Consumer Confidence Up…Financials Down
The broader market futures ended the session in the
green. The S&P 500 index
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29.50, and the Dow Industrials
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57.
Looking at the grains, Wheat
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gained 1-2. Corn
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higher at 190-0.
Meats did pretty well on this triple
witching Friday, all ended up for the session. Live Cattle
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1.45 to end the session at 69.87. Feeder Cattle
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1.49,
closing at 84.57. Pork Bellies
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Precious metals enjoyed the volatility
in the session, with Platinum
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Gold
and Silver did well. Gold
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Silver
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Softs ended the session mixed, with
Cotton #2
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slid .40, ending the session at 93.50, and Coffee
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worst-performing soft, closing at 46.65, down 2.95. Sugar #11
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session up fractionally .05 at 7.12.
Turning our attention to energies, all
of them ended the week up. Crude Oil
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Gasoline
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.0035, and
Natural Gas
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Financials were down across the board
due to the University of Michigan’s consumer confidence index which came in at
88.8 in December, up from 83.9 a month ago. The 30-Year T-Bond
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The U.S. dollar index
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showed some strength in the session plowing higher 1.29, while the other
currencies ended the session in the red. The British pound
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by .0104, the Japanese Yen
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