Weekly Analysis: Wheat

2023-03-19T12:48:25-05:00March 19th, 2023|Weekly Analysis, Wheat|

Kansas City (HRW): July Kansas City wheat’s minor (short-term) trend on the contract’s daily chart remains up. The minor upside target range is between $8.29 and $8.44. Theoretical Positions: Theoretically, long-term short hedges may have been established near the weekly close [...]

Weekly Analysis: Corn

2023-02-26T17:33:17-06:00February 26th, 2023|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) is in a secondary (intermediate-term) sideways-to-down trend after falling to a new 4-week low last week. Theoretical Positions: Merchandisers could continue to cover on an as [...]

Weekly Analysis: Wheat

2023-02-26T17:13:57-06:00February 26th, 2023|Weekly Analysis, Wheat|

Kansas City (HRW): Despite last week's selloff the new-crop July contract remains in a secondary (intermediate-term) uptrend on its weekly chart. The ongoing minor (short-term) downtrend looks to be a down wave within the secondary pattern. Theoretical Positions: Theoretically, long-term short [...]

Weekly Analysis: Corn

2023-02-20T13:20:02-06:00February 20th, 2023|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) remains in a secondary (intermediate-term) sideways trend with resistance at the high near $6.92 and support at the 4-week low of $6.64. Theoretical Positions: Merchandisers could [...]

Weekly Analysis: Wheat

2023-01-29T14:54:47-06:00January 29th, 2023|Weekly Analysis, Wheat|

Kansas City (HRW): The new-crop July contract extended its secondary (intermediate-term) uptrend to a high of $8.5550 last week. Next resistance could be the previous high of $8.8025. Theoretical Positions: Theoretically, long-term short hedges may have been established near the weekly [...]

Weekly Analysis: Corn

2022-12-31T13:43:38-06:00December 31st, 2022|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) remains in a secondary (intermediate-term) sideways trend. Long-term support is at the September low of $6.3708. Theoretical Positions: Long-term short cash corn. Merchandisers could continue to [...]

Weekly Analysis: Corn

2022-12-19T10:42:31-06:00December 19th, 2022|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) is showing a secondary (intermediate-term) sideways trend. Long-term support is at the September low of $6.3708 with last Friday’s calculation coming in at $6.62.38. Theoretical Positions: [...]

Weekly Analysis: Corn

2022-12-11T16:37:59-06:00December 11th, 2022|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) is showing a secondary (intermediate-term) sideways trend. Long-term support is at the September low of $6.3708 with last Friday’s calculation coming in at $6.4937. Theoretical Positions: [...]

Weekly Analysis: Corn

2022-12-04T18:06:11-06:00December 4th, 2022|Grain, Weekly Analysis|

Cash Corn: The Barchart National Corn Price Index (NCPI, weighted national average cash price) is showing a secondary (intermediate-term) sideways trend. Initial support is at the previous 4-week low of $6.5053 with last Friday's calculation coming in at $6.5223. Theoretical [...]