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Real-time News
March 25 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed slightly higher on Tuesday, with the benchmark contract rising 0.7%. Investment funds are still grappling with the uncertainty surrounding the potential war between the US and Israel against Iran. International crude oil futures rose again on Tuesday, triggering speculative buying in the corn market and pushing up corn prices. Grain and oilseed prices have recently largely followed crude oil price movements, reflecting two factors: firstly, corn and soybean oil are used in biofuel production; and secondly, investors view these crops as a hedge against inflation. The Middle East conflict has disrupted shipping in the Gulf region, causing natural gas prices to surge and impacting the fertilizer market. Furthermore, export restrictions imposed by non-Gulf region fertilizer suppliers, including Russia, could further exacerbate short-term supply shortages. Russia has suspended ammonium nitrate exports until April 21 to ensure domestic supply. Russia controls approximately 40% of the global ammonium nitrate supply.Key Futures Data and Events to Watch Today (March 25, 2026, Wednesday): 1. 09:20 RMB 450 billion 1-year Medium-term Lending Facility (MLF) and RMB 20.5 billion 7-day reverse repos mature today; 2. 17:00 UK LME copper inventory change (tons) to March 25; 3. 22:30 US EIA crude oil inventories (million barrels) for the week ending March 20; 4. 22:30 US EIA Cushing, Oklahoma crude oil inventories (million barrels) for the week ending March 20; 5. 22:30 US EIA Strategic Petroleum Reserves (million barrels) for the week ending March 20; 6. The annual meeting of the European Central Bank and its observers is scheduled to take place.Airgas Chemicals has restricted helium orders following damage to Qatar’s liquefied natural gas fields.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.18% to 46,124.06 points, the S&P 500 fell 0.37% to 6,556.37 points, and the Nasdaq Composite fell 0.84% to 21,761.89 points. Salesforce fell over 6%, with IBM falling over 3%, leading the decline. The Wind U.S. Tech Big Seven Index fell 1.29%, with Google falling nearly 4% and Microsoft falling over 2%. The Nasdaq China Golden Dragon Index fell 0.43%, with Hesai Technology falling over 14% and Xinyi Technology falling over 4%, with tech stocks leading the decline. All three major U.S. stock indexes gave back some of Mondays gains. 2. The three major European stock indexes closed mixed. The German DAX fell 0.07% to 22,636.91 points, the French CAC40 rose 0.23% to 7,743.92 points, and the UK FTSE 100 rose 0.72% to 9,965.16 points, mainly due to divergent expectations regarding the Middle East situation and central bank policies. 3. The most active US crude oil futures contract closed up 0.3% at $88.39 per barrel; the most active Brent crude oil futures contract rose 0.02% to $95.94 per barrel. 4. International precious metals futures generally closed higher, with COMEX gold futures rising 1.53% to $4474.90 per ounce and COMEX silver futures rising 3.01% to $71.44 per ounce.The Kuwait Civil Aviation Authority stated that there have been no reports of casualties following the drone attack on the Kuwait airport oil depot.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.