March Corn Daily Revisited
My young friend from Greece asked yesterday if March corn was a short-term sell. From a technical point of view the answer is yes, though that statement contains the usually [...]
My young friend from Greece asked yesterday if March corn was a short-term sell. From a technical point of view the answer is yes, though that statement contains the usually [...]
As mentioned in Wednesday's Morning Commentary, March soybeans completed a bearish spike reversal on its daily chart Tuesday. This coincided with yet another bearish crossover by daily stochastics above the [...]
As we approach midday Tuesday, corn contracts have slipped back into the red. Technically, this opens the door to a number of possibilities: Minor bearish spike reversals could be completed [...]
While we have yet to reach the midpoint of the month, the long-term monthly chart for the S&P 500 Index is growing more interesting. Recall from the end of December [...]
During our discussion on this morning's Ag Issues program on WIBW Radio, my longtime friend and host of the program Greg Akagi asked me if the Cargill news sparked the [...]
As I've noted in Weekly Analysis: Corn (Futures) the past number of weeks (months?), sales of some leftover 2024 corn bushels could be made when the secondary (intermediate-term) trend for [...]
As I mentioned in Morning Commentary, the March-May futures spread has seen its carry strengthen of late indicating increased pressure coming from commercial traders. At Monday's close the spread was [...]
The March soybean futures contract has posted an impressive short-term rally, hitting a new high for the move of $9.9825 overnight before backing off a bit through early Friday morning. [...]
While the rest of the world was making merry the past couple days, the Brazilian real was getting buried as it fell to a new all-time low versus the US [...]
I know the end of December is fast approaching, meaning I'll be updating all my long-term Monthly Analysis, but this monthly chart for the live cattle cash index (LEY00) caught [...]
Last Friday, on a drive to Kansas City for a family get-together, my friend Ernest Hoffman from Kitco News called. Usually, our conversations are part of Kitco's weekly gold poll [...]
The conversation with my friend from central Nebraska yesterday covered a lot of ground, with one of the topics being John Deere. My friend has been a farmer for many [...]
A look at the Fed fund futures forward curve[i] shows us there is a great deal of uncertainty as well. Heading into Wednesday the spot December futures contract was priced [...]
Recently, somewhere, I quoted the old saying made popular by those who have no use for technical analysis, "Every ship on the bottom of the ocean was captained by someone [...]
As mentioned in Monday's Morning Commentary, there isn't much to get excited about in the Soybean market these days. A look at the weekly chart for March soybeans shows a [...]
A friend called Thursday afternoon asking if yesterday's activity in Live Cattle was similar to what I've talked about the last couple days with March Corn. Recall the latter completed [...]
For today's Chart of the Day, I want to take a quick follow-up look at the daily chart for March Corn. Recall from Wednesday when I talked about the different [...]
I had a question come in about March corn's daily chart following Tuesday's close. My young friend from Greece was interested in my thoughts on the technical view after March [...]
With all the commercial buying that continues to be seen in other Brazil-dominated commodity markets, it's interesting, and possibly telling, that the May-July soybean futures spread continues to show a [...]
As mentioned in Monday's Morning Commentary, March coffee has been percolating of late. Overnight through the early morning hours saw the contract hit a high of $3.3350 (per pound), moving [...]
This morning I had the opportunity to be a guest on the WIBW Radio (Topeka, Kansas) Ag Issues program, visiting with my friend Greg Akagi. Eventually, our discussion turned to [...]
It has been a tough week for OJ. Not only has one of the deceased killer's bodyguards come forward claiming to have a "recording of OJ Simpson confessing to the [...]
The coffee futures market has cooled off this week. A look at the daily chart for the March contract shows a high of $3.3545 (per pound) from last Friday before [...]
The Commitments of Traders report showed noncommercial traders held a net-long futures position of 81,239 contracts, an increase of 9.257 contracts as of Tuesday, November 26. This included an increase [...]
As mentioned in Monday's Afternoon Commentary, the March-May corn futures spread closed beyond its previous series of highs at 6.75 cents carry, finishing the day at 6.5 cents. From a [...]