As I mentioned in Monday's Afternoon Commentary and again in Quick Takes later in the evening, Dec corn looks to have moved into a minor (short-term) uptrend on its daily chart. Initial signals for such a move were a bullish [...]

One of the more impressive markets last week was lean hogs, as contracts closed out the week on a strong run with support tied to commercial buying. The more active October issue closed within sight of its weekly high of [...]

I mention "forward curve" probably a half-dozen times every day, so I wanted to show you a chart of what I'm talking about. A forward curve is just that, each contract from the nearby/spot through as far deferred as one [...]

One of the markets I've been watching closely is December live cattle. Back on July 28 (has it really only been a week?) I talked about how the weekly chart looked to be establishing a top. However, by the time [...]

In this past weekend's Weekly Analysis: Livestock and Dairy I talked about how October lean hogs still looked to be in a secondary 5-wave uptrend, with the recent sell-off being a Wave 2 move. By definition, Wave 2 tends to [...]

The US dollar index (USDX) and euro continue to be the flip-side of the same coin, with patterns seen on the charts of one of these currencies the complete inverse of what I see on the same charts of the [...]

The euro is a fascinating technical study in that it allows us to use the three main timeframes (long-term, intermediate-term, short-term) to get a better picture of how the market might act over the coming weeks and months. The long-term [...]

The best technical description of the Canadian dollar (loonie) long-term monthly chart is one not used all that often: It's a mess. The best way to describe what I see is a major (long-term) sideways trend between the initial low [...]

The Brazilian Real (per US dollar) closed July at 19.14 cents, holding within the range between its major (long-term) low of 16.76 from this past May and the June high of 20.74  (green dashed line). Note the latter is now [...]

The United States is just over three months away from its next Presidential Election, bringing to mind an interesting study I was reminded of over the course of the summer. The investment brokerage company LPL Financial has put together a [...]

I had a question come in regarding the daily chart for December silver. My friend asked, "What's your opinion on Dec silver? To me it seems like its forming a bull flag." After  initially answering by analyzing the September contract, [...]

The euro has been on a incredible run the last three weeks, extending its uptrends (minor, secondary, and major) to a new high of 1.18475 Thursday. This was a test of the next major target of 1.18417, a level marking [...]

The WTI crude oil market has been floating just below its next upside target near $43.49, the 50% retracement level of the previous secondary (intermediate-term) downtrend from $76.90 (week of October 1, 2018) through $10.07* (week of April 27), for 6 [...]

A good friend called Tuesday afternoon and asked about my thoughts on the Dec live cattle contract. A look at it's weekly chart shows a potential topping formation after the contract tested its upside target of $109.675, a price marking [...]

As I mentioned in Afternoon Commentary, the carry in the September-July corn futures spread continues to strengthen, indicating the commercial side of the market is getting more comfortable with long-term supply and demand. The spread's daily chart shows a clear [...]

A good friend sent me a message Thursday afternoon asking, "With August closing about its 4-week high ($53.80), is this a reason for celebration and maybe a long-term change or a selling opportunity?" It's a great question. Those of you [...]

With about an hour left in Wednesday's session, I wanted to get this Dec corn daily chart updated for everyone. If the contract were to close near $3.34, up about 3 cents for the day, it should be enough to [...]

The soybean market remains one of, if not the most interesting market I track each day. A look at the daily chart for the more heavily traded November contract shows that despite all the perceived craziness, the contract is following [...]

As I mentioned in Tuesday's Afternoon Commentary, the nearby euro futures contract moved to a new 2020 high of 1.15455, its highest level since early January 2019. Additionally, it is sitting just below its next upside target of 1.16137 a [...]

You might recall from this past weekend's Weekly Analysis of Livestock and Dairy that I used the phrase "could establish a bearish 2-week reversal" when analyzing both August and October live cattle contracts. As Monday got under way this certainly [...]

As I mentioned in Morning Commentary Friday, September corn posted an interesting overnight high price before pulling back a bit into intermission. The contract reached $3.34 3/4, creeping into the downside price gap between $3.36 1/4 and $3.34 1/2 left [...]

A friend from Kansas got in touch with me yesterday with an interesting question and idea. He grows hard red winter wheat (HRW), and was wondering if the spread between Chicago soft red winter (SRW) futures and Kansas City (HRW) [...]

