Economic Data
New Home Sales
New Home Sales - Level - | Prev 250 K | Rev 270 K | Est 280 K | Range 270 K to 300 K | Act 300 K |
The median price did post an increase from last month’s 8-year low. The distressed sales of existing homes continues to weigh on the new home sector.
Grains+1.63%
RR+3.47% C+3.42% W+3.31% O+2.12% S+0.65% SM+0.64% BO-0.10% RS-0.45%
Technical Note: May Rough Rice breaks above it's 50d MA for the 1st time since late February. The market is attempting to fill in a price gap left on daily charts.
The USDA crop progress reports shows that rice plantings are 32% below last year and 13% below its 4 year average.
Weather concerns rallied the grain complex. (April is on track to be the wettest on record for Illinois , Indiana and Ohio while dry weather is stressing crops in the southern Great Plains , China and parts of Europe .)
The USDA Crop Progress reports shows plantings are behind schedule and crop conditions are blow normal.
Metals+0.22%
SI+2.88% GC+0.45% PL+0.37% PA-0.55% HG-2.26%
Financials+0.20%
ZB+0.39% ZN+0.27% ZF+0.22% ZU+0.06% ED-0.01%
Energies+0.11%
ZK+1.51% RB+0.36% CL-0.07% HO-0.60% NG-0.86%
Indices+0.05% CRB -0.15% VIX -2.51%
NQ+0.17% EW+0.14% ES+0.02% RJ-0.05% YM-0.11%
Currencies-0.06%
SF+0.29% EC+0.08% JY+0.07% USD unch MP-0.06% AD-0.22% CD-0.25% BP-0.28%
Softs-0.30%
LB+0.82% CT+0.76% CC-0.06% OJ-0.53% KC-1.17% SB-1.61%
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