Corn market sees slight pullback in prices

Corn market sees slight pullback in prices

While many producers have pulled back on corn harvest in order to move forward on soybean harvest, the corn market too has seen a bit of a pullback. /PRNewswire/ — The Conference Board Innovation α Index powered by M•CAM for the United States increased 8.8% in Q3 2020 and, at quarter’s end, is up nearly… BELIZE CITY, Belize, Sept. 30, 2020 /PRNewswire/ — DueDEX announces its industry-first zero-fee LINK/USDT Futures Trading, opening new paths to diversification and profitability. Trading Advice and Technical Analysis for BK On Tuesday, in the course of current trade, shares of Baidu, Inc. (NASDAQ:BIDU) climbed 2.43% or 3.54 points, as iQIYI members to enjoy widely anticipated TV Series months before Broadcast Premier. After the declaration of […] Evaluating which party plays more into the hands of investors requires some nuance and a clear analysis of what the secret sauce is that makes Wall Street’s motor run.

While many producers have pulled back on corn harvest in order to move forward on soybean harvest, the corn market too has seen a bit of a pullback.

“We’ve seen a pullback in the corn market as of late,” said Randy Martinson, Martinson Ag Risk Management, Fargo, N.D., on Sept. 29. “Corn has been a little more sluggish of a market. It’s been trying to rally, but it hasn’t had tremendous strength. It did hit some pretty good levels a couple weeks ago when all the markets were trading with some fairly good strength. Corn was still just a little lackluster, but we were still putting in that level we haven’t seen since pre-COVID in the March timeframe. Everybody was feeling a little bit satisfied with the run.”

Looking at demand, Martinson said it hasn’t been as strong in corn like it has been in soybeans. While soybean sales “have been going great guns,” corn sales have been steadier. But, with that said, corn sales are still running very good compared to last year at this time.

“We’re only a month into the marketing year and we’ve already sold somewhere in the area of 36 percent of USDA’s expectations, so it has been strong,” Martinson said. “But we don’t think that production or the yields have been hit as bad with the frost and with the dry conditions, so that is the part that’s kind of keeping the corn market a little at bay and not seeing as much strength.”

Overall, Martinson feels corn may see a little cut in production in the next few reports from USDA, but its ability to use that as an impetus to increase sales won’t be as great as it will be with soybeans. “Still, it’s got a chance to see a little bit of a push if China continues to buy aggressively and that’s the one caveat that we’re not quite sure of,” he said.

At this time, China is only estimating that it’s only importing 7 million metric tons (MMT) of corn for the 2020 calendar year. China has already bought somewhere in the area of 9-10 MMT from the U.S., and a couple from the Ukraine, so the U.S. knows they’re going to be bringing in more than what they’ve been signaling.

Martinson pointed out there are rumors, because of some of the typhoons and the increase in production with the livestock in China, that China is going to have to import closer to 30 MMT.

“However, their price has been running very strong in-country because of inflation and tight supplies,” he said. “It’s now started to drop, so that’s leading some to believe that maybe China won’t be importing as much as was first signaled and that they might be getting enough to get some of their needs met.”

The next big thing to keep an eye on is what’s going to happen in Argentina and Brazil. Brazil is dry, so it’s likely they’re going to slow down their planting of soybeans, which will delay their harvest and in turn will delay their second crop of corn planting. And Argentina continues to be dry, as well, which is going to trim some of their production.

“So it does look like that if exports are going to take place, the U.S. will be the market. It’s just a matter of where the demand is going to be and from who,” he said.

Local prices are running right in that $3.10-$3.30 area depending on where your basis is running. Producers are looking at $3.17 for harvest delivery or $3.20-$3.30 when you get out a little bit further in the calendar.

“It does look like basis tightens a little bit when you get a little bit further out, too, so that’s where a lot of the support comes from,” he said.

At one local elevator in west central Minnesota regularly followed in this column, as of Sept. 29, the August price for corn was $3.16 and basis was -45 cents under. The January 2021 futures price was listed at $3.71 and basis was -4 cents under.

As stated earlier, corn harvest has not been as aggressive as soybeans. Corn harvest is at 15 percent complete, right in line with the five-year average, but it’s about 5 percent less than what the trade was anticipating. As in many places, producers have switched over to combine beans and get them off, figuring the corn could hold if worse comes to worse. At this time the weather forecasts are good. It’s going to be cool, but dry and that should help keep harvest progress going at a good clip for the next couple weeks.

And as producers work at harvest, they also have to consider marketing their product. Martinson said he has recommended selling above a $3.65 level.

