It Was a Wednesday
Afternoon Summary: Around midday, a good friend in the brokerage industry called and said, “I think I know what your answer will be, but how do you explain what is [...]
What the Fed Said
As expected, the US Federal Reserve left the Fed fund rate unchanged, the range to between 3.5% and 3.75%. However, according to a CNBC piece posted by Jeff Cox, the [...]
More of the Same
Morning Summary: It’s another day ending in “y”, meaning more of the same was seen in the commodity complex overnight, generally speaking. The Energies sector was mostly higher again, with [...]
Fed Fund Futures Forward Curve
Later today, Wednesday, April, 29, US Fed Chairman Powell will step to the microphone and announce no change to the Fed fund rate, leaving it between 3.5% and 3.75%. The [...]
Not Your Typical Tuesday
Afternoon Summary: A look at the quote screen Tuesday afternoon and we don’t see much Turnaround Activity or TACO Trade that is typical for the second day of the week. [...]
Markets That Matter
Morning Summary: While there are a number of market sectors within the commodity complex, there are only a few we need to look at pre-dawn each day to tell us [...]
Tuesday’s Headlines
Well, at least we know the next country the US president will invade - Germany. From CNBC U.S. is 'being humiliated by Iran', says Germany's Merz, as Europe's patience wanes; [...]
A Mixed Market Monday
Afternoon Summary: A look at the Barchart Futures Market Heat Map this afternoon shows Monday’s session was a mixed bag. There were three sectors of the commodity complex solidly in [...]
Nothing New
Morning Summary: After Sunday’s headlines were traded at the open yesterday evening and last night, not much changed through Monday’s early morning hours. The only significant move I see pre-dawn [...]
Sunday Night Markets
As I mentioned this morning, the key Sunday headline had to do with the US envoy not going to a meeting that was never schedule. Early market response is as [...]
HRW Wheat
DNAI Algorithm (Position/Action/Percent) Weekly: Long/Reduce Previous Week: Short/Add Theoretical Positions 2026 Crop: A small percentage of expected production may have been priced near the recent weekly close of $6.4375 based on [...]
RBOB Gasoline
As mentioned in Weekly Analysis: DNAI In-House Algorithm Summary, the algo has been long RBOB gasoline futures for at least the past 8 weeks (slide 3). It was also mentioned [...]
DNAI In-House Algorithm Summary
I’ve had a number of requests for a recap of what the DNAI algorithm is showing for a variety of markets. I created this summary of weekly (intermediate-term) readings from [...]
Corn
Corn national average basis remains weak. Last Friday’s calculation came in at 34.5 cents under May futures (solid green line) as compared to the previous Friday’s figure of 36.5 cents [...]
Soybeans
Soybean national average basis remains weak. Last Friday’s calculation came in at 62.0 cents under May futures (solid green line) as compared to the previous week’s figure of 64.75 cents [...]
HRW Wheat
The HRW wheat national average basis market remains weak. Last Friday’s calculation came in at 67.75 cents under May futures (solid green line) as compared to the previous week’s 69.0 [...]
SRW Wheat
SRW wheat national average basis remains neutral-to-weak. Last Friday calculation came in at 52.5 cents under May futures (green line) as compared to the previous week’s 53.0 cents under with [...]
Sunday’s Headline(s)
Let's consider this the early edition of Sunday's headlines as I'm sure there will be more before markets open later today. For nor, from CNBC: (The US president) cancels envoy [...]
HRS Wheat
The HRS wheat basis market remains weak. Last Friday’s calculation came in at 33.75 cents under May futures (green line) as compared to the previous week’s 35.75 cents under with [...]















