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Barchart
Barchart
Darin Newsom

More Overnight Chaos for Markets to Deal With

  • Early Tuesday morning headlines were of Brazil's President Lula being placed in intensive care after brain surgery. 

  • Meanwhile, the coffee market, with Brazil being the world's largest producer, soared to a new all-time high, presumably on continued weather problems. 

  • The Grains sector was quiet to start the day, with the key feature still the noncommercial net-short futures positions in soybeans and the wheat sub-sector.

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