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The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.5 occurred near Liunan District, Liuzhou City, Guangxi Province at 07:41 on May 18. The final result is subject to the official rapid report.On May 18th, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) continued to decline in the week ending May 15, 2026, with the benchmark contract closing down 0.6%, mainly reflecting lower prices for Chicago soybeans and other vegetable oils, as well as weak soybean oil export sales. However, international crude oil futures rebounded, and soybean oil inventories were lower than expected, providing a bottom support for the market. This week, Malaysian palm oil fell 1.8%, and Canadian canola fell 2%; Brent crude rose 7.87%. The soybean oil/fuel oil spread was 152.37 cents, compared to 157.83 cents a week earlier, reflecting continued improvement in biofuel margins. Calculations based on the USDAs weekly crush report showed that for the week ending May 8, 2026, the US soybean crush margin was $4.89 per bushel, down 7.39% from a week earlier. According to the monthly crush report from the National Oilseed Processors Association (NOPA), soybean oil stocks stood at 1.947 billion pounds at the end of April, down 4.5% from March, slightly below market expectations, but up 27.5% from the same period last year.According to foreign media reports on May 18th, commodity funds were net sellers of CBOT corn, wheat, and soybean futures contracts, while net buyers of CBOT soybean meal and soybean oil futures contracts on Friday. Specifically, they were net sellers of 12,000 soybean futures contracts.The UKs Rightmove average house asking price index rose 1.2% month-on-month in May, compared with 0.80% in the previous month.Australian Treasurer Charles Chalmers has issued orders to six shareholders to divest their stakes in Northern Minerals. This decision is entirely in line with the recommendations of the Treasurer and the Foreign Investment Review Board, aimed at protecting national interests and ensuring compliance with Australias foreign investment framework.

FTX Focus Weighs on Sentiment

Eric Stanberg

Dec 22, 2022 16:05

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For the top 10 cryptos on Wednesday, it was a negative session. The descent was headed by BNB and ADA. It is noteworthy that BTC missed $17,000 for the fourth time in five sessions.


On Wednesday, US economic indices and business profits took a backseat. Investor attention has now shifted back to FTX and former CEO Sam Bankman-Fried. Uncertainty surrounds the extradition to the US since SBF is expected to provide material that might alarmed investors and heighten congressional attention in the US.


The link between FTX and Binance and if Binance was to blame for the demise of FTX will probably be one topic of government concern.


In order to put more pressure on the cryptocurrency market, SBF may also offer a list of other platforms that run the danger of collapsing as a result of the repercussions.


Despite the NASDAQ Index rising 1.54% on better-than-anticipated US consumer confidence data and positive Nike (NKE) and FedEx (FDX) quarterly results, Wednesday's session was gloomy.


Today's focus will be on FTX updates, with attention likely focused on US economic statistics. The weekly unemployment claims might change the course of events, barring an adjustment to the Q3 GDP figures. The NASDAQ mini was up 9.75 points this morning, offering initial assistance.