Reports & Trading Levels for 01.10.2023
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Bullet Points, Highlights and Announcements
By John Thorpe, Senior Broker
The most volatile event this week off the economic data calendar will almost certainly be the December CPI at 7:30 CST on Thursday. The core CPI was up 6.0 percent in November, coming down from its near-term peak of up 6.6 percent in September.
The total CPI was up 7.1 percent year-over-year in November and has been on the decline since the near-term peak of up 9.1 percent in June.. It is expected that the December report will see a little more easing in upward inflationary price pressures. https://www.bls.gov/cpi/
In the agriculture sector, this week highlights the WASDE USDA Crop Production, Supply/Demand and winter wheat seedings all following suit on Thursday at 11:00 am CST. Although North American crop land is experiencing winter weather it is summer time in South America and we will get meaningful numbers from Brazil and Argentina row crop production in this World Ag Supply and Demand Estimate. https://www.usda.gov/oce/commodity/wasde
Please contact a Cannon Broker if you have any questions about trade strategy, set-ups and risk management techniques as we start the new year! Plan your trade and trade your plan.
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Futures Trading Levels
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