Welcome to Markets Desk, here's what's moving.
Soybean futures are under pressure Thursday, with front-month contracts dropping nine to ten cents ahead of Friday's closely watched USDA report. The national average cash price sits at twelve dollars thirty-one and three-quarter cents, as traders position cautiously before the data drop. Soymeal is also weaker, while soy oil is finding modest support.
Shifting to equities, Canadian Utilities crossed below its two-hundred-day moving average Thursday, touching as low as forty-nine dollars and three cents per share against a moving average of forty-nine twenty-three. That technical breach carries weight for chart-watchers, signaling potential further downside, and the stock is off roughly one and a half percent on the session.
And in a story with longer strategic implications, China's rare-earth truce is putting pressure on magnet producers with a deadline now set for January tenth. China controls roughly ninety-four percent of sintered permanent magnet production, materials critical to electric vehicles, wind turbines, and data centers. Three stocks in particular are now on the clock as the window to secure supply chains narrows.
That's the tape. Markets Desk, signing off the floor.
