Soybean prices appear to have completed a corrective structure that began in late February and could now be resuming the long-term bearish trend.

The economic slowdown continues led by income and consumer spending.

The 24Q1 Y/Y blended earnings growth estimate is –1.3%. If the energy sector is excluded, the growth rate for the index is 11.5%.

Initial jobless claims rose 3,000 last week to 219,000. More importantly, the 4 week moving average rose another 2,500 to 222,500, the highest level in 9 months.

The Australian Dollar fell over 0.50% against the US Dollar due to high US Treasury yields and weak bond auction demand.

The impact of Bitcoin halving will be gradual, which means the highly anticipated bull-run is yet to come.