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$VIX Chart - from @zermattc

March 31, 2016

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Federal Reserve Bank of Atlanta: Beige Book Sept 2018

Federal Reserve Bank of AtlantaSummary of Economic Activity Sixth District business contacts indicated that economic activity expanded at a moderate pace since the previous report. On balance, the outlook among firms for the remainder of the year was positive, despite some uncertainty surrounding trade policy. Firms continued to cite hiring challenges, especially for low-skilled and hourly positions. Some businesses reported growing wage pressure. Rising nonlabor costs for select inputs such as transportation and steel were noted, as was an improved ability to pass through price increases. Retailers reported growth in sales, and automotive dealers indicated sales were up year-over-year. Tourism in the District was described as solid over the late summer months, on balance. Residential builders and brokers indicated modest growth compared with year-ago levels; however, diminished lot and land inventory constrained builders' ability to meet demand. Commercial real estate contacts rep…

Where Is The Soybean Market Going?

Production is forecasted to remain above consumption.

From Focus Economics: Prices fell to multi-year lows in July as China imposed retaliatory tariff s on U.S. soybean exports. On 6 July, soybeans traded at USD 843 cents per bushel, which was down 12.1% from the same day last month. The price was 8.3% lower on a year-to-date basis and was down 11.7% from the same day last year. On 6 July, the U.S. imposed widely-anticipated tariff s on imports from China, leading the Asian giant to retaliate with tariff s of its own, including on soybean imports from the United States. China is the world’s largest consumer of soybeans, so the increased cost of sending supplies there for U.S. farmers, coupled with broader concerns of the depressing eff ect of a trade war on the global economy, has hit market prices. Moreover, on 12 June, the U.S. Department of Agriculture upwardly revised its projection for world soybean production for the season ending in 2019. Prices are expected to recover as deman…

Global Economic Outlook September 27, 2018

Mounting headwinds will weigh on global growth further down the road...
REAL SECTOR
Mounting headwinds will weigh on global growth further down the road Global economic growth appears to be losing some steam in Q3 following Q2’s strong result. A strengthening U.S. dollar and higher borrowing costs are unnerving financial markets in developing economies, while rising trade protectionism is starting to weigh on business sentiment. Moreover, economic dynamics are softening in China and the Eurozone. On the flip side, the U.S. economy continues to fire on all cylinders, while Japan is holding up relatively well due to strong investment. A GDP growth estimate for the global economy projects year-on-year growth at 3.3% for Q3. While the print was a notch below the result from the previous period, it matched last month’s forecast. The escalation in the ongoing trade war between China and the United States topped the headlines in recent weeks. On 24 September, the U.S. enforced a 10% tariff …

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