美国大豆 (Soybeans) 加自选

堪萨斯城联邦储备银行的制造业生产指数从上个月的0降至2024年11月的-4。新订单量进一步下降至负值，为-9，而积压订单保持不变，为-14。此外，员工人数指数从10月份的-2反弹至1，但平均员工工作周指数降至-9。与去年同期相比，工厂活动综合指数从-14进一步降至-18。与此同时，未来综合指数从7升至11，反映出对未来产量和新订单的强烈预期。预计未来六个月，就业和资本支出也将增长。

The Kansas City Fed's Manufacturing Production Index fell to -4 in November 2024, down from 0 in the previous month. The volume of new orders declined further into negative territory, registering -9, while backlogs remained unchanged at -14. Aditionally, the number of employees index rebounded to 1 from -2 in October, but the average employee workweek index dropped to -9. Year-over-year, the composite index for factory activity fell further to -18 from -14. Meanwhile, the future composite index rose from 7 to 11, reflecting strong expectations for future production and new orders. Employment and capital expenditures are also projected to grow over the next six months.

截至2024年11月15日的一周，美国公用事业公司从国家储备中提取了30亿立方英尺的天然气，达到39690亿立方英尺，与预计的50亿立方英尺相比。这标志着美国天然气库存的预期开始，因为有报道称，生产商因价格下跌而减产，这放大了最近气温下降导致需求增加的影响。股市仍比去年同期高出3.7%，比5年平均水平高出6.4%。

US utilities drew 3 billion cubic feet of natural gas from national storage to 3,969 billion cubic feet on the week ending November 15th, 2024, a contrast with expectations of a 5 billion cubic feet build. It marked an anticipated start to the drawing season for US natural gas stocks, as reports that producers cut output due to lower prices magnified the impact of a recent increase in demand due to colder temperatures. Stocks remain 3.7% higher than the corresponding period of the previous year, and 6.4% above their 5-year average.

加拿大10年期政府债券收益率升至3.42%以上，为四个多月来的最高点，因为通胀压力和经济韧性的迹象有利于中国银行不那么温和的前景，超过了向美国同行施压的避险行为。美国国债收益率正在下降，因为地缘政治紧张局势和对升级的担忧导致对避险资产的需求增加，超过了市场对美联储近期降息的预期下降。在加拿大，通胀压力加剧，10月份生产者价格指数环比上涨1.2%，为4月份以来最强劲的增长。早些时候的数据显示，消费者通胀超过了关键指标的预测，削减后的平均核心通胀率从9月份的三年低点2.4%攀升至10月份的2.6%。其他支持来自强劲的经济指标，包括意外的低失业率和强劲的PMI数据，降低了中国央行大幅降息的可能性。

The yield on Canada’s 10-year government bond rose above 3.42%, a more than four-month high, as inflationary pressures and signs of economic resilience favored a less dovish outlook for the BoC, outweighing a flight to safety that has pressured its U.S. counterpart. U.S. Treasury yields are falling as heightened demand for safe-haven assets, driven by geopolitical tensions and fears of escalation, outweighed the market's reduced expectations for near-term Federal Reserve rate cuts. In Canada, inflation pressures intensified, with producer prices rising 1.2% month-over-month in October, the strongest growth since April. Earlier data showed consumer inflation exceeding forecasts across key metrics, with the trimmed-mean core inflation rate climbing to 2.6% in October from a three-year low of 2.4% in September. Additional support came from robust economic indicators, including unexpectedly low unemployment and strong PMI data, reducing the likelihood of significant rate cuts by the BoC.

美国4周期票据拍卖：4.53%对4.51%。美国4周期票据拍卖：4.53%对4.51%

United States 4-Week Bill Auction: 4.53% vs 4.51%.United States 4-Week Bill Auction: 4.53% vs 4.51%