“I would continue to look at selling when the market gets above that,” he said. “Basis levels continue to be fairly strong and I think they’re going to remain strong through the winter because we have so little corn planted in the Northern Plains that the end users, the ethanol plants, are going to have to be aggressive to get the corn brought out of the bin. So I think our basis levels will widen here at harvest, but then they’ll tighten back up again as soon as we get past harvest because they’re going to need the product.

“Futures though is going to focus more on what’s going to happen with the crop, more in the Corn Belt and right now it does sound like yields are coming in fairly good,” he added.

On the ethanol side of things, production has been waffling right around that 900,000-950,000 barrels per week.

“It’s been fairly constant in that area since we’ve recovered from the worst of the COVID period, and it looks like it’s probably going to stay right in that area, so it’s going to maybe a little less than anticipated by USDA for the corn usage going in there,” he said. “But if we can get the vaccine done and we can start being a little more comfortable in traveling, I think then we’re going to be looking at an increase that could go over a million barrels a week. I do think we have a chance to build that market up a little but it’s going to take probably into spring before we see that.”

Source: www.agupdate.com

Author: MARK CONLON, For Lee Agri-Media


Innovation α Index: Global COVID-19 pandemic disruptions take a toll on the power of new innovations to drive market value

Innovation α Index: Global COVID-19 pandemic disruptions take a toll on the power of new innovations to drive market value

NEW YORK, Oct. 1, 2020 /PRNewswire/ — The Conference Board Innovation α Index powered by M•CAM for the United States increased 8.8% in Q3 2020 and, at quarter’s end, is up nearly 1.7% from a year ago. The parallel Innovation α Global Index, which tracks innovative companies worldwide, increased 6.9% in Q3, and is up 3% from a year ago.

By comparison, the U.S. Russell 1000 rose 10.2% in Q3, while the global MSCI ACWI grew 7.6%. Normally in the long run, both the U.S. and Global Innovation α Indexes outperform broad indexes like the Russell 1000 and MSCI ACWI, but this was not the case in Q3 2020—and has not been year-to-date. In the United States, the Q3 data show that innovative companies in Retail Trade, Producer Manufacturing, and Process Industries performed well, while Energy Minerals, Distribution Services, and Communications lagged other sectors. Globally, Q3’s top-performing sectors were Consumer Non-Durables, Commercial Services, Process Industries, Retail Trade, and Consumer Durables. Energy Minerals posted the worst quarterly performance in the global index.

“Some of the sectors relying heavily on incremental innovations, such as Retail Trade, Consumer Non-Durables, and Producer Manufacturing have performed quite well in Q3,” said Dana M. Peterson, Executive Vice President and Chief Economist at The Conference Board. “But their weights in the Innovation α Index aren’t as high as those for the technology-related sectors, which have shown a more mixed picture. Entering Q4, Electronic Technology, Health Technology, and Technology Services—which together make up about half of the index—are the sectors to watch. They will be key players in providing new innovations and providing a more structural response to the long-lasting effects of COVID-19—the pandemic itself, plus the disruptions set in motion through social-distancing and work-from-home policies.”

The Innovation α indexes reflect stock-market performance from one of the most fundamental sources of business growth—namely, the innovation capabilities of companies. The indexes are expected to yield long-term results that exceed market averages. Because the market performance of companies is driven by many factors in the short term, the index returns can fluctuate compared to benchmarks. Measurement of innovation outcomes requires a long-term focus. For example, the cumulative growth of $1000 invested in the Innovation α U.S. Index in January 2013 exceeds the cumulative growth of the same amount invested in the Russell 1000 index by about 10 percent.

In the U.S. index, the weights for Q4 increased the most for Technology Services, Energy Minerals, Consumer Durables, Health Services, and Producer Manufacturing. Retail Trade, Producer Manufacturing, and Process Industries showed the highest quarterly performance in the third quarter.

In the global index, Technology Services, Consumer Non-Durables, and Health Technology saw their weights for Q4 increase the most. Commercial Services, Consumer Non-Durables, Process Industries, Retail Trade, and Consumer Durables showed the highest quarterly performance in the third quarter.

“After two full quarters of global business realignment triggered by the global COVID-19 pandemic disruptions, there is compelling evidence that the power of innovation to drive market value and returns can be significantly impacted by market exogenous forces,” said David Martin, CEO of M•CAM International. “Upon closer inspection, the sectors which perform better benefited from spending on existing products and services with little innovation associated rather than new and innovative market offerings.”

