May Canola: Canola May

2021-02-22T15:26:15-06:00February 22nd, 2021|Charts|

Rather than saying canola has been flying under the radar, a look at the weekly chart for the May contract shows it is actually flying above the radar as it posted a new high of $758.30 Monday*. Both the old-crop [...]

Gold: What Could Be

2021-02-06T10:32:03-06:00February 6th, 2021|Charts|

As I just retweeted on Twitter, my friend Neils Christiansen of Kitco News included me in his weekly column discussion the various opinions of analysts and traders on gold. In it I talk about how I still see a secondary [...]

Crude Oil: OPEC OrEOs

2021-02-04T09:12:40-06:00February 4th, 2021|Charts|

Though the US is only two weeks into the new Biden administration, I've had folks tell me the new president's Executive Orders have been the cause of the $1.00-plus selloff in soybeans and the sharp rally in crude oil. As [...]

Euro: A Brexit Brink

2020-12-21T08:29:48-06:00December 21st, 2020|Charts|

As I mentioned in Monday's Morning Commentary, the initial reaction Sunday night through early Monday morning to news of another stalemate in Brexit talks over the weekend was a strong rally by the US dollar index ($DXY) and sharp selloff [...]

March Corn: Thin Ice

2020-11-23T15:02:23-06:00November 23rd, 2020|Charts|

The March corn contract looks to be in a bit of a precarious position, technically speaking, following Monday's session. After equaling its previous high of $4.3575 (from November 11), the contract closed at $4.3325. Yes, this was still higher for [...]

February Lean Hogs: Break Down

2020-11-19T16:12:47-06:00November 19th, 2020|Charts|

The February lean hog contract extended its secondary (intermediate-term) downtrend to a low of $62.90 during Thursday's breakdown. However, note weekly stochastics are still above the oversold level of 20%, at least partially, meaning the contract has more room to [...]

Copper: Mixed Opinions

2020-11-12T08:51:00-06:00November 12th, 2020|Charts|

One of the markets that doesn't get a lot of attention, usually, is copper. As I was watching CNBC Wednesday, an analyst came on talking about how he expects this industrial metal to rally to $3.30 on the outlook for [...]

December Lean Hogs: Top Heavy

2020-10-23T08:20:16-05:00October 23rd, 2020|Charts|

Heading into Friday's session it seems a foregone conclusion the December lean hog contract will complete a bearish spike reversal on its weekly chart, confirming the previous 5-wave secondary (intermediate-term) uptrend has rolled over into a 3-wave downtrend. After posting [...]

Cash Soybeans: Imagine

2020-10-08T15:12:54-05:00October 8th, 2020|Charts|

I'm going to put the disclaimer to this analysis at the very beginning: I AM NOT SAYING THE CASH SOYBEAN MARKET IS TOPPING. Keep that in mind as we make our way through this analysis, because what I'm going to [...]

Cash Corn: Corn-gestion

2020-10-08T06:59:48-05:00October 8th, 2020|Charts|

It's hard to believe only a week has gone by since I updated Monthly Analysis with some of the key markets I watch, including cash corn. But here we are, one week into October and the commodity sector has exploded [...]

Go to Top