Outside of ag commodities at midweek, the dollar index posting its highest level in 13 months, two-year treasuries trading at 16-month highs, while crude oil continues lower, now the lowest since early in February. Grain trade not the only sector battling support in here at midweek. Bottom line analysts point to the tech sector under pressure early week with those treasury yields, two-year treasuries near 4.2%, the highest since February of last year, 10-year treasuries trading near 5.5% at midweek.
Major tech names should be watched closely according to our analysts, Alphabet, Amazon, Meta, and Microsoft.
This is the bottomline report. Iran’s frozen funds may be returned to that country in the form of agricultural imports, also something to watch going forward.
Audio Reporting by Mark Oppold for Southeast AgNet.