Latest insights from the Innovation α Index
The Conference Board Innovation α Index powered by M•CAM was developed by M•CAM, an investment firm that analyzes intellectual property and intangible assets to support credit and equity products. It consists of two indexes that rank and identify the 100 most innovative U.S. companies in the Russell 1000 universe of companies and the 120 most innovative global companies in the MSCI World Index universe of companies.1 The selection is determined by the potential of those companies to generate substantial revenue growth through the use of proprietary technologies and innovations. The rankings result from a series of algorithms that gauge a company’s innovation standing by analyzing their patents, trademarks, and copyrights, and the value generated from them.

For the 2020 Q4 index reset, the indexes were reweighted on October 1, 2020 depending on the expected performance of their constituents.

In the U.S. index, the top five ranked companies (based on their index weights for Q4 of 2020, with their sectors shown in parentheses) are Microsoft Corporation (Technology Services), Procter & Gamble Company (Consumer Non-Durables), Halliburton Company (Industrial Services), Genworth Financial, Inc. Class A (Finance), and International Business Machines Corporation (Technology Services).

In the global index, the top five ranked companies (based on their index weights for Q4 of 2020, with their sectors shown in parentheses) are Daimler AG (Consumer Durables), Apple Inc. (Electronic Technology), Microsoft Corporation (Technology Services), adidas AG (Consumer Non-Durables), and Bayer AG (Health Technology).

“While the indexes reflect the disruptions brought on by social distancing and working from home, they also raise the potential that continuing recession and disruptions may take a toll on the development of fundamentally novel innovations in 2020,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “For example, in the diagnostics and testing arena, most of the technologies deployed in response to the challenges posed by COVID-19 are derived from relatively dated patent portfolios. According to our research partner M-CAM’s work, the coronavirus patent landscape—which includes over 5,100 patents on the virus, its detection, treatments, and vaccines—features an average patent age of over ten years.”

About the Innovation α Index
The Conference Board Innovation α Index powered by M•CAM features 120 global and 100 U.S. rankings of large public companies in two separate indexes. The constituent companies in the indexes are expected to generate higher stock market performance than those that are not in the index because they invest in intangible assets and effectively deploy their innovations. The U.S. and global indexes enable a direct look at the financial outcomes of the companies’ innovation activity that arises out of their intangible investments such as patents, trademarks, and copyrights.

The indexes demonstrate that companies that focus on innovations – those protected with proprietary rights – will perform better in financial markets in the long term. The companies in the indexes are weighted according to each firm’s ability to invest in, develop, control, and deploy intellectual property to achieve strategic advantage over competitors. The index is rules-based and is reweighted quarterly on the first trading day of January, April, July, and October. The index is also reconstituted annually on the first trading day of January. During the reconstitution, up to ten percent of the index components may be replaced. Stock prices and market capitalization are not factors in determining index weighting.

More information on the innovation index is available in a white paper (available here), which details the methodology and results. A complete ranking of the most innovative companies (U.S. and global), their weights in the indexes, and their changes in weights is also available here.

About The Conference Board Innovation α United States Index powered by M•CAM
The U.S. index uses a quantitative, rule-based methodology to measure the performance of top 100 U.S. companies in innovation ability. The universe of the index are equities of companies similar to those in the Russell 1000, including the 1000 U.S. companies with the largest market capitalization.

About The Conference Board Innovation α Global Index powered by M•CAM
The global Index uses a quantitative, rule-based methodology to measure the performance of the top 120 global companies in innovation ability. The universe of the index is similar to the MSCI World Index, including companies from the U.S., Europe, Japan, etc.

M•CAM, the index owner, measures the innovation ability of companies by analyzing their powers in the control and deployment of intellectual property (IP), including patents, trademarks, and copyrights, etc. Since 1998, M•CAM has aggregated and maintained the world’s largest organized repository of state-granted IP from over 160 countries. This analysis provides an absolute qualitative and quantitative measure of each individual company’s innovation and management thereof. It also provides a relative score of how one company’s performance is likely to compare with others with whom it cooperates or competes. 

About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.

1 United Technologies Corp and Raytheon Company completed an all-stock merger and formed Raytheon Technologies Corporation effective on April 4th, 2020. Consequently, United Technologies Crop and Raytheon Company have been deleted from the INAU index and Raytheon Technologies Corporation has been added, leading to a total of 99 companies in INAU index for 2020Q3.

SOURCE The Conference Board

http://www.conference-board.org

Source: www.prnewswire.com

Author: The Conference Board


DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading

DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading

BELIZE CITY, Belize, Sept. 30, 2020 /PRNewswire/ — DueDEX announces its industry-first zero-fee LINK/USDT Futures Trading, opening new paths to diversification and profitability.

With new exchanges cropping up, trading becoming ever-more popular, and the interest in Crypto and DeFi rising by the day, the trading market has been crying out for something special to hit for quite some time.

