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Crop Watch producers have been evaluating yield potential for their corn and soy fields on a weekly basis since early July. CORNThe third and fourth harvested Crop Watch corn fields, Indiana and southeastern Illinois, were both completed on Sunday, and the results diverged. Indiana was among the driest Crop Watch locations this summer, but soil moisture was high at the start of the season, delaying planting. Crop Watch corn fields could be completed this coming week in Nebraska, eastern Iowa and North Dakota. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.
The headline consumer price index gained at an annual pace of 8.2% in September, compared with an estimated 8.1%. Core CPI, which eliminates volatile food and fuel prices, gained 6.6% last month, compared with the estimates of a 6.5% increase. Register now for FREE unlimited access to Reuters.com Register"It's saying that inflation is still not under control. The Fed will most likely continue its pace of rate increases," said Robert Pavlik, senior portfolio manager, Dakota Wealth in Fairfield, Connecticut. FEDWATCHThe report follows data on Wednesday that showed U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a while.
FOREX: The dollar index turned 0.44% higherCOMMENTS:KEN POLCARI, MANAGING PARTNER, KACE CAPITAL ADVISORS, BOCA RATON, FLORIDA“Not good, hello – market collapsing. With a 3.5% unemployment rate, there's no way the Fed is going to stop raising rates until after the end of the year." The Fed has got to get a handle on inflation right now. RYAN DETRICK, CHIEF MARKET STRATEGIST, CARSON GROUP, OMAHA“This is a yet another disappointing sign that inflation continues to stay stubbornly high. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause.
Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc (GGG.N), the Minneapolis-based maker of fluid handling equipment such as paint sprayers. But the complex nature of global supply chains means that companies like Graco are still struggling, since the shortage of just one part can hobble them. The COVID-19 pandemic set off a crisis in global supply chains, which is showing signs of healing. This suggests falling prices for some goods and services are still far from working their way fully through the economy. The regional bank’s Global Supply Pressure Index tracks data on shipping costs, delivery times, backlogs and other statistics into a single measure compared to historic norms.
Crop Watch soybean fields still await harvest, but those should be finished early this week as most producers’ harvest paces are ahead of normal. The western Illinois corn last week became the second completed Crop Watch corn field, and the final yield score ended at 4.5, a quarter-point below expectations. Crop Watch producers have been evaluating yield potential for their corn and soy fields on a weekly basis since early July. Ohio is the only Crop Watch location where harvest pace has been a little slow as crops are still holding moisture from late-season rains. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.
The Dow and S&P 500 e-minis fell for the seventh time in eight sessions, while megacap growth names such as Amazon.com Inc , Apple Inc (AAPL.O), Microsoft Corp , Meta Platforms Inc and Tesla Inc (TSLA.O) lost between 1.6% and 2.7% in premarket trading. read moreIn the previous session, the S&P 500 recorded its first gain in seven sessions. The benchmark index has lost about $9.1 trillion in market value this year and was last valued at $31.2 trillion, according to Datastream. ET, Dow e-minis were down 364 points, or 1.22%, S&P 500 e-minis were down 55 points, or 1.47%, and Nasdaq 100 e-minis were down 207.75 points, or 1.8%. read moreShare of peers United Airlines Holdings (UAL.O), Southwest Airlines (LUV.N) and Delta Air Lines (DAL.N) fell between 1.6% and 2.0%.
4 S&P 500 renews slide, hits near two-year low
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +5 min
Register now for FREE unlimited access to Reuters.com Registerread moreMARKET REACTION:STOCKS: The S&P 500 (.SPX) lost 10.94 points, or 0.30%, to stand at 3,644.1, just above the old low at 3,636.87. Even if the inflation data gets better with the next report in mid-October, we won’t know how the Fed will react to it. There is a good case for that to happen if we get some inflation data that is a lot less scary than the last report." "(The support level for the S&P is) "a stretch at 3400, maybe 3200 and the worst case is probably 3000." But in terms of a sustained rally, I think it really takes anticipating the end of Fed rate hikes."
The S&P 500 touched a session low of 3,623.29, its lowest point on an intraday basis since Nov. 30, 2020. The index has tumbled more than 12% since Powell's speech and has shown little signs of stabilizing. Many analysts had looked at 3,900 as a strong technical support level for the index. Detrick said that coordinated hikes by multiple central banks left investors wondering how hawkish they all will end up being. Robert Pavlik, Senior Portfolio Manager at Dakota Wealth in Fairfield, Connecticut said he is looking at a worst case of 3,000 for the S&P as a support level.
With Tuesday's drop, the S&P 500 is down 24% from its record high close on Jan. 23. Microsoft and Google-parent Alphabet (GOOGL.O)each lost just over 1% and weighed heavily on the S&P 500. In afternoon trading, the Dow Jones Industrial Average (.DJI) was down 0.74% at 29,045.38 points, while the S&P 500 (.SPX) lost 0.57% to 3,634.13. Analysts have cut their S&P 500 earnings expectations for the third and fourth quarters, as well as for the full year. For the third quarter, analysts now see S&P 500 earnings per share rising 4.6% year-over-year, compared with 11.1% growth expected at the start of July.
