Real gross domestic product (GDP) increased at an annual rate of 1.9 percent in the fourth quarter of 2016, according to the "second" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.5 percent.
Jesse Livermore was one of the legendary icons of Wall Street speculation. Known as the "boy plunger," because he began trading at the tender age of 14, he was subsequently banned from many "bucket shops" for winning too often.
Beans ended the week on a rather quiet note as the market chopped sideways into the March options expiration. For the day, the March traded a 7-cent range. For the week, we lost 19 cents while trading a 35 ¼ cent range.
Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Wheat may get interesting in the weeks ahead because of fewer acres planted last fall and a warm February, which could bring the crop out of dormancy too early. There are some reports of wheat that is already jointing.
IntercontinentalExchange® (ICE) March sugar -0.14 (-0.68%), Mar coffee +0.85 (+0.57%), May cocoa +21 (+1.05%), and Mar cotton unch. Softs on Wednesday settled mixed: Mar sugar -0.09 (-0.43%), Mar coffee -1.15 (-0.76%), May cocoa -1 (-0.05%), Mar cotton +0.62 (+0.84%).