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Cotton futures are trading with 15 to 30 point losses on Friday. The US dollar index is down 343 points, with crude oil losing $1.64 per barrel. USDA’s Export Sales report showed 4.213 million RB of cotton sold or shipped so far for the 2024/25 marketing year. That is 37% of the current USDA export projection from the WASDE balance sheet and 12 percentage points behind the 5-year average pace.ICE cotton stocks were unchanged on August 15, leaving 15,526 bales of cert stocks. The Cotlook A Index was down another 100 points on August 15 to 78.45 cents/lb. The USDA Average World Price…

Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase.“The White House has been super constructive here. They did ask us to see if we can go figure out a deal with the banks, which we’re currently working on,” Armstrong said. On Friday, independent journalist Eleanor Terrett reported a clash between Coinbase and the administration of US President Donald Trump, with the White House threatening to withdraw support for the market structure bill…

The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.07%.  March E-mini S&P futures (ESH26) fell -0.06%, and March E-mini Nasdaq futures (NQH26) fell -0.08%.Stock indexes gave up an early advance on Friday and settled slightly lower as bond yields rose.  The 10-year T-note yield rose +6 bp to a 4.5-month high of 4.23% on Friday after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair.  Hassett was seen by markets as the most dovish candidate and the top contender for…

With a markup of the Digital Asset Market Clarity Act (CLARITY) in the US Senate Banking Committee postponed indefinitely, leaders in decentralized finance are using the delay to press lawmakers on concerns with the bill.Before Republican leaders on the Banking Committee moved late Wednesday to postpone the markup, crypto industry groups had raised concerns about provisions related to tokenized equities, stablecoin rewards and their potential impact on DeFi platforms. The DeFi Education Fund said on Wednesday that some proposed amendments could “seriously harm DeFi technology and/or make market structure legislation worse for software developers.”Crypto venture capital companies said the legislation…

Lean hog futures were in rally mode on Thursday, with contracts $1.90 to $2.30 higher at the close. USDA’s national base hog price was not reported on Thursday afternoon due to light volume. The CME Lean Hog Index was down 11 cents on Jan 13 at $80.39. USDA’s Export Sales data showed pork bookings at 26,826 MT in the week of January 8. Mexico was the largest buyer of 9,200 MT, with 5,200 MT sold to Japan. Shipments were pegged at 40,672 MT. The top destination was Mexico at 21,000 MT, with 4,200 MT. Don’t Miss a Day: From crude oil to…

Key takeaways:Retail traders remain sidelined despite BTC’s rebound, as low funding rates and muted interest point to fragile investor sentiment.Institutional investors are buying the spot Bitcoin ETFs again and corporate buyers building BTC treasuries could help send BTC back to $100,000.Bitcoin (BTC) price stabilized near $95,500 on Thursday following an 8%, 3-day rally that wiped out $465 million in short BTC futures positions. However, according to web search and derivatives metrics, retail traders have remained on the sidelines. Bitcoin’s pullback from $97,900 may have further weakened investor sentiment. Bitcoin futures annualized funding rate. Source: Laevitas.chThe Bitcoin perpetual futures funding rate…

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.53%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.07%.  March E-mini S&P futures (ESH26) fell -0.56%, and March E-mini Nasdaq futures (NQH26) fell -1.08%.Stock indexes settled lower on Wednesday, with the S&P 500 and Nasdaq 100 posting 1.5-week lows.  The weakness in chip makers and the Magnificent Seven technology stocks on Wednesday weighed on the broader market.  Rising geopolitical risks also undercut stocks as markets await the US response to the turmoil in Iran.  Reuters reported that some US personnel have been…

Key takeaways:Bitcoin’s move above $97,000 lacks confirmation in derivatives markets, with the options skew signaling caution toward any sustained rally.Geopolitical risks, falling treasury yields, and weakening equities reinforce a risk-off setting that continues to limit Bitcoin’s upside.Bitcoin (BTC) price surged to its highest levels in more than 60 days after posting a 5.5% gain on Wednesday. The move followed $840 million in inflows into spot Bitcoin exchange-traded funds (ETFs) on Monday and Tuesday. With Bitcoin finding footing on the upside, are further gains toward $105,000 likely in the near term?  Nasdaq Index futures (left) vs. BTC/USD (right). Source: TradingviewBitcoin’s rally…

Key Takeaways VanEck’s Ethereum forecast highlights a potential bear case of $300. Tom Lee expects Ethereum to hit $7,000–$9,000 in the near term. Some analysts have echoed bullish future predictions. VanEck’s bearish long-term Ethereum (ETH) price outlook of $300 has resurfaced on social media, while Tom Lee and other bulls continue to predict prices closer to $9,000 in the near-term. The renewed attention follows VanEck’s viral 2025 Bitcoin price forecast, which sparked debate across the industry with its mega bullish prediction. VanEck’s Ethereum Bear Price Goes Viral VanEck released its Ethereum price predictions in 2024, projecting wide-ranging scenarios that included…

Corn futures closed the Tuesday session with contracts down 1 to 3 ½ cents across the front months, following sharp Monday losses. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $3.81 1/2. EIA data will be released on Wednesday morning, with traders looking for ethanol production to be steady following last week’s ballooning stocks total and drop in refiner inputs. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.  A couple South Korean importers purchased a total of 264,000 MT of corn in tenders overnight, with another tender for…