US Drought Monitor
The latest weekly US Drought Monitor update, for the week ending Tuesday, September 29 (slide 1) showed little change from the previous week (slide 2), though northeast Kansas and northwest [...]
The latest weekly US Drought Monitor update, for the week ending Tuesday, September 29 (slide 1) showed little change from the previous week (slide 2), though northeast Kansas and northwest [...]
Morning Summary: After the dust had settled on Wednesday’s session, my friend in the brokerage industry gave me a call. While his voice was subdued, his humor was still there [...]
What stood out to me at the end of September? Grains Most of the long-term monthly charts showed bearish reversals during September, despite the fact reads on real fundamentals didn't [...]
Note: The Grains sector is difficult at the end of September. From a technical point of view, I see long-term reversal patters resulting in sell signals in nearly all markets. [...]
Live Cattle (Nearby futures): Despite consolidation during September, the market still looks to be in a major (long-term) downtrend. The downtrend began with the bearish key reversal during May 2026. [...]
Cotton (Dec contract Only): The December futures contract moved to a secondary (intermediate-term) downtrend with a bearish key reversal the first week of September. This was followed by the completion [...]
Brent crude (QA): Theoretical Positions: It’s possible investors went long the market during January or February on bullish technical breakouts. The market completed another bullish outside range during July. The [...]
Gold (Cash Index): While the Index consolidated during September, it remains in a major (long-term) downtrend that began with a bearish outside monthly range during March. The Index closed September [...]
I want to put a spotlight on the Mexican peso (^MXNUSD) after the currency posted a sharp selloff during September. Much of this was due to the firming US dollar, [...]
The US dollar index ($DXY): The Index still looks to be in a major (long-term) uptrend that was confirmed as the greenback posted a new 4-month high during March 2026. [...]
I didn't have room for the US 30-year T-bond monthly chart in the Financials segment of Monthly Analysis, but I wanted to highlight the move in long-term yield during September. [...]
The S&P 500 ($INX) consolidated during September before closing at 7,651.54, down 34.60 (0.45%) for the month. Theoretical Positions: Investors likely bought back into the Index durning April and are [...]
Afternoon Summary: A little behind the scenes story for you: When the clock struck High Noon (ET), I didn’t look at markets. Any markets. Any sector. Until it was time [...]
USDA's Keno numbers have been revealed! Corn ~ 2.095 billion bushels (bb): BEARISH as compared to USDA's own September 2025-2026 ending stocks estimate of 1.922 bb and the average pre-report [...]
While I don't think we will see daily price limits hit in the Grains sector Wednesday, it is a possibility. (With a possible ripple effect into the Livestock sector as [...]
USDA announced sales of 105,000 mt of 2026-27 soybeans to unknown destinations.
Morning Summary: Last Friday, after all ‘heck’ broke loose in the commodities complex following another overhyped meeting between the presidents of China and the US, a friend from southern Nebraska [...]
Similar to what I talked about in this space Tuesday with November Soybeans, the continuous monthly chart for December corn could show a bearish turn by the end of Wednesday's [...]
Good morning everyone! Do you have your Keno cards[i] ready for USDA’s latest game of chance, this one known as the quarterly Grain Stocks report? Yes, there is also a [...]
Afternoon Summary: Let me start by saying Tuesday was a classic Throwaway Day, generally in any sector you wanted to look. On the financial side, Wednesday marks the end of [...]
It could be no other way. As mentioned in Tuesday's Morning Commentary, the Nov26 soybean contract was sitting at $12.88 early Tuesday morning, with a look at the November-only continuous [...]