A friend asked if I could take a look at September feeders, similar to what I posted in regards to the August contract this past Monday. The key word is similar, with the September contract posting a familiar pattern: A [...]

I mentioned November soybeans daily chart in Morning Comments Wednesday, with the late sell-off in the overnight session setting the stage for what could be an interesting day. Note the contract rallied off Monday's test of the minor (short-term) downside [...]

I mentioned this week's bullish breakout by the euro in Morning Commentary, and wanted to take a moment to continue the conversation. The nearby futures contract reached a high of 1.1454 overnight through early Wednesday morning, taking out its previous [...]

August feeder cattle posted an impressive rally to start the week, closing $1.30 higher at $137.05 after hitting a high of $137.85. Note the contract continues to find resistance at the next upside target near $138.75, a price marketing the [...]

As I mentioned in Monday's Morning Commentary, we need to keep a close eye on the Dec-March corn futures spread early this week. Last Friday saw the spread close at a carry of 10 1/4 cents, down from Thursday's settlement [...]

I'm on record, a number of times lately, saying how lean hogs are one of the most bearish commodity markets I follow. Fundamentally, futures spreads from August through next April are weaker than they've ever been over the previous 5-years. [...]

As I mentioned in Afternoon Commentary, the Chicago (SRW) September contract posted a 21-cent rally Wednesday, gaining roughly 4.3% for the day. This extended the minor (short-term) uptrend to a high of $5.17 1/2, a direct test of the next [...]

As I mentioned in Tuesday's Afternoon Commentary, I had the opportunity to visit with a friend in Montana who asked about spring wheat. The crop up in his part of the world looks good, as long as they can get [...]

Another contract I was watching closely at Monday's close was November soybeans. While posting a higher close, supported by continued commercial buying interest, the settlement of $9.06 1/4 was far enough off the session high of $9.12 1/2 daily stochastics [...]

I was watching a couple contracts closely at the end of Monday's session, looking for signs minor (short-term) trends were set to roll over. One of these contracts was August live cattle, with the contract popping to a high of [...]

New-crop Dec cotton is posting a solid 0.5 cent rally to start the week, supported by a round of commercial buying indicated by a weaker carry in the Dec-March futures spread. However, we need to keep a close eye on [...]

The grain and oilseed complex in general did not post a bullish close to the overnight session Thursday, with all the major markets finishing in the red. A quick look at this daily chart for Dec corn will likely have [...]

I had a conversation with a good friend Tuesday afternoon about the live cattle market. First, it was a welcome break from the eruption in the grain and oilseed complex, with the focus on the August live cattle contract made [...]

Let me start with the conclusion: I'm still bearish the U.S. dollar index (USDX), continuing to see a major (long-term) downtrend on its monthly chart. Having said that, the USDX continues to show resiliency holding above the spike low of [...]

To analyze the euro, we need to take a look across the different time frames to get a better picture of the currency in general. On this continuous monthly chart, I still see a major (long-term) uptrend that has a [...]

The Canadian dollar, appropriately known as the loonie, continues to show no clear trend on its long-term monthly chart. June saw the loonie post a high of 0.75105, a test of its next major upside target of 0.75535, the 50% [...]

Long-term Brazilian real market bulls had to be disappointed in how the month of June played out. After rallying to a high of 0.20739 (versus the U.S dollar), the real fell back to close the month at 0.18287, down 0.00445 [...]

Back on May 8th the Chart of the Day discussed the secondary uptrend the Beyond Meat stock had established, due in part to the problems (at the time) getting meat packing plants up and running. Recall March and April had [...]

In this past weekend' Weekly Analysis: Livestock and Dairy I mentioned how bearish the commercial side of the lean hog market continues to be. As you can see on this chart, the 2020 August-October futures spread (green line) closed last [...]

As I ran through all my charts Thursday afternoon, following the bearish close in most markets, the one that stood out to me was the daily chart for 2020 Dec com (CZ0). After hitting a new contract low of $3.24 [...]

As I was watching CNBC late Wednesday afternoon, a sad commentary on my part reflecting the fact baseball has not yet returned, the host introduced us to The Chart Master and his discussion of Wednesday's meltdown by the S&P 500 [...]

