Soybean Meal Weekly
I had a question come in asking if soybean meal was a buy. That is a more difficult question than it first appears. The December contract has more open interest [...]
I had a question come in asking if soybean meal was a buy. That is a more difficult question than it first appears. The December contract has more open interest [...]
Early Monday morning has seen the Dec24 futures contract take out its June low of $4.12, posting a mark of $4.11. This opens the door to some interesting technical possibilities: [...]
As we made our way through the early part of this US holiday disjointed week, I've mentioned a number of times how this Friday will be a key day for [...]
I've had some questions come in regarding the Dec24-Mar25 corn futures spread. As mentioned in Morning Commentary, the July 4 holiday weekend was historically a seasonal turning point for December [...]
I had a question come in about the minor (short-term) trend for August Live Cattle. My friend wanted to know if the contract was a sell, from more of a [...]
The Dec-Dec corn future spread has long been a favorite of commodity traders. Along the way over the last number of decades, I've been asked what the commercial side can [...]
It promises to be an interesting day for new-crop December corn. Dec24 closed Thursday at $4.3375 Given the market has a daily limit of 30.0 cents, Friday's maximum range is [...]
It has been an interesting month for June live cattle. Wednesday saw the contract post a new all-time high for the nearby futures contract at $193.20. The previous mark was [...]
As mentioned in Morning Commentary, Dec24 cotton extended its minor (short-term) and secondary (intermediate-term) uptrends to a high of 75.36 overnight. This is just short of the initial secondary upside [...]
As we near the end of the first month of summer, the commercial view of new-crop corn supply and demand is becoming a hot topic. We knew coming into this [...]
As mentioned in Monday's Afternoon Commentary, Dec24 corn is in position to complete a bullish spike reversal on its weekly chart. But there is a long way to go until [...]
As you'll recall, I've been tracking the similar price patterns between Dec24 and Dec14 contracts for quite some time. I'll say this once again: I do not believe in analogous [...]
As mentioned in Tuesday's Afternoon Commentary, August gold was in position to close higher today after finishing lower Monday. If so, the August issue would solidify its chance of a [...]
I took a look at this weekly chart for August lean hogs over the weekend, but didn't know how best to describe it. The contract closed last Friday at $90.45, [...]
Thursday' rally by Dec24 corn was impressive as the contract hit a high of $4.7650 before closing at $4.76, up 7.25 cents for the day. Overnight through early Friday morning [...]
As mentioned in this past weekend's Weekly Analysis, the Dec24 short-dated July 480 calls and 460 puts could've been bought back so far this week for roughly 3 cents and [...]
As a follow-up to Monday's look at the US dollar index daily chart, Tuesday brings the daily chart for the Euro. This week's chaos in European politics has sparked renewed [...]
As mentioned in Morning Commentary, I usually don't spend much time looking at daily charts for long-term investment markets (e.g. currencies, stock indexes, Treasury futures). Additionally, I spend less time [...]
As I mentioned in today's Seasonal Analysis look at the US Boxed Beef markets, the Fed fund futures forward curve is telling us next week's Federal Open Market Committee meeting [...]
It looks like Dec24 corn is finally in position to complete a bullish reversal pattern on its daily chart, a move that would confirm the minor (short-term) uptrend signaled by [...]
As mentioned in Wednesday's Afternoon Commentary, the Nov-January soybean futures spread extended the downtrend on its daily close-only chart to a new low of 14.5 cents carry. While this indicates [...]
Despite Dec24 closing 0.75 lower for the day, it remains in position for a possible move to a short-term uptrend on its daily chart Wednesday. Dec posted a new low, [...]
A couple interesting things happened to the Dec24 corn futures contract, technically speaking, during Monday's session: First, Dec24 posted a low of $4.6075, holding its next round number of $4.60, [...]
Let me begin by reiterating the fact I do not believe in analogous years. Chaos Theory tells us that a change in one factor, fundamental or fund, changes the outcome. [...]
Friday promises to be quite a day given it marks the end of the week, the month, the quarter (Q3 for corn), and meteorological spring. Today is the type of [...]