The probability that the Federal Reserve will keep interest rates unchanged in July is 60.4%.
According to Golden Ten Data on June 19, based on CME "FedWatch": there is a 60.4% probability that the Federal Reserve will keep rates unchanged in July, and a 39.6% probability of a cumulative 25 basis point rate hike. For September, there is a 31.2% probability that the Fed will keep rates unchanged, a 49.6% probability of a cumulative 25 basis point rate hike, and a 19.1% probability of a cumulative 50 basis point rate hike.
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European soybean meal hits eight-day high, slow US harvest provides support
(1) Soybean meal prices in the European feed market rose on Tuesday, following gains in soybean and soybean meal futures on the Chicago Board of Trade. Concerns about delayed soybean supplies were triggered by slower-than-average US harvest progress and wetter-than-normal soil in some production areas. (2) According to institutional records, the EU high-protein soybean meal FOB Rotterdam December delivery price on October 6 increased by about $7/ton compared to the previous trading day, reaching the highest level in about eight trading days (since September 25). (3) South American soybean meal prices were up as much as $9/ton compared to Monday; specifically, Brazilian high-protein soybean meal CIF Rotterdam September delivery price increased by about $9/ton from Monday. (4) Argentine or other origins’ high-protein soybean meal CIF Rotterdam October delivery increased by about $7/ton from Monday. (5) EU rapeseed meal prices fluctuated between down about €3/ton and up about €3/ton compared to Monday, reflecting technical correction.
Marvell Technology expects total revenue to reach 20 billions USD in fiscal year 2028.
Marvell Technology Group (MRVL.US) expects its total revenue to reach 20 billions USD by fiscal year 2028.
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