US Diesel Prices Surge Past $6.50: The Agriculture ETFs Caught in the Crossfire
U.S. diesel prices hit a record $6.50 a gallon, putting fresh pressure on farmers. Here’s what soaring fuel costs could mean for agriculture ETFs.
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Trump proposes Belarus potash deal to ease costs for U.S. farmers, but supply limits mean Canadian imports remain dominant.
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U.S. diesel prices hit a record $6.50 a gallon, putting fresh pressure on farmers. Here’s what soaring fuel costs could mean for agriculture ETFs.
Crypto-linked equities ripped higher as Bitcoin cleared $80,000, but the S&P 500 slipped with the 10-year Treasury yield back above 5%.
Stocks rallied and Treasury yields retreated from three-year highs after Fed Governor Waller signaled he could back a rate hold, sending bitcoin above $80,000.
Barclays analyst Benjamin Theurer maintains Mosaic (NYSE:MOS) with a Equal-Weight and lowers the price target from $26 to $22.
Mizuho analyst Christopher Parkinson maintains Mosaic (NYSE:MOS) with a Neutral and lowers the price target from $25 to $22.
International Paper, Mosaic and Eagle Materials are among the materials sector’s most oversold stocks, with RSI readings below 30.