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The dollar index (DXY00) rose by +0.97% on Monday and posted a 5-week high.  The dollar rallied on Monday after oil prices surged to an 8.25-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar.  Also, Monday’s better-than-expected Fed ISM manufacturing report was supportive of the dollar.  In addition, sharply higher T-note yields on Monday strengthened the dollar’s interest rate differentials. The US Feb ISM manufacturing index fell -0.2 to 52.4, stronger than expectations of 51.5.  The Feb ISM prices paid sub-index rose +11.5 to a 3.5-year high of 70.5, stronger…

While US Senate lawmakers have been working to pass a comprehensive digital asset market structure bill since July, some industry observers in Washington say progress could be “on hold” due to government gridlock.Since the House of Representatives passed the CLARITY Act last summer and sent the legislation to the other chamber, lawmakers have faced a historically long government shutdown, partisan divides on ethics and debates over stablecoin yield that have likely slowed progress on the bill, which could be further hampered by the upcoming US midterm elections in November.Eight months ahead of the midterms, one version of the market structure…

The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up 11 ¼ cents. KC HRW futures were 17 to 21 ¼ cents in the green, as May was still down 4 ¾ cents this week. MPLS spring wheat was 8 to 15 3/4 cents higher in most contracts, with May up 12 ¾ cents. Short covering was noted to close out February.Commitments of Traders data from Friday indicated managed money slashing 50,740 contracts from their net short position in CBT…

Bitcoin (BTC) is relatively undervalued compared to gold and the global money supply, which could signal a price reversal, according to Samson Mow, the CEO of Bitcoin technology company Jan3.“Bitcoin is about 24%-66% below its trend relative to gold’s market cap or global money supply, while gold is overextended,” Mow said in a Saturday post on X. Gold futures for April delivery closed Friday at $5,247.90; Tokenized gold PAX Gold USD was trading at the time of writing at $5,404.14.Mow also cited Bitcoin’s Z-score, a metric that tracks how close the price of BTC is to its historic average. A…

DJIA38904.04 307.06S&P 5005204.34 57.13NASDAQ16248.52 199.44Russell 20002060.10 8.70German DAX18163.94 -238.49FTSE 1007911.16 -64.73CAC 408061.31 -90.24EuroStoxx 505013.35 -57.20Nikkei 22538992.08 -781.06Hang Seng16723.92 -1.18Shanghai Comp3069.30 -5.66KOSPI2714.21 -27.79Bloomberg Comm IDX102.90 0.64WTI Crude-fut91.17 0.01Brent Crude-fut86.57 1.15Natural Gas1.79 0.00Gasoline-fut2.79 -0.01Gold-fut2345.40 33.50Silver-fut27.50 0.46Platinum-fut940.60 -5.50Palladium-fut1007.40 -23.60Copper-fut423.60 1.85Aluminum-spot1815.00 0.00Coffee-fut212.50 5.75Soybeans-fut1185.00 5.00Wheat-fut567.25 11.00Bitcoin67976.00 304.00Ethereum USD3328.10 56.27Litecoin98.71 0.69Dogecoin0.18 0.00EUR/USD1.0862 0.0007USD/JPY151.72 -0.02GBP/USD1.2678 0.0016USD/CHF0.9044 -0.0014USD IDX104.28 0.08US 10-Yr TR4.4 0.091GER 10-Yr TR2.406 0.007UK 10-Yr TR4.064 -0.005JAP 10-Yr TR0.771 -0.004Fed Funds5.5 0SOFR5.32 0

Cotton futures posted 25 point gains across the nearby contracts on Friday, with May down 2 points on the week. December was up 40 points this week. Crude oil futures were up $2.08 per barrel on the day at $67.29. The US dollar index was down $0.125 at $97.615.Commitment of Traders data from Friday afternoon showed a total of 14,140 contracts trimmed from the spec fund net short position as of Tuesday, taking it to 65,368 contracts. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   Export Sales data from Thursday…

The crypto treasury market is likely to consolidate this year amid the market downturn, as companies with operating businesses merge with or acquire those trading below net asset value (NAV), according to Wojciech Kaszycki, chief strategy officer of crypto infrastructure and treasury company BTCS.Operating businesses, such as providing validator services for blockchain networks or offering public and private credit instruments, generate cash flow that give crypto treasury companies an edge over those that only accumulate crypto, Kaszycki told Cointelegraph.This financial edge allows them to buy up companies treading water on their crypto investments or trading below the value of their…

Becknell Industrial has built out a dedicated capital-raising team to support its newly launched Becknell Industrial Income Trust, Inc. Linda Cobelo, partnering with Alliance160, has been appointed director of national accounts. Richard Ranck joins as director of retail capital markets for the Eastern region, while Chris McCaffety will oversee retail capital markets for the Western region. Michael Gazsi has been named associate director of retail capital markets. Founded in 1990 and headquartered in suburban Chicago, Becknell has acquired or developed more than 225 industrial properties totalling over 40 million square feet and nearly $4 billion in total capitalization.  Tom Madigan has joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned with Branford, CT-based Thimble Island Private Wealth, an existing…

Lean hog futures closed out February with contracts steady to 40 cents lower, as April held onto a $2.05 gain this week. USDA’s national base hog price was reported at $90.38 on Friday afternoon, down 62 cents from the day prior. The CME Lean Hog Index was 41 cents higher on Feb 25 at $89.12.CFTC data showed a total of 522 contracts added to the managed money net long position in lean hog futures and options at 116,983 contracts. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   USDA’s pork carcass cutout…

Key Takeaways Vitalik Buterin has exceeded his stated Ethereum sale target, selling over $34 million so far. Price drop may explain additional sales. ETH price rebounds but risks remain. Ethereum co-founder Vitalik Buterin has exceeded his previously disclosed ETH sales target. He has offloaded more than $34 million worth of the crypto, according to on-chain data, even as ETH posted a short-term rebound. Blockchain analytics account Lookonchain said Buterin has sold a total of 17,196 ETH, valued at approximately $34.96 million, surpassing his stated plan to withdraw 16,384 ETH. The development has prompted fresh questions over how much more the…