That moment comes now, as DueDEX releases news of its zero-fee LINK/USDT perpetual swap trading. This means that no trading fee or monthly membership fee will be charged for either takers or makers, and it’s unconditional and permanent. Coupled with no KYC (Know Your Customer) and hassle-free access, DueDEX becomes the first crypto futures exchange to offer free trading experience.

This news will come as a breath of fresh air in a market where fees on perpetual contracts sit well above 0.05%. Having the freedom to now make profit on break-even trades, and to generate that extra bit of profit when liquidating is fantastic news for traders. DueDEX now extends its reach into the market, having established itself as one of the most powerful algorithmic trading systems, which can be used by asset managers and everyday traders alike.

Catching the DeFi Wave with LINK

What’s more, is that DueDEX is leading the field, boasting the lowest fee rate in the market for this contract. The announcement comes perfectly placed in the wave of DeFi interest – with Chainlink (LINK) being one of the most prolific DeFi projects to emerge this year, having changed the game by providing an oracle for real world data to enter the blockchain. The market has already cottoned on to its immense potential – and with prices up over 500% in a year, traders could very well be poised to make record-breaking returns when trading LINK/USDT on DueDEX.

Bo Wang, CEO of DueDEX had the following to say about the release of zero-fee LINK/USDT trading:

“We are branching out into new things all the time at DueDEX, but this is the first time we can offer unconditional, permanent zero fees. With DeFi surging, we have been looking for opportunities to further diversify our offer, with a special attention to algorithmic traders and asset managers, who will find the perfect product in our new contract.”

He went on to say:

“There is little doubt this news will be welcomed by our traders, as it is a big step toward improving its trading profitability. For the same reason, we are eyeing the possibility of adding more zero-fees contracts in the near future.”

LINK/USDT joins the established and successful perpetual trading pairs BTC/USDT and ETH/USDT on the DueDEX exchange. With the community at the heart of the DueDEX mission, leverage will be set at a maximum of 50x to promote risk management and protect users from unexpected downturns. This is the first time DueDEX has offered unconditional, permanent zero fees.

A Year of Progress

2020 has been a fantastic year for DueDEX, and zero-fee LINK/USDT trading only adds to the progress made this year for the exchange and traders alike. February 2020 saw the release of the DueDEX Risk Manager, which gives users a statistical edge over risk, allowing them to place orders, or make adjustments on the fly, by setting up the risk level, Stop Loss, Take Profit, the percentage of equity and risk-reward ratio with “one-click” trading execution.

With so much happening this year on the DueDEX exchange and within the DeFi ecosystem, the question is obvious:

When will you take advantage of zero fees for LINK/USDT contracts?

30 Second Sign-up: https://www.duedex.com/register

Check out the DueDEX API: https://github.com/DueDEX/API-Documentation

Media Contact Details

Contact Name: DueDEX Support
Contact Email: support@duedex.com

DueDEX is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

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Source: www.wfmz.com

Author: DueDEX


Bank Of New York Mellon $BK Trading Report

Bank Of New York Mellon $BK Trading Report

The Bank Of New York Mellon (NYSE: BK) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for BK, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, but prices change and so do support and resistance levels. Update this report, and get unlimited real time reports here Unlimited Real Time Reports.

Continued Below

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Technical Summary

The Technical Summary and Trading Plans for BK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this BK Report.

The technical summary data tells us to buy BK near 33.26 with an upside target of 38.26. This data also tells us to set a stop loss @ 33.16 to protect against excessive loss in case the stock begins to move against the trade. 33.26 is the first level of support below 34.12 , and by rule, any test of support is a buy signal. In this case, support 33.26 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of BK as it gets near 38.26 with a downside target of 33.26. We should have a stop loss in place at 38.37 though. 38.26 is the first level of resistance above 34.12, and by rule, any test of resistance is a short signal. In this case, if resistance 38.26 is being tested, a short signal would exist.

BK Long Term Analysis

BK EPS Analysis

BK Dividend Chart

BK Revenue chart

BK Growth rate - Quarterly

BK Growth rate - Yearly

BK PE chart

BK PEG chart

Source: news.stocktradersdaily.com

Author: October 01, 2020, BY Thomas H. Kee Jr – Editor, Stock Traders Daily | Subscribe to RSS


Current Trade News Alert: Baidu, Inc. (NASDAQ:BIDU) Stock Climbed Almost 3% Today. | BNinvestors

Current Trade News Alert: Baidu, Inc. (NASDAQ:BIDU) Stock Climbed Almost 3% Today. | BNinvestors

On Tuesday, in the course of current trade, shares of Baidu, Inc. (NASDAQ:BIDU) climbed 2.43% or 3.54 points, as iQIYI members to enjoy widely anticipated TV Series months before Broadcast Premier.

