Monthly Analysis: Corn
Corn Cash Index: The National Corn Index (NCI, national average cash price) extended its major (long-term) downtrend to a low of $3.7459 during July before closing the month at that [...]
Corn Cash Index: The National Corn Index (NCI, national average cash price) extended its major (long-term) downtrend to a low of $3.7459 during July before closing the month at that [...]
Soybean Cash Index: The National Soybean Index (ISY00, national average cash price) fell to a new low of $10.0001 during July before closing at $10.0007, down 93.16 cents for the [...]
The HRW Wheat Price Index (IHY00, national average cash price) moved back into a major (long-term) downtrend during July. The index took out its previous low of $5.0960 (March 2024) [...]
Live Cattle (Cash Index): The live cattle cash index may be moving toward a major (long-term) downtrend after posting what looks to be a double-top during July. The index hit [...]
Brent crude (QA) is in a major (long-term) sideways trend. I’ve changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,481.63 during July before closing at $2,447.08, up $120.57 for the month. Monthly stochastics remain [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,669.67 during July before closing at 5,522.30. Theoretical Positions: Long from the October 2022 close of 3,871.98. [...]
The US dollar index ($DXY): The $DXY looks to be in a major (long-term) sideways trend. The DXY has been unable to extend its previous uptrend, posting alternating higher and [...]
Corn Cash Index: The National Corn Index (NCI, national average cash price) remains in a major (long-term) downtrend, with the renewed selloff looking to be Wave 8 (last wave of [...]
Soybean Cash Index: The National Soybean Index (ISY00, national average cash price) could still be considered in an uptrend, though we have to be careful given the selloff seen during [...]
The HRW Wheat Price Index (IHY00, national average cash price) still looks to be in a major (long-term) uptrend based on a bullish spike reversal during March 2024. The key [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend. I'm sticking with this due to the cash index holding at $189 through the June [...]
Brent crude (QA) is in a major (long-term) sideways trend. I’ve changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) still looks to be in a major (long-term) uptrend, though the index consolidated below the May high of $2,449.34 during June. Monthly stochastics [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,523.64 during June before closing at 5,460.48. Theoretical Positions: Long from the October 2022 close of 3,871.98. [...]
The US dollar index ($DXY): The $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the bottom of Wave 2 (of a 5-wave [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) is giving mixed signals at the end of May. The NCI took out the previous 4-month high [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) looks to have completed a possible bullish 2-month reversal during March. If so, then the major (long-term) trend [...]
The HRW Wheat Price Index (IHY00, national average cash price) extended its major (long-term) uptrend to a high of $6.7805 during May. If the index sees a seasonal selloff during [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend. However, the monthly chart is giving us mixed signals at the end of May. Much [...]
Brent crude (QA) is in a major (long-term) sideways trend. I've changed my view on Brent (and most of the rest of the Energies sector) based on markets having difficulty [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,449.34 before closing May at $2,377.82. While still a new all-time high monthly settlement, [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,341.88 during May before posting a new all-time high monthly close of 5,277.51. Theoretical Positions: Long from [...]
The consistency in currencies at the end of May was nearly all the long-term charts were showing some form of a sideways pattern. The US dollar index ($DXY): The $DXY [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) still looks to be in a major (long-term) downtrend despite settling higher two consecutive months. Theoretical Positions: [...]