Monthly Analysis: Soybeans
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 [...]
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) completed another bullish spike reversal during March, again indicating the major (long-term) trend had turned up. The index extended this [...]
Live Cattle (continuous, nearby futures) extended its major (long-term) downtrend during April with the nearby futures contract hitting a low of $174.20. The initial downside target is near $148.70, the [...]
Brent crude (QA) remains in a major (long-term) uptrend. The spot-month contract moved to a new 4-month high of $92.18 during April before faltering late in the month, closing at [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,427.00 before closing April at $2,286.07. The market remains sharply overbought, a factor that [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend, despite the sharp selloff seen during April. The S&P came up just short of completing a bearish key reversal with [...]
The US dollar index ($DXY): The $DXY remains in a major (long-term) 5-wave uptrend. The December low of 100.62 looks to be the bottom of Wave 2 (of a 5-wave [...]
The US dollar index ($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) posted an inside month during March, opening the door to a possible end of the previous major [...]
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) completed another bullish spike reversal during March, again indicating the major (long-term) trend has turned up. Initial resistance is at [...]
Live Cattle (continuous, nearby futures) look to have rolled into a major (long-term) downtrend at the end of March. The nearby April futures contract posted a high of $190.275 before [...]
Brent crude (QA) remains in a major (long-term) uptrend with the December low looking to be a Wave 2 trough of the 5-wave pattern. The spot-month contract posted a December [...]
Gold (Cash Index): The cash index (GCY00) extended its major (long-term) uptrend to a high of $2,232.75 before closing March at that mark. The market is sharply overbought, but this [...]
The S&P 500 ($INX) extended its major (long-term) uptrend to a high of 5,264.85 before closing March at 4,254.35, up 158.08 for the month. Theoretical Positions: Long from the October 2022 [...]
Corn Cash Index: The National Corn Price Index (NCI, national average cash price) extended its major (long-term) downtrend to a low of $3.8031 during February before closing at $3.9971, down [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) extended its major (long-term) downtrend to a low of $10.7812 during February before closing the month at $10.8015. [...]
The HRW Wheat Price Index (IHY00, national average cash price) fell to a new low of $5.1286 during February, erasing the bullish spike reversal from November 2023 that included a [...]
Live Cattle (Cash Index): The live cattle cash index remains in a major (long-term) downtrend despite the strong rally during February. We need to keep a close eye on the [...]
Brent crude (QA) remains in a major (long-term) uptrend with the December low looking to be a Wave 2 trough of the 5-wave pattern. The spot-month contract posted a December [...]
Gold (Cash Index): The cash index (GCY00) consolidated during February, staying within the December 2023 range from $2,122.65 to $1,973.95. It could still be argued the major (long-term) is set to [...]
The S&P 500 ($INX) remains in a major (long-term) uptrend, posting a new all-time high of 5,111.06 during February before closing at 5,096.27, up 250.62 for the month. Seasonally, the [...]
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) extended its major (long-term) downtrend to a low of $4.1805 during January before closing at $4.2675, down [...]
Soybean Cash Index: The Soybean Price Index (ISY00, national average cash price) is a mess. The ISY00 left a price gap on its monthly chart between the December low of [...]