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SK Hynix shares fell 3%.Toyota Motors stock price fell 3%.On January 26th, according to foreign media reports, Chicago Board of Trade (CBOT) corn futures rose in the week ending January 23, 2026, with the benchmark contract closing 1.4% higher. This was mainly due to exceptionally strong US corn export sales, rising international crude oil futures, and concerns about dry conditions in Argentina. The upcoming cold snap in the US may affect corn processing, also supporting the market. The upcoming weekend will see unusually cold weather across much of the US Midwest, with heavy snow expected in the south. This could prompt some buyers to purchase corn earlier, and livestock will need higher-energy feed for warmth. Currently, dry weather in parts of southern Argentina may affect local corn crop growth. This week, crop expert Dr. Michael Cordone maintained his corn production forecasts for Brazil and Argentina at 137 million tons and 56 million tons, respectively. AgRural stated that Brazils second-season corn planting is at 1.1%, far behind the 6.7% of the same period last year.On January 26th, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) rose further in the week ending January 23, 2026, with the benchmark contract closing 2.6% higher. This was mainly due to the expectation that US biofuel blending targets would be implemented in March, and the strengthening of international crude oil futures. The market continued to be boosted by the impending clarification of US biofuel blending policies. StoneX analyst Arlan Sudman stated that the market is cautiously optimistic about the final regulations, believing they will have a positive impact on demand for biodiesel feedstocks such as soybean oil.U.S. Republican Senator Lindsey Graham has introduced a bill to end sanctuary cities.

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


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