September 2026 Newsletter
August was a busy month for the Newsom Capital Corn Fund. This fund is based on a couple different tools: December corn futures only and Exchanged Traded Funds (ETFs), the [...]
August was a busy month for the Newsom Capital Corn Fund. This fund is based on a couple different tools: December corn futures only and Exchanged Traded Funds (ETFs), the [...]
What stood out to me at the end of August? Both Grains and Softs, two sectors filled with weather derivative markets, continued to show long-term uptrends. Despite continued volatility, Energies [...]
December Corn: The Dec26 contract extended the major (long-term) uptrend to a high of $5.42 during August before closing at $5.3775, down 73.75 cents (15.9%) for the month. Dec26 took [...]
Live Cattle (Nearby futures): The market extended its major (long-term) downtrend to a low of $205.125 before the October issue closed August at $212.675, down $14.575 (6.4%)for the month. The [...]
Cotton (CTY00, Cash Index): The Index extended its major (long-term) uptrend to a high of 87.95 during August before closing at that price, up 11.2 cents (14.6%) for the month. Theoretical [...]
Brent crude (QA): Theoretical Positions: It’s possible investors went long the market during January or February on bullish technical breakouts. The market completed another bullish outside range during July before [...]
Gold (Cash Index): Despite the rally in cash gold during August, the Index remains in a major (long-term) downtrend that began with a bearish outside monthly range during March. The [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 7,816.70 during August before closing at 7,686.14, up 196.42 (2.6%) for the month. Theoretical Positions: Investors likely [...]
The US dollar index ($DXY): Despite posting another lower monthly close at the end of August, the US dollar index still looks to be in a major (long-term) uptrend that [...]
I’ve created a Summary Table of long-term investment Theoretical Positions based on Monthly Analysis. Let me know what you think.
December Corn: The corn market is filled with a number of conflicting signals. Fundamentally the market remained neutral at the end of July (see Supply and Demand Commentary). As for [...]
Live Cattle (Nearby futures): The market extended its major (long-term) downtrend to a low of $221.70 before the August issue closed July at $231.75, down $10.675 for the month. The [...]
Cotton (CTY00, Cash Index): The Index completed a bullish key reversal during February meaning the major (long-term) trend turned up. However, the Index also completed a bearish spike reversal during [...]
I’ve said for many months (years?) the commodity complex has become easily manipulated by US White House announcements and not necessarily the Truth Social media posts. These lead to manufactured [...]
Gold (Cash Index): The cash Gold Index consolidated during July, closing at $4,044.76, up $37.17 (0.9%) for the month. The Index confirmed a major (long-term) downtrend with a bearish outside [...]
The S&P 500 ($INX) consolidated during July after completing a bearish spike reversal during June, the latter confirming a move to a major downtrend. The S&P closed July at 7,489.72, [...]
The US dollar index ($DXY): Despite posting a lower monthly close at the end of July, down 1.28, the US dollar index still looks to be in a major (long-term) [...]
December Corn: December futures completed bullish spike reversals during August 2024 and 2025. The Dec26 contract extended the major (long-term) uptrend to a high of $$5.0650 during May before closing [...]
Cotton (CTY00, Cash Index): The Index completed a bullish key reversal during February meaning the major (long-term) trend had turned up. The Index extended its major uptrend to a high [...]
Live Cattle (Nearby futures): I'll still call the market in a major (long-term) downtrend based on the bearish key reversal during May. Theoretical Positions: Investors long the market (futures, ETFs, [...]
I’ve said for many months (years?) the commodity complex has become easily manipulated by US White House announcements and not necessarily the Truth Social media posts. These lead to manufactured [...]
Gold (Cash Index): Gold’s Cash Index extended its major (long-term) downtrend to a low of $3,945.52 before settling June at $4,007.59, down $532.74 (11.7%) for the month. The Index confirmed [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 7,620.90 before settling June at 7,499.36, down 1.1% for the month. This completed a bearish spike reversal [...]
The US dollar index ($DXY) extended its major (long-term) uptrend during June, hitting a high of 101.80, up 2.29 (2.3%) for the month. This was an initial test of the [...]
I’ve created a Summary Table of long-term investment Theoretical Positions based on Monthly Analysis. Let me know what you think. The bottom line is the commodity complex in general looks [...]