Author: xjadmin

On May 10th, due to the impact of product costs, Nestle USA will increase the prices of some chocolate products. According to a memo, Nestle’s US division will increase the prices of its Toll House chocolate, baked cocoa, and gummy sets starting from June 23rd. Despite the overall easing of food inflation in the United States, prices of chocolate and other categories continue to rise. Cocoa futures hit a historic high at the end of last year due to tight supply, pushing up terminal prices and suppressing consumer purchasing intentions. Last year, cocoa futures in New York soared to a historic high of nearly $13000 per ton due to crop damage in West Africa. Although the current price has fallen 30% from its peak, it is still far above historical levels. Arabica coffee futures also hit a record earlier this year due to Brazil’s drought.

On May 10th, the Pakistani military announced that India launched six ballistic missiles, all of which fell into Indian territory. It is reported that one of the missiles landed in Adampur, India, and the other five landed in the Amritsar region of India. In addition, the Pakistani military also stated that one drone was shot down in Punjab province. India has not yet responded to this.

On May 10th, the US Commodity Futures Trading Commission (CFTC) reported that as of the week ending May 6th, the net long position of the Japanese yen was 176859 lots, the net long position of the euro was 75719 lots, and the net long position of the pound was 29235 lots. The net short position of Bitcoin is -1781 lots.

On May 10th, the US Commodity Futures Trading Commission (CFTC) reported that as of the week ending May 6th, US speculators increased their net short positions on the S&P 500 CME by 6469 lots to 255931 lots, while stock fund managers reduced their net long positions on the S&P 500 CME by 13088 lots to 813162 lots.

May 10, the U.S. Commodity Futures Trading Commission (CFTC): As of the week of May 6, speculators increased the net short position of CBOT two-year treasury bond futures by 14416 to 1220793, the net short position of five-year treasury bond futures by 3925 to 2296496, the net short position of 10-year treasury bond futures by 81631 to 953168, and the net short position of ultra long treasury bond futures by 13381 to 264775.

On May 10th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 6th, speculators’ net long position in WTI crude oil decreased by 10094 contracts to 143938 contracts; The net long position of natural gas futures in the NYMEX and ICE markets increased by 12286 lots to 197717 lots.

On May 10th, according to the US Commodity Futures Trading Commission (CFTC), as of the week ending May 6th, speculators’ net long position in COMEX gold decreased by 3558 contracts to 112307 contracts, hitting a 14 month low; COMEX silver futures speculative net long position decreased by 1004 lots to 30248 lots. COMEX copper futures speculative net long position increased by 3325 lots to 23338 lots.

On May 10th, the Gaza Strip media office announced on the 9th local time that the Israeli army attacked the United Nations Relief and Works Agency for Palestine Refugees in the Near East aid distribution center located in the Jabaliya refugee camp in northern Gaza, resulting in at least two deaths and multiple injuries. Shortly thereafter, the Israel Defense Forces and the National Security Agency (Shin Bet) issued a joint statement stating that their forces were conducting strike operations against Palestinian Islamic Resistance Movement (Hamas) militants in the Jabaliya refugee camp in the northern Gaza Strip.

On May 10th, Israeli Defense Minister Katz said on the 9th that Israel will make a “strong response” to missile attacks by Houthi militants in Yemen. Katz said that the Houthis continue to launch missiles at Israel. Israel will respond strongly in Yemen and any necessary places.

On May 10th, the settlement price of international crude oil futures rose by over 1%, with a cumulative increase of over 4% this week. WTI crude oil futures for June closed up $1.11, up 1.85% at $61.02 per barrel, with a cumulative increase of 4.68% for the week. Brent crude oil futures for July closed up $1.07, or 1.70%, at $63.91 per barrel, with a cumulative increase of over 4.27% for the week.