It has been quite a morning in the livestock sector, with both cattle markets sharply higher on renewed commercial buying and lean hogs sharply lower on solid selling from the same group. The move in cattle might be the more [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.20 1/4, down 27 cents for the week. The NSPI extended its secondary (intermediate term) downtrend to a low of $8.20 last week. Next support is the previous secondary [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $4.23, down 21 3/4 cents for the week. The NCPI moved into a secondary (intermediate-term) downtrend last week, posting what looks to be a 2-week bearish reversal. Also, weekly [...]
It's Friday, July 5th, the day after the official July 4th holiday here in the U.S., and 3 days after what John Adams considered the real Independence Day of July 2. The sunrise is hazy due to the still lingering [...]
Cash Soybeans: The cmdty National Soybean Price Index (NSPI) closed at $8.27 3/4, up 8 cents for the week. While the NSPI extended its secondary (intermediate-term) 5-wave uptrend to a new high of $8.41 3/4 last week, its close near [...]
The cmdty National Soybeans Price Index (NSPI, weighted national average cash price) showed a daily average price for the 2018-2019 marketing year, through Friday, May 3, of $7.94 (red dot), down 1 cent from the previous week. Based on correlations [...]
The latest weekly export update showed 2018-2019 marketing year shipments of U.S. cotton at 8.604 million bales (mb) through Thursday, April 18, a point in the marketing year when an average of 65% of what turns out to be total [...]
Overnight Summary: The coffee is going down fast this morning, the drink that is not the futures market (down only a little bit). Though it’s the day after we sprang time forward, it still feels earlier than it is. Grain [...]
Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.12 1/4, down 15 1/2 cents for the week. The SRI extended its secondary (intermediate-term) 3-wave downtrend to a new low of $4.07 1/4 last week before closing [...]
Overnight Summary: Markets were mixed early Wednesday following a back and forth overnight session for most sectors. Grains, oilseeds, and softs were mostly lower Wednesday morning while the U.S. dollar index and DJIA futures were in the green. Metals were [...]
Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.88 3/4, down 10 cents for the week. The SRI looks to have reestablished a secondary (intermediate-term) downtrend as it posted a bearish outside range last week. If [...]