After the declaration of this news, the firm opened its current trade at $151.34. The stock is now trading at $149.49, floating in a range of $149.33- $152.86. The total volume traded for the day is 1,459,241 shares, as of now, lower than its average daily volume of 4,456,610 shares. The stock’s 52-week range remained $100.00 $251.99.

According to the detailed report, iQIYI, an independently operated partner of Baidu and one of the largest Internet and mobile video service providers in China, today declared that it will launch a highly anticipated TV series before its broadcast premier, highlighting its efforts to offer more diversified services to its paid users.

iQIYI paid users will enjoy access to the series called Shu Shan Zhan Ji, for which iQIYI has attained the exclusive online rights, several months before its TV premier.

The ability to view premium content before it airs on broadcast TV has proven highly popular among iQIYI subscribers, said Xianghua Yang, iQIYI senior vice president. Our recent trial with Notes of Tomb Raiders demonstrated that Chinese viewers are willing to pay to watch high-quality content as soon as possible. We will continue to explore new ways to offer our members an even better online viewing experience.

This is the first time in China that a highly anticipated, star-driven TV series will be aired online before its TV premier. In the past, TV series have been either broadcast first on television, or simultaneously on both television and online platforms. With Notes of Tomb Raiders, iQIYI began testing a new distribution model, highlighting its growing cooperation with cable TV networks for the distribution of premium content in China.

Building on the success of Tomb Raiders, Shu Shan Zhan Ji will adopt a new distribution model enabling subscription users to access premium content earlier, representing a step forward in the evolution away from advertising to a subscription based revenue model for premium content.

iQIYIs self-produced TV series Notes of Tomb Raiders, released in June 2015, was produced exclusively for online viewers and will not be shown in television. It has enjoyed enormous popularity in China and has assisted to drive the strong popularity of iQIYIs subscription service.

iQIYI has built one of the largest movie libraries in Chinas online video industry and recently declared a contract with Paramount Pictures to acquire the Internet broadcast rights for 800 existing and future movies.

According to a recently released App Annie report, in July 2015 the Companys iQIYI Video HD app ranked as the 6th most downloaded app worldwide and 9th by revenue. The app also ranked among the top five iOS Entertainment apps in China by monthly active users.

Founded in April 2010, iQIYI is one of the largest Internet and mobile video service providers in China. An independently operated partner of Baidu, the worlds largest Chinese search engine, iQIYI is focused on providing Chinese users with the best possible online video experience, and has become an industry leader in developing innovative products and technologies.

In addition to major news, short-term price target update for Baidu, Inc. (BIDU) is available.
The mean estimate for the short-term price target for the firm stands at $1,377.27, according to 27 brokers. The higher price target for BIDU is $1,576.02, while the lower price target is $1,112.11. In the past 52-weeks, the company shares have declined -33.51% and marked new low $100.00 on Aug 24, 2015.

Analysts mean recommendation for the stock is 2.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.

Source: stocksnewswire.com

Author: About Travis Garlick

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Which party is really better for the stock market? It depends

Which party is really better for the stock market? It depends

A combination picture shows U.S. President Donald Trump and Democratic presidential nominee Joe Biden speaking during the first 2020 presidential campaign debate, held on the campus of the Cleveland Clinic at Case Western Reserve University in Cleveland, Ohio, September 29, 2020.

Brian Snyder | Reuters

Everyone knows that Republicans are better for the stock market, right?

Actually, that’s not true. So it must be Democrats.

But wait. That’s not so accurate, either.

In reality, evaluating which party plays more into the hands of investors requires some nuance and a clear analysis of what the secret sauce is that makes Wall Street’s motor run.

The partisan question comes into view every four years or so as the nation makes its way to the polls to decide who is going to occupy the Oval Office. President Donald Trump has overseen a solid market performance, but his opponent, Democrat Joe Biden, has said that the rise has come amid a backdrop in which economic gains have flowed mostly to the rich.

Conventional Wall Street wisdom is that putting a pro-business Republican in charge would seem to be better for the stock market. Time has shown, though, that the S&P 500, at least, has fared better when Democrats own the presidency.

But that doesn’t tell the whole story.

“The stock market has done well historically under Democrats. Now Republicans will say, ‘Sure it does, because we got things ready for it. We fixed the economy,” said Quincy Krosby, chief market strategist at Prudential Financial. “But the fact is, there’s always something to invest in.”

Source: www.cnbc.com

Author: Jeff Cox


Corn market sees slight pullback in prices


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