CME Cash Market Summary
Daily CME spot dairy market price summary
Dairy Team - Chicago
- Dairy
Gain your edge with StoneX: Market intel, insights and education
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Market Intelligence
Gain the edge you need to succeed in the commodity and financial markets: our Market Intelligence team delivers cutting-edge research and analysis you won't find anywhere else.
Brazil's Public Debt Path Anchors the Real as Runoff Polls Sit Tied
Brazil's tied presidential runoff has turned Brazilian public debt into the deciding variable for the Brazilian real. Markets link one outcome to fiscal adjustment and a firmer currency, and the other to rising debt and a sharp devaluation.
Editorial Team
- Currencies
Fed Decision and Core PCE Put USD/CHF's Fragile Uptrend Under Strain
USD/CHF has pulled back from a fresh yearly high after a U.S. inflation-driven reversal, and the Federal Reserve decision and core PCE data now arrive a day apart. Together the two releases test a pivot zone that separates a routine pullback from a deeper correction in the yearly uptrend.
Michael Boutros
- Currencies
Perspective: Morning Commentary for October 21
October 21 – Stock futures are pointing to a strong open, led by the tech-heavy Nasdaq following yesterday’s SpaceX earnings which we’ll touch on in more depth below. The VIX is off slightly to start the day, hovering near 17.1 at the time of writing, its lowest level so far this week. The dollar is sitting just below unchanged, near 101.71, after touching a three-week low just above 101.5 yesterday. Treasury yields are lower to start the day, with 2-year yields trading at 4.774%, 10-year yields at 5.098%, and 30-year yields at 5.409%. Crude oil is modestly lower, with nearby WTI and Brent both down 0.8% to trade near $97.40 and $107.90, respectively. The ags are widely in the red, with the sharpest losses seen in the wheat complex amid this week’s fresh push for diplomacy between Russia and Ukraine.
Mike Castle
- Grains & Oilseeds
- Energy
- Dairy
- Renewable Fuels
- Meats & Livestock
- Forest Products
Bigger U.S. Soybean Crop Fails to Loosen a Tightening Balance Sheet
A bigger U.S. soybean harvest is meeting crush, biofuel and Chinese demand strong enough to shrink ending stocks. That balance explains why harvest pressure trims soybean rallies but leaves a floor under the market.
Editorial Team
- Grains & Oilseeds
UK Borrowing Overshoot Leaves Sterling Short of Support Into Budget
UK government borrowing is running billions of pounds above official forecasts, and the overshoot is limiting how far sterling can rally on Bank of England rate hike expectations. Fiona Cincotta explains why hotter inflation has done little for the pound heading into the Budget.
Fiona Cincotta
- Currencies
Swaps Traders Price a Steeper RBNZ Path Than the Central Bank Itself
Swaps markets are pricing a far steeper Reserve Bank of New Zealand rate path than the central bank itself projected. Imported energy inflation and a weaker New Zealand dollar sit behind the gap, putting the September quarter inflation report under pressure.
David Scutt
- Interest Rates
French Bond Spread Hits Multi-Year High as Fiscal Doubts Weigh on Euro
The French-German bond spread has broken to multi-year highs as investors question France's ability to deliver meaningful fiscal consolidation. Combined with rising oil prices and weaker German sentiment, the widening spread makes a convincing bullish case for the euro harder to build.
Fawad Razaqzada
- Currencies
Europe's Heating Oil Season Arrives as Diesel Supply Remains Squeezed
Winter demand for diesel and heating oil is rising just as Europe's supply remains tight, with export bans and Gulf disruption still in play. Geopolitics, not crude fundamentals, now decides if that squeeze eases or deepens.
Editorial Team
- Energy
Fertilizer Inventories Run Thin as Every Buyer Waits for the Last Day
Fertilizer inventories across North America are running smaller than normal as farmers, retailers, and distributors all delay purchases. Lessons from past boom-and-bust cycles and the Strait of Hormuz disruption are pushing delivery and price risk onto the final buyer.
Josh Linville
- Fertilizers
Daily Coffee Report 10/20/26
Daily coffee report
StoneX Coffee Team
- Coffee
Precious Metals Weekly Front Desk Presentation 102026: AI, monetary policy and gold; OECD recommendations to the IMF/World Bank meetings
A document with a substantial number of slides and text, built for the Front Desk internal call and analysing market developments, the economic and political background and key market parameters influencing the precious metals. This week includes material on the Precious Metals, notably Gold's lively action; Powell and the Fed, EU and potential margin compression
Rhona O'Connell
- Precious Metals
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Upcoming events
FIGAP 2026
Third party events|North America|Language: Spanish
October 21 - October 23, 2026
Guadalajara, México
Únase a StoneX en FIGAP 2026 en Guadalajara, México, y visítenos en el Stand #313. Conozca cómo ayudamos a los productores de alimento para animales a gestionar el riesgo de mercado mediante Operaciones OTC, Commodities Físicos, Gestión de Riesgos y Soluciones de Venta y Negociación.
Descubra cómo StoneX combina acceso al mercado, información y ejecución para ayudar a las empresas a tomar decisiones informadas en mercados agrícolas dinámicos.
BAFT Regional Bank Conference
Third party events|North America|Language: English
October 21 - October 22, 2026
Houston, TX
Join StoneX at the BAFT Regional Bank Conference at Amegy Bank in Houston, October 21-22, for a discussion on the global developments and political risk considerations shaping today's banking landscape.
Katherine Zaveri will moderate a fireside chat with Gayle Jacobs, U.S. Canada Political Risk Leader at Marsh, exploring the issues banks should be aware of in an increasingly interconnected world.
World of Coffee Panamá
Third party events|Central America|Language: Spanish
October 23 - October 25, 2026
Panama City, Panama
StoneX asistirá a World of Coffee Panamá, el primer evento World of Coffee organizado en América Latina. Visite el Stand #14422 para conectarse con nuestros especialistas en el mercado de café, conversar sobre inteligencia de mercado y conocer más sobre la gestión del riesgo de precios del café.
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