VIEW S&P 500 renews slide, hits near two-year low
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
After the benchmark index fell more than 20% from its early January high to a low on June 16, which confirmed that the retreat was indeed a bear market, the S&P then rallied into mid-August before running out of gas. (The support level for the S&P is) "a stretch at 3400, maybe 3200 and the worst case is probably 3000." Having said that, we've seen a number of bear market rallies, year to date. But in terms of a sustained rally, I think it really takes anticipating the end of Fed rate hikes." Register now for FREE unlimited access to Reuters.com RegisterAmericas Economics and Markets Desk; +1-646 223-6300Our Standards: The Thomson Reuters Trust Principles.
However, cooler temperatures this week in eastern areas could slow things down, which was already a factor this past week for the Crop Watch locations in Indiana and Ohio. The Kansas Crop Watch location got more than an inch of rain this past week, helpful for winter wheat planting prospects. The 11 Crop Watch corn fields were planted an average of 11 days later than in 2021 and the soybeans 12 days later. The 2019 season also featured similar challenges, but soybeans were the bigger problem that year for the Crop Watch producers. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.
S&P 500 renews slide, hits near two-year low
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +4 min
Register now for FREE unlimited access to Reuters.com Registerread moreMARKET REACTION: STOCKS: The S&P 500 (.SPX) lost 22.25 points, or 0.61%, to stand at 3,632.79. Also, no overt catalysts to propel breakout to the upside”“Markets had “fought the Fed” all year, hoping for more dovish tilt soon. (The support level for the S&P is) "a stretch at 3400, maybe 3200 and the worst case is probably 3000." But in terms of a sustained rally, I think it really takes anticipating the end of Fed rate hikes." Register now for FREE unlimited access to Reuters.com RegisterAmericas Economics and Markets Desk; +1-646 223-6300Our Standards: The Thomson Reuters Trust Principles.
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Crop Watch corn and soybean fields is right around the corner and producers have mixed feelings heading into the busy season, which should pick up speed within the next two weeks. Scores will be finalized upon harvest and final Crop Watch yields a few times in the past have surprised high or low by more than a point. Only three Crop Watch soybean fields are seen besting last year’s final yield scores: Minnesota, western Illinois and Indiana. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx. Crop Watch Producers 2022Karen Braun is a market analyst for Reuters.
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O tornadă puternică de intensitate EF-1 a trecut pe 4 mai prin Rion și a ridicat de la sol mai multe avioane de mici dimensiuni parcate pe un aeroport din statul american Carolina de Sud, potrivit AccuWeathe, citat de libertatea.ro. Fenomentul a fost surprins de camerele de supraveghere pe aeroportul din Fairfield. În imagini se observă cum mai multe avione cu un singur motor nu fac faţa furtunii puternice, unde vântul a bătut cu aproape 170 de kilometri pe oră. Din fericire, tornada nu a făcut victime, însă unele dintre avioane au fost avariate. Tornadele F1 reprezintă 35,6% din totalul tornadelor și generează vânturi de până la 180 km pe oră.
Persons: Fenomentul Organizations: Tornadele Locations: american Carolina de Sud, Fairfield
They've rubbed up against an adversary of enormous scale: A $12 billion utility that began deploying smart meters in 2017 that communicate using radio waves. AdvertisementFor the power company, smart meters are the future, offering big savings and granular info about energy use. For one, smart meters save utilities a ton of cash, since they get rid of the need for manual readings. "I would have never put an investment in if I had known that it would require smart meters and what smart meters do." Monsanto isn't selling smart meters, but there is a big company on the other end that stands to gain.
Persons: Lewis Weiss, Weiss, We're, They've, that's, Santiago Jose Sanchez, Fairfield, Parsons, Mahesh Yogi, Oprah, David Lynch, Russell Brand, meditators, I'd, Maharishi, Jon Lipman, Lipman, Randy Bauer, Bauer, Alliant, Jay Marcus, intervenors, David, Goliath, Lipman —, Marcus, Bill Goldstein, they're, David Carpenter, Fairfield's intervenors, Alliant's, he's, there's Organizations: Power Line, Business, Parsons College, Maharishi International University, Beatles, Maharishi, Energy, Alliant Energy, Iowa Utilities Board, National Toxicology, US Department of Health, Human Services, Food and Drug Administration, Institute for Health, University, Albany who's, AMI, GMOs, Monsanto, FDA Locations: Fairfield , Iowa, Indian, Fairfield, FAIRFIELD , IOWA, New York City, Fairfield ., Iowa, India, Parsons, Des Moines, Alliant, New York, Maharishitower.org
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