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19:19
On Monday (May 18), ICE raw sugar futures fell by 0.61% in late New York trading, while ICE white sugar futures fell by 0.50%.
ICE Arabica coffee futures fell by 0.50%, while Coffee "C" futures dropped by 0.15%. Robusta coffee futures declined by 1.96%. New York cocoa futures fell by 5.85% to $3,768/ton. London cocoa futures decreased by 6.05%. ICE cotton futures rose by 4.26%.
19:01
Chicago corn futures rise over 4.7%, wheat up more than 4.5%, and soybeans rise about 3%
CBOT corn futures rose by 4.72%, quoted at $4.7725 per bushel. CBOT wheat futures rose by 4.56%, quoted at $6.6475 per bushel. CBOT soybean futures rose by 2.97%, quoted at $12.12 per bushel; soybean meal futures increased by 0.09%, and soybean oil futures rose by 2.26%. CBOT lean hog futures fell by 0.44%, live cattle futures dropped by 0.32%, and feeder cattle futures decreased by 0.74%.
18:52
After accompanying former U.S. President Trump on a visit to China, Nvidia's CEO stated that the Chinese market will eventually open up over time.
This statement was made during an interview with Bloomberg Television. The head of the chip giant pointed out that despite current geopolitical tensions and trade restrictions, he remains optimistic about the long-term outlook. He emphasized that the global nature of the technology industry means that ultimately, the market requires interconnectedness. These remarks come as US technology companies like Nvidia are facing increasingly stringent regulatory scrutiny and export controls in the Chinese market.Analysts believe that the CEO's comments reflect a widespread desire in the business community to ease tensions between China and the US. As competition in artificial intelligence and semiconductors intensifies, maintaining market access is crucial for Nvidia's continued growth.However, the specific timeline for achieving this open outlook remains uncertain and will depend on complex diplomatic negotiations and policy changes. Investors are closely watching related developments, as they may affect Nvidia's future revenue sources and global supply chain layout.
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