HALISTER1: SOY: Prices Rise to Highest in Two Months on Investor Buying

SOY: Prices Rise to Highest in Two Months on Investor Buying

(Bloomberg) -- Soybean futures for Jan. delivery rise 1.3% to $10.15 a bushel on Chicago Board of Trade after earlier touching $10.16 1/2, highest for contract since Aug. 23.
  • Hedge funds increased bets on higher prices third straight weeks, govt data through Oct. 18 show
  • “Investors are buying because of a lack of confidence in alternative investments likes stocks or bonds,” Dan Cekander, the president of DC Analysis in River Forest, Ill., says in a telephone interview
  • NOTE: S&P 500 Index of U.S. equities heads for third straight monthly loss
  • “Market is also adding a bigger weather risk premium for South America crops”
  • NOTE: Rain Benefits Brazil Crops; Argentina Gets Too Wet
  • Soybean-meal futures for Dec. delivery rise 2.4% to $315.70 per 2,000 lbs
  • Price heads for a fourth straight gain, longest rally since Sept. 8
  • Soybean-oil futures for Dec. delivery unchg at 35.8c/lb
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Dan Cekander (DC Analysis LLC)

Topics
BFW Grain/Soy Futures Update
First Word Agriculture

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UUID: 7947283

HALISTER1: ECB’s Praet Due to Speak in Brussels in 5 Minutes

ECB’s Praet Due to Speak in Brussels in 5 Minutes

(Bloomberg) -- Brussels: ECB Executive Board member Peter Praet speaks at the European Treasurers Club conference dinner.
  • Text of speech will be made available on the ECB website
  • See ECB weekly schedule
  • NOTE: Praet said on Oct. 7 that care is needed when arguing for fiscal growth support
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Peter Praet (European Central Bank)

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UUID: 7947283

HALISTER1: J.G. Wentworth XXXVII Series 2016-1 - DBRS Rating Report

J.G. Wentworth XXXVII Series 2016-1 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Charles Weilamann (DBRS Inc)
Lain Gutierrez (DBRS Inc)
Lain Javier Gutierrez (Dbrs Inc)
Maxim Berger (DBRS Inc)

Topics
Fixed Income Research
Reports
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER1: Fed to Probably Wait, Yet Don’t Rule Out Surprise Hike: CapEcon

Fed to Probably Wait, Yet Don’t Rule Out Surprise Hike: CapEcon

(Bloomberg) -- While FOMC will probably wait until December to hike rates, “a surprise rate increase next week is not out of the question,” Capital Economics economist Paul Ashworth writes in note.
  • “Reading between the lines” of September meeting minutes, it wouldn’t require much more progress to persuade Fed “centrists” to join hawks and vote for a rate increase
  • Until recently, Capital Economics would have said that uncertainty about presidential election “all but ruled out” a hike next week
    • Fed officials may now have enough confidence to act with Hillary Clinton so far ahead in polls and markets taking election in stride
  • November move may be “attractive option” for two reasons
    • It would allow central bank to demonstrate political independence by hiking ahead of an election
    • Also would “kill” the perception that Fed only acts at meetings followed by press conferences
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Paul Ashworth (Capital Economics Na Ltd)

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UUID: 7947283