 MILLION TONS. Although players are more interested in how the USDA will do in its WASDE report this Friday. With all these BULLISH FACTORS, we may wonder why CORN MARKET is not rallying up anymore.. Possible DEMAND issues might be the biggest BEARISH FACTOR for CORN MARKET in 2024. OPEN INTERST in CHICAGO CORN market was up another 16K LOTS yesterday with more INDEX BUYING. As of today, total open interest in CHICAGO CORN market was over 100k LOTS since end of Dec. AREGNTINE’s ROSARIO GRAIN EXCHANGE estimates CORN PRODUCTION at 56 MILLION TONS with 78% planted so far but some private companies estimate near 60 MILLION TONS with favorable weather during the last few weeks.

CHICAGO SOYBEAN MARKET was downed again today. SOYBEAN PRICE was downed by 1.0%, SOYBEAN MEAL price was downed by 0.9% and SOYBEAN OIL price was downed by 0.4%. BRAZIL’s CONAB trimmed its SOYBEAN PRODUCTION number to 155.3 MILLION TONS from 160.2 MILLION TONS. Some private companies are estimating under 150 MILLION TONS but USDA will follow with CONAB’s number in coming Friday. ARGENTINE’s ROSARIO GRAIN EXCHANGE reported their SOYBEAN production number at 50 MILLION TONS with favorable rains with 86% planted so far. South America’s favorable weather to crops is pulling down prices of SOYBEAN GROUP.

CHICAGO WHEAT MARKET was up 0.1%, mainly technical actions. 420K MT of GASC tender, UKRAINE and RUSSIAN origins swiped the tender at average $265/MT FOB. USDA’s WASDE report would be the key factor for WHEAT MARKET as well. WINTER WHEAT STORM is hitting the US MIDWEST this week and another system will start at the end of this week. Heavy snow cover will be good for the winter wheat for now. LONDON FEED WHEAT was downed by 0.3% and PARIS MILLING WHEAT was up 0.9% today.