Monthly Analysis: Corn

2023-09-04T12:10:53-05:00September 4th, 2023|Monthly|

Corn Cash Index: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use provides the clearest picture of a major (long-term) trend for the market in general. The index continues to follow a similar path [...]

Monthly Analysis: Corn

2023-08-01T11:58:51-05:00August 1st, 2023|Monthly|

Sticking with last month's Analysis: The monthly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to follow a similar path to what was laid out between the 2010-2011 to 2013-2014 marketing years, with [...]

Monthly Analysis: Wheat

2023-08-01T11:16:39-05:00August 1st, 2023|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) continued to consolidate during July after posting a bullish outside range during May. The index remains oversold with stochastics establishing a bullish crossover at the end of [...]

Monthly Analysis: Corn

2023-07-01T14:15:35-05:00July 1st, 2023|Monthly|

Changing it up a bit: The mostly close-only chart of the cash index I track for basis and monthly available stocks-to-use continues to follow a similar path to what was laid out between the 2010-2011 to 2013-2014 marketing years. This [...]

Monthly Analysis: Wheat

2023-07-01T13:32:22-05:00July 1st, 2023|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) consolidated during June after posting a bullish outside range during May. The index remains oversold with stochastics establishing a bullish crossover at the end of June. Theoretical [...]

Monthly Analysis: Corn

2023-05-31T18:18:33-05:00June 1st, 2023|Monthly|

The Barchart National Corn Price Index (NCPI, weighted national average cash price) extended its major (long-term) 3-wave downtrend to a low of $5.7818 during May before closing at $6.2820, up 10.37 cents for the month. Technically, this completed a bullish [...]

Monthly Analysis: Wheat

2023-05-31T17:21:06-05:00June 1st, 2023|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) continues to go back and forth monthly. However, the index did post a bullish outside range during May before closing higher for the month, indicating the major [...]

Monthly Analysis: Corn

2023-04-30T09:59:24-05:00May 1st, 2023|Monthly|

The Barchart National Corn Price Index (NCPI, weighted national average cash price) extended its major (long-term) 3-wave downtrend to a low of $6.0483 during April. This was a test of support at $6.0174, the 38.2% retracement level of the previous [...]

Monthly Analysis: Corn

2023-04-02T14:31:20-05:00April 2nd, 2023|Monthly|

The Barchart National Corn Price Index (NCPI, weighted national average cash price) became more complicated during March as it posted a bearish spike reversal. The chart is thrown off by the spike rally registered during January, a move that didn't [...]

Monthly Analysis: Wheat

2023-04-02T14:10:14-05:00April 2nd, 2023|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) completed its major (long-term) 3-wave downtrend and rolled into a 5-wave uptrend during March. This was done as the HWPI completed a bullish spike reversal that took [...]

Monthly Analysis: Corn

2023-03-01T09:35:46-06:00March 1st, 2023|Monthly|

The Barchart National Corn Price Index (NCPI, weighted national average cash price) remains in a major (long-term) 3-wave downtrend that began with a bearish 2-month reversal during April and May 2022 (red arrow on chart). The next downside target for [...]

Monthly Analysis: Corn

2023-02-01T12:21:22-06:00February 1st, 2023|Monthly|

The Barchart National Corn Price Index (NCPI, weighted national average cash price) remains in a major (long-term) 3-wave downtrend that began with a bearish 2-month reversal during April and May 2022 (red arrow on chart). The next downside target for [...]

Monthly Analysis: Wheat

2023-01-03T07:58:35-06:00January 2nd, 2023|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) remains in a major (long-term) 3-wave downtrend. Wave C (third wave) is expected to take out the Wave A (first wave) low of $7.6159 from August. The [...]

Monthly Analysis: Wheat

2022-12-03T06:30:08-06:00December 3rd, 2022|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) remains in a major (long-term) 3-wave downtrend. Wave C (third wave) is expected to take out the Wave A (first wave) low of $7.6159 from August. The [...]

Monthly Analysis: Wheat

2022-10-02T09:22:55-05:00October 2nd, 2022|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) remains in a major (long-term) downtrend. However, the HWPI extended its rally off the August low near $7.62, a mark that was part of a bullish spike [...]

Monthly Analysis: Wheat

2022-09-01T13:41:01-05:00September 1st, 2022|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $7.6159 during August before rallying to close at $8.6516. This was 40.58 cents higher for the month. If [...]

Monthly Analysis: Wheat

2022-07-31T10:28:57-05:00July 31st, 2022|Monthly|

The Barchart National HRW Wheat Price Index (HWPI, weighted national average cash price) extended its major (long-term) downtrend to a low of $7.6343 during July, a sharp sell off for the month but holding above the target of $7.1520. This [...]