As I mentioned in Morning Commentary Wednesday, the September Kansas City (HRW) wheat contract posted a minor (short-term) bullish key reversal on its daily chart Tuesday (June 23), confirming the signal of a move to a new minor uptrend of [...]

I changed course from what I mentioned in Morning Commentary for the initial Chart of the Day Tuesday, going instead with this look at the Dec corn daily chart. There is a lot going on, with the first thing we [...]

If one were to look at this daily chart for August live cattle, and no titles or prices were available, one might guess it was any corn chart of any timeframe, based on the clear sideways pattern (as mentioned in [...]

As I talked about in this space just over a week ago, the minor (short-term) trend of new-crop November soybeans looked to be turning down. This week we finally seemed to get confirmation of a new downtrend as the contract [...]

I've been visiting with a friend of mine about October crude oil for a while now, and we both are keeping a close eye on the contract's daily chart. I've seen a number of minor (short-term) trend changes over the [...]

As I mentioned in Morning Commentary early Monday, U.S. stock indices are set up to see another wave of heavy selling hit, with all three time frames (short-term, intermediate-term, and long-term) showing different bearish technical's patterns. Given that, let's take [...]

Thursday's (June 11) session saw the new-crop December cotton contract confirm its rollover to a minor (short-term) downtrend, as it posted a new 4-day low of 58.75. This took out the previous 4-day low of 59.38 (Friday, June 5), confirming [...]

Last Thursday (June 4), in this space, I talked about how distillates (diesel fuel, jet fuel, heating oil, etc.) looked to be in position to roll over into a minor (short-term) downtrend. This was my conclusion after daily stochastics established [...]

As I mentioned in Monday's Afternoon Commentary, both new-crop December corn and November soybeans posted minor (short-term) bearish signals at the close. Making a choice, I went with November soybeans as Monday's Chart of the Day ("Rolling Over"), expecting that [...]

As I mentioned in the most recent Weekly Analysis of Oilseeds (posted Sunday, June 7), the minor (short-term) trend in new-crop November soybeans was set to turn down following last Friday's (M5) bearish crossover by daily stochastics, not only above [...]

Earlier this week (Tuesday, June 2) I took a look at the daily chart for July silver as the contract's minor (short-term) trend looked to be rolling into a downtrend. This was confirmed with a move to a new 4-day [...]

A friend sent me a question Wednesday, "What are your long-term thoughts for (diesel) fuel? Is it time to buy for next year's needs?" As you know, the energy complex was incredibly volatile over the March-April-May quarter, highlighted by crude [...]

I've been keeping an eye new-crop December cotton patterns for quite some time now, watching as it continued to consolidate on its daily chart. Note the move, in general, has consisted of a flat-to-slowly rising topside (top blue line) and [...]

I was recently asked about July silver, and whether or not it looked like the minor (short-term) trend was set to turn down. As of last Friday's close, the minor uptrend was still going strong, with continued buying seen Monday [...]

Before the June lean hog contract waves goodbye and rides off into the sunset, I want to take one more look at its minor (short-term) waves. Monday's sell-off saw the contract do what it looked like it should: Move through [...]

Just as the long-term monthly chart for the euro was thrown into confusion during March, this monthly chart for the U.S. dollar index (USDX) is just as confusing due to its bullish outside range during March. Theoretically this should've blown [...]

I still see a major (long-term) uptrend on the monthly chart for the nearby euro futures contract. While the bearish outside range posted during March remains a little bothersome, the euro has been able to slowly climb back, posting a [...]

After looking at this monthly chart for the nearby Canadian dollar futures contract, I had to go back and read what I posted last month. As it turns out, I was set to write much the same thing as I [...]

It has taken a while, years actually, but the Brazilian real finally looks to be turning bullish on its long-term monthly chart. May saw the real extend its major (long-term) trend to a new low of 16.756 before rallying to [...]

Compared to some of the other monthly charts for cmdty National Price Indexes (national average cash prices), this one for the cmdty National HRS Wheat Price Index (HSPI) is relatively straight forward. The HSPI looks to be in a major [...]

Some of you may have just read my monthly analysis of the cmdty National HRW Wheat Price Index and recall my conclusion was it remains in a major (long-term) uptrend, albeit one looking to top out between June 2020 and [...]

