Weekly Analysis: Corn

2021-02-15T17:24:47-06:00February 15th, 2021|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.1782, down 9.15 cents Secondary Trend: Down Basis: Neutral. Calculated at 20.9 cents under March futures Analysis: The NCPI posted a bearish key reversal on its weekly chart, a pattern indicating [...]

Weekly Analysis: Wheat

2021-02-15T14:23:41-06:00February 15th, 2021|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.8491, down 8.29 cents Basis: Bullish. Calculated at 31.8 cents under March Kansas City futures Secondary Trend: Sideways-to-down Analysis: The HWPI continues to look vulnerable to a move into [...]

Weekly Analysis: Corn

2021-02-07T16:18:16-06:00February 7th, 2021|Grain, Weekly Analysis|

Corn (Cash, Old-Crop Futures, New-Crop Futures) Secondary (Intermediate-term) Trend: Up Noncommercial Futures Position (as of Tuesday, February 2): Net-long 528,514 contracts, a decrease of 19,163 contracts from the previous week. Basis: Neutral. Calculated at 21.5 cents under March futures as [...]

Weekly Analysis: Soybeans

2021-02-07T16:01:05-06:00February 7th, 2021|Oilseeds, Weekly Analysis|

Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Secondary (Intermediate-term) Trend: Sideways Noncommercial Futures Position (as of Tuesday, February 2): Net-long 242,222 contracts, an increase of 5,789 contracts from the previous week. Basis: Bullish. Calculated at 43.0 cents under March futures as [...]

Weekly Analysis: Wheat

2021-02-07T15:46:24-06:00February 7th, 2021|Weekly Analysis, Wheat|

Wheat (HRW, SRW, and HRS): Secondary (Intermediate-term) Trend: Sideways Noncommercial Futures Position (as of Tuesday, February 2): All wheat net-long 102,963 contracts, a decrease of 7,768 contracts from the previous week. Basis: HRW Bullish, HRS and SRW Neutral. Futures Spreads: [...]

Weekly Analysis: Livestock

2021-02-07T15:27:31-06:00February 7th, 2021|Livestock and Dairy, Weekly Analysis|

Live Cattle April 2021 Weekly Close: $123.775, up $1.925 Secondary Trend: Up Noncommercial Position (as of Tuesday, February 2): Net-long 79,195 contracts, up 4,765 contracts April-June Futures Spread: Bearish. $3.80, down $0.425 for the week. Analysis: Despite continued bearish underlying [...]

Weekly Analysis: Softs

2021-02-07T14:45:38-06:00February 7th, 2021|Softs, Weekly Analysis|

Cotton  (Old-Crop Futures, New-Crop Futures): Minor (short-term) Trend: Sideways Secondary (intermediate-term) Trend: Up Noncommercial Futures Position (as of 02/02/21): Net-long 73,905, a decrease of 4,321 contracts from the previous week. Futures Spreads: Bearish. The March-May spread closed at a carry [...]

Weekly Analysis: Energies

2021-02-07T14:23:19-06:00February 7th, 2021|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $56.85, up $4.65. Secondary Trend: Up. Spot Spread: $0.15 (inverse) = Bullish. Market Type: 9 = Most Bullish. Price Distribution: Lower 44%. Target: None at this time. Analysis: Crude oil is in a similar position [...]

Weekly Analysis: Wheat

2021-01-24T15:26:16-06:00January 24th, 2021|Weekly Analysis, Wheat|

Wheat (HRW, SRW, and HRS): Minor (Short-term) Trend: Down (as of Tuesday, January 22) Secondary (Intermediate-term) Trend: Sideways (as of Friday, January 22) Major (Long-term) Trend: Up Noncommercial Futures Position (as of 01/19/21): All wheat net-long 117,535 contracts, an increase [...]

Weekly Analysis: Soybeans

2021-01-24T14:41:25-06:00January 24th, 2021|Oilseeds, Weekly Analysis|

Soybeans (Cash, Old-Crop Futures, New-Crop Futures): Minor (Short-term) Trend: Down (as of Tuesday, January 19) Secondary (Intermediate-term) Trend: Down (as of Friday, January 22) Major (Long-term) Trend: Up* Noncommercial Futures Position (as of 01/19/21): Net-long 22,687 contracts, a decrease of [...]

Weekly Analysis: Corn

2021-01-24T14:01:27-06:00January 24th, 2021|Grain, Weekly Analysis|

Corn (Cash, Old-Crop Futures, New-Crop Futures): Minor (Short-term) Trend: Down (as of Tuesday, January 19) Secondary (Intermediate-term) Trend: Down (as of Friday, January 22) Major (Long-term) Trend: Up* Noncommercial Futures Position (as of 01/19/21): Net-long 528,651 contracts, a decrease of [...]

Weekly Analysis: Corn

2021-01-18T10:39:58-06:00January 18th, 2021|Grain, Weekly Analysis|

