News Summary

The US dollar dropped as China lifted its lending and deposit rates. The dollar index (DXY) fell 0.12% to 80.40, compared with 80.487 late Thursday. Against the greenback, the euro gained 0.1678% to $1.3135, versus $1.3114 in North American trading Thursday. Shares of Cal-Maine Foods Inc

fell about 4.8% after the company reported 5.6% y/y drop in its FQ2 net income. CALM reported its earnings at $0.63 per share on revenue of $234.5 million. However, analysts expected earnings of $0.72 per share on revenue of $231.2 million. CALM's Chief Executive Dolph Bake said, "The current and expected balance of supply and demand for corn and soybean meal points to a tight feed supply throughout the next marketing year." Crude-oil futures fell on Monday after People's Bank of China on Saturday raised its lending and deposit rate by a quarter of a percentage point. Crude for February delivery lost 0.50% to $91.05 per barrel. The energy market was closed for Christmas Eve on Friday. Read more