The long-term monthly close-only chart for the cmdty National Kansas City Wheat Price Index (HWPI, national average cash price), what I view as the market's intrinsic value is showing an interesting pattern of condensing trends. For example, the initial major [...]

Many years ago, back when I worked in a newsroom, the late Gary Wilhelmi acted as our Man on the Floor of the Chicago Board of Trade. Gary had been a floor reporter for decades, had seen it all, with [...]

We have finally reached the end of May, meaning it is time to start the process of posting my long list of long-term monthly charts. As I was putting my opener together, this look at the cmdty National Corn Price [...]

As I mentioned Wednesday, the June Class III milk contract has posted an impressive rally over the last 5 weeks, so much so it has basically completely erased the massive sell-off from the previous 3 months. As this daily chart [...]

As you know, I've been keeping a close eye on a number of global currencies, with much of the focus on the U.S. dollar index (USDX) and euro. As we set sail on a new day Wednesday, the euro has [...]

A good friend asked me my thoughts on the August-October live cattle spread Tuesday, and an initial glance at this daily charts shows the spread looks to be rolling over from a minor (short-term) 5-wave uptrend to a potential 3-wave [...]

A friend asked if I could post a look at August feeder cattle this morning, as I have focused a great deal of analysis on live cattle and lean hogs of late. The daily chart for August feeders resembles what [...]

One of the contracts that grabbed my attention Wednesday was July Kansas City (HRW) wheat. A look at the contract's daily chart shows it fell to a new low for its previous (there's a hint) minor (short-term) downtrend of $4.38 [...]

As I mentioned in Morning Commentary Wednesday, new-crop Dec corn continues to consolidate within converging trendlines connecting minor (short-term) highs and lows, dating back to the April 20 peak of $3.43 1/4 and the April 21 low (also the contract [...]

The weekly chart for November soybeans continues to show hints of a secondary (intermediate-term) uptrend based on a series of bullish crossovers by stochastics (middle study) below the oversold level of 20%. However, this uptrend has not been confirmed by [...]

The euro posted a solid gain of 1.03 to start the week, rallying off an early test of trend line support (bottom blue line) enough to move through trend line resistance (top blue line). Those of you following along the [...]

This daily chart for June lean hogs is showing some interesting patterns, most notably short-term waves within the minor downtrend that began with the high of $66.95 posted May 4. This peak was in conjunction with a bearish crossover by [...]

For those of you who are gamblers, and aren't afraid of taking on wheat, the daily chart for the Kansas City (HRW) July contract is showing a possible move to a minor (short-term) uptrend. After falling to a low of [...]

One contract I haven't talked about much of late is new-crop December cotton. After establishing a secondary (intermediate-term) uptrend, starting with a bullish crossover by weekly stochastics below the oversold level of 20% the week of March 23, Dec cotton [...]

As the livestock sector heads into Tuesday's session, live cattle contracts are subject to expanded daily limits of $4.50 following Monday's $3.00 limit down move by deferred issues. As you can see on this daily chart for December live cattle, [...]

The continuous weekly chart for the nearby euro futures contract shows a continued consolidation pattern roughly between the recent low of 1.0648 (week of March 16) and 1.1150 (weeks of March 23 and March 30). Since then the euro has [...]

As I mentioned in my latest Weekly Column, "The Chain", the company Beyond Meat has become the darling of CNBC financial news, particularly Mad Money star Jim Cramer. The spotlight has been shining brighter on Beyond Meat, and the fake [...]

A good friend sent me a set of questions making for a good Chart of the Day Thursday. He asked, "I see the Nov-March soybean spread is almost 15 cents (inverse). I would guess China was buying today given the [...]

The live cattle market posted a strong rally with contracts from June 2020 through April 2021 all closing up the daily limit $3.00. This means the market has an expanded daily limit of $4.50 Thursday, though as we have seen [...]

Before we close the books on this round of long-term monthly chart updates, I wanted to take a look at this continuous chart for December corn. In other words, this chart shows how Dec corn only has moved over time, [...]

If you cross your eyes just right, and add in a number of other factors, July corn looks to be on the threshold of starting a secondary (intermediate-term) uptrend on its weekly chart. Yes, you read that correctly, July corn [...]

