Cash Corn: The Bull’s Tail
Those of you who have studied my price distribution charts over the years will notice something odd about this one for the cmdty National Corn Price Index (NCPI, weighted national [...]
Those of you who have studied my price distribution charts over the years will notice something odd about this one for the cmdty National Corn Price Index (NCPI, weighted national [...]
Yes my friends, pigs can indeed fly, or in the case of the October (and December) 2021 contract soar like an eagle. Wednesday's close of $87.025 (red column) had October [...]
The July 2022 Chicago (SRW) contract closed at $7.2625 Wednesday, putting it in the upper 16% of the contract's price distribution range based on weekly closes back through the 2012 [...]
The consolidation pattern seen on the weekly close only chart for November soybeans (see the discussion in Seasonal Analysis, "Holding the Bears at Bay") is also evident on the contract's [...]
Last Friday saw the December 2021 contract close at $5.5650, a price that put it in the upper 19% (green column) of its price distribution range based on weekly closes [...]
Like a number of other contracts, new-crop December cotton finds itself in the rarified air deep in the upper-third of its price distribution range. Thursday's close of 90.68 (cents per [...]
As I mentioned in Seasonal Analysis, Wednesday's close by the July 2022 Kansas City (HRW) wheat contract at $6.9625 (red column) put it in the upper 21% of its price [...]
When studying the previous 10-year price distribution for November soybeans, based on weekly closes only, the first this that jumps out at me is the degree of the range. Far [...]
Last Friday's close of $5.4525 by the December 2021 contract (green column) put it in the upper 22% of its price distribution range (based on weekly closes only) dating back [...]
I'll admit, I wasn't looking for live cattle issue to hit new contract highs Wednesday. Despite the recent gains by August versus October, I still see a bearish supply and [...]
One of the first things you'll likely notice about this price distribution chart for December corn is that I've expanded the data from the previous 5 years to the previous [...]
As I mentioned in my latest Weekly Column, "Waiting for Wheat Harvest", the 2021 July Kansas City wheat contract closed last Friday at $6.13, putting it in the upper 41% [...]
As I mentioned in Tuesday morning's seasonal analysis of November soybeans, the 12-month path the 2021 contract is on is comparable to what we saw from 2012 through 2014. Given [...]
New-crop December 2020 corn (solid red column) closed last week at $4.4850, putting it in the upper 2% of its price distribution range based on weekly closes only back through [...]
In my latest Weekly Column, "Mincemeat Pie", I applied Newsom's Market Rules to the live cattle market. This included a brief discussion of Rule #3: Use filters to manage risk. [...]
New-crop December 2021 corn futures popped to a new contract high of $4.7950 early Friday morning, again raising the question of "How high is high". I've had a number of [...]
Last week's close by April Lean Hogs at $87.15 was the second highest weekly close by an April lean hog contract dating back through the 2016 issue, trailing only the [...]
Sometimes when I update a chart or study, I get a bit of a surprise. Such was the case again Wednesday morning as I updated my Price Distribution study for [...]
We may have to give some serious consideration to getting some new-crop corn on the books, based on a number of different factors: The December 2021 contract looks to have [...]
I just got of the phone with a good friend in the cattle industry, a younger gentleman who has the opportunity to visit daily with those who much older who [...]
This price distribution chart for the cmdty National Soybean Price Index (NCPI, weighted national average cash price) is a solid example of what happens when: Global markets are opened up [...]
I wanted to follow up Sunday's look at December corn with an updated Price Distribution post for November soybeans. Again, this being Groundhog Week, the spotlight is bright on these [...]
I had a request come in for an updated look at new-crop Price Distribution studies for corn and soybeans. Starting with December Corn, we see last Friday's close of $4.4525 [...]
November 2021 soybeans posted a new contract high of $10.7075 early Wednesday morning, a day after registering a new high daily close of $10.65 Tuesday. I've had a few conversations [...]
I had a question come in over the weekend regarding the new-crop July 2021 Kansas City (HRW) wheat contract. Given the Chart of the Day discussion from Wednesday, December 2 [...]