I had a question come in Saturday morning combining much of what I've talked about in regards to cash wheat the last week. My friend wanted to know what I saw, technically, in the Chicago (SRW) wheat July-December futures spread, [...]

The monthly chart for the cmdty National HRS Wheat Price Index (HSPI, weighted national cash average) looks to be relatively straight forward. I say "relatively" because there could be a debate as to whether the HSPI is in a Wave [...]

While the trend picture is clearer for the cash hard red winter wheat market, the cmdty National SRW Wheat National Price Index (SWPI, weighted national cash average) takes us back into the mud. As in the view is as clear [...]

As April came to an end, the number of markets showing clear chart patterns were far outdistanced by those whose monthly charts resembled abstract art. However, the long-term path for hard red winter wheat, looking at the monthly chart for [...]

The cmdty National Soybean Index (NSPI, weighted national average) posted a strong 19 1/2-cent gain to close the month of April at $8.09 1/2, extending its rally off the monthly low near $7.64 1/2 posted on April 21. While an [...]

Of all the monthly charts I'll be discussing, King Corn's corn picture seems to be the clearest. And as always, when I talk about long-term trends of the various grain markets I'm looking at the cash, or intrinsic value, of [...]

After what we saw on the monthly charts for currencies, gold looks to be relatively straight forward. But then again, in this time of great uncertainty, what seems to be may not actually be. nevertheless, if we take this monthly [...]

The Brazilian real nearby futures contract posted a new low for the market during April, hitting 0.17403 before posting a modest rally to close at 0.18219. Technically, the real looks to be in position to start a major (long-term) uptrend, [...]

Round 3 of my look at global currencies, following the monthly posts looking at the U.S. dollar index (USDX) and euro, puts the spotlight on the Canadian dollar. Here we see a major breakdown during February as the loonie not [...]

If you came here after reading my monthly analysis of the U.S. dollar index (USDX), you are familiar with the technical analysis exercise I used to take part in as a young broker in Wichita, Kansas. An exercise resurrected with [...]

I'd like to say I have a good read on the major (long-term) trend of the U.S. dollar index (USDX), but the bullish outside range posted during March continues to have the greenback in a state of flux. While I [...]

For all the chaos in the pork cash market, lean hog futures continue to follow technical patterns relatively well. This was evident again Tuesday as the August contract left a bullish gap between Monday's high of $62.075 and Tuesday's low [...]

As you would expect, there is plenty to talk about as we look at the weekly chart for July soybeans. Most notable is this week's move to a new contract low of $8.18 1/2, a drop that led to an [...]

I've had a couple questions come in regarding feeder cattle this week, so wanted to post a quick update Tuesday morning. While I still see a secondary (intermediate term) uptrend on the contract's weekly chart (for further discussion, see Weekly [...]

A look at this weekly chart shows nearby euro futures continue to consolidate in a narrowing range, moving in a sideways trend for now while waiting for the next breakout. This pattern started with the high of 1.1502 (week of [...]

Dec cotton looks to be in the process fo rolling over from a minor (short term uptrend to a downtrend, with initial support at the 4-day low of 54.33. Daily stochastics already established a bearish crossover above the overbought level [...]

The live cattle market has been volatile of late, with a look at the daily chart for the December contract (or any other contract) showing a landscape littered with spiked peaks and valleys as well as numerous price gaps. The [...]

The May soybean contract's Odyssey will soon come to an end, with first notice day on April 30. If you have some time while self-distancing, use the search feature on this website (upper right-hand corner, magnifying glass, type in May [...]

A friend called Monday to talk about, among other things, October crude oil. After reading my comments regarding the lack of demand for petroleum in general, my friend wondered if the October contract was overpriced. At the time, October WTI [...]

All eyes were on Thursday's OPEC+ meeting where global cuts in oil production were expected to be announced. And if not then, the next likelihood day for some sort of announcement as today, Friday, April 10, at the G20 meeting. [...]

After posting a look at the daily August feeder cattle chart Tuesday, a good friend asked if June lean hogs contract was showing similar patterns. The answer is "yes" and "no", with the similarity being the hog contract saw its [...]

Monday was indeed an august (def: Inspiring awe or admiration; majestic) session for August feeder cattle. After opening at $111.275, down $3.15 from last Friday's close of $114.425, the contract quickly fell to a new low of $110.025. This put [...]

As I discussed in Weekly Analysis: Softs this past weekend, both old-crop July and new-crop December contracts looked to be turning a bullish corner on their respective weekly charts. Beyond that, though, both were showing recently established minor (short term) [...]

One of the charts I talked about in Wednesday's cmdty by Barchart webinar was the monthly study for the cmdty National Corn Price Index (NCPI, weighted national cash average). This is a critical market for the grain and oilseed complex [...]

I was watching Tuesday's action in currencies closely, with both the U.S. dollar index (USDX) and euro hovering near the fulcrum wide monthly ranges. Reads on major (long term) trends hinged on the respective closes in relation to those posted [...]

As I talked about in Weekly Analysis of Livestock and Dairy this past weekend, August feeder cattle look to have established a secondary (intermediate term) uptrend on its weekly chart. Part of last week's solid rally was the contract leaving [...]

The crawl space had narrowed to the point something was bound to happen, technically, in the May corn contract. The minor (short term) converging trendlines (blue lines) had come into a range of $3.51 1/4 to $3.42 1/2 last Friday, [...]

Thursday afternoon saw the release of the March 1 Hogs and Pigs report, with the latest numbers (and numerous revisions for all four 2019 quarters) possibly viewed as bearish by futures traders as we head into Friday morning. Technically, the [...]

The May soybean contract continues to follow its technical patterns relatively well. Overnight through early Wednesday morning swath contract hit a high of $8.97, a test of the next price target of $8.97 1/4. The latter marks the 50% retracement [...]

A good friend from Kansas had a question for me this afternoon. She recalled from this past weekend's Weekly Analysis the new-crop July Kansas City contract had established a secondary (intermediate term) uptrend on its weekly chart with an upside [...]

As I listened to the discussion regarding the $2 trillion stimulus package passed by the U.S. Congress early Wednesday (March 25) morning, other than the question of who will pay for this I was intrigued by the idea of all [...]

The long and winding road, that makes up the path of the May soybean contract made an abrupt turn over the last 7 sessions. May soybeans posted a low of $8.21 on Monday, March 16, basically fulfilling the secondary (intermediate [...]

Recently, I've mentioned a number of times how the three legs of domestic corn demand are weakening. Monday's session showed one of these legs, ethanol, taking another potential hit as the nearby futures contract continued to gain ground on the [...]

Those of you who have been following along with the new-crop soybean Theoretical Position in Weekly Analysis will recall I've recently talked about selling put options against existing short hedges. This is based on all three filters: Seasonally the new-crop [...]

A couple weeks ago, I posted an initial look at the continuous monthly chart for the nearby futures contract of the US 10-Year T-Note (March 4, "Take Note of the 10-Year T-Note") in response to a question I had received. [...]

Remember when the biggest news hitting markets was the Argentine government implementing new export taxes, a move that sparked a quick rally in soybean meal and soybeans. However, that news was quickly quarantined as the world turned its attention to [...]

This is a tough chart to post, knowing a number of folks still hold some of 2019's cash corn. However, the last two days have seen the cmdty National Corn Price Index (NCPI, weighted national cash average) break to a [...]

I've spent much of the afternoon going over the charts for all the various markets I track, looking at monthly, weekly, and daily for any sign of life. And while a number of them show sharply oversold indicators that could [...]

Many of you likely remember, back before I was talking about The Newsom Bottom, my analysis was focused on the head and shoulder topping pattern on the weekly chart for May soybeans. So, in other words, I've been talking about [...]

I gave a lot of thought to the word that best described the ongoing move in U.S. stock indices, illustrated here by the continuous daily close-only chart for the nearby S&P 500 Index (SP). Since posting its high daily close [...]

Similar to Tuesday's Chart of the Day, Wednesday's edition takes a look at recent changes in the Theoretical Position for December new-crop cotton, as discussed in the latest Weekly Analysis (posted Sunday, March 8). In it, a short sale of [...]

Those of you who have been following along with the Theoretical Position for new-crop December corn in Weekly Analysis will recall that 50% of 2020 production has (theoretically) been priced at an average of $4.08. Furthermore, here in the United [...]

This is a quick update on a chart I posted late last week, talking about the potential broadening formation at what could be the bottom of the short-term downtrend. In order for this odd pattern, one I named The Newsom [...]

Last week was truly fascinating in a number of markets, none more so than the S&P 500. I've long had an attachment to the S&P as put options on this explosive index was the first trades I was ever in. [...]

As I just mentioned on Twitter, a friend of mine who is a market reporter for Reuters just posted a column talking about how Brazilian soy exporters are looking forward to a "massive" March. One reason why is the strong [...]

If nothing else, the nearby old-crop May soybean contract keeps things interesting. After closing higher 6 out of the last 7 days the contract pushed to a new high of $9.12 1/2 overnight before collapsing Thursday. By the time the [...]

I had a question come in Tuesday afternoon following my Twitter post about the yield on the 10-year T-Note dropping below 1% for the first time in history. A friend wanted to know how one might go about hedging in [...]

For those of you keeping an eye on the euro, like so many other markets it has been wild of last. As this continuous daily close-only chart for the nearby futures contract shows the euro confirmed a minor (short term) [...]

I'm sure you've heard by now, but all the talk of the Federal Reserve supposedly set to cut the Fed Fund rate threw a lifeline to U.S. stock markets Monday. As of this writing the DJIA was up about 700 [...]

The fact the Brazilian real closed lower for the month of February shouldn't surprise anyone. Recent history shows the real fell from a high monthly close of 0.6423 (July 2013) to a low of 0.24902 (January 2016). After a modest [...]

As I continue on with my monthly analysis of global currencies, next up is the Canadian dollar. I have a lot of friends on the northern side of the U.S./Canada border, and whenever I have the privilege of speaking in [...]

Similar to the monthly U.S. dollar index chart I just posted, as we head into March I'm reducing the noise by looking at the monthly close-only chart for the euro as well. As the title suggest, despite all that happened [...]

Those of you who are tracking my monthly analysis of the various global currencies will notice something different about this look at the month chart for the spot U.S. dollar index (USDX). To reduce the noise created by wild swings [...]

This continuous monthly chart for WTI crude oil is sobering, to say the least, for we see a clear major (long-term) technical breakdown in one of the three Kings of Commodities (along with corn and gold). The February low, so [...]

This past weekend, there were a number of charts I considered posting with Weekly Analysis of Livestock and Dairy. And while I went with March feeders, one that I've been keeping a close eye on as well is April live [...]

Much of what I write about this week will have to do with what the various cmdty National Price Indexes (weighted national averages) are telling us about real U.S. ending stocks-to-use (bottom line supply and demand). I'm going to get [...]

Monday was an interesting day for the May cotton weekly chart. After posting a bearish down, between last week's low of 68.42 and Monday's high of 68.30, the contract fell the limit 3.00 down to a low of 66.00. This [...]

Today, Friday, February 21, the first Spring Training games of the 2020 Major League baseball season will be played. On the schedule, at 2pm (CST), my Kansas City Royals will take the field for the first time. Yes, it is [...]

As I was writing up a different piece this fine, February morning I mentioned how weak the Brazilian real was. This reminded me to check just how low it was to start the day, when I saw it had just [...]

Wednesday saw the August feeder cattle contract extend its minor (short term) uptrend to a high of $140.95, almost an exact test of its next price target of $140.975. The latter marks the 50% retracement level of the previous downtrend [...]

Some of you may have seen this natural gas weekly chart when I posted it on Twitter (@NewsomAnalysis) Monday. I pointed out how this week's open left a bullish price gap, setting the stage for what could be a secondary [...]

This is a reminder to my friends out there, not to be biased but mostly the gentlemen, who may have forgotten today (Friday, February 14) is St. Valentine's Day. And if you want to avoid a massacre by your significant [...]

Yes, October is the time of ghosts and goblins, when days start to get short and the air a bit colder as we pass the midpoint of Autumn and Winter's chill and cold can be seen on the horizon. But [...]

As I mentioned in Afternoon Commentary, the March soybean contract has closed higher the last 8 sessions, a span covering the month of February. It's interesting to note this also coincides with how long China is past its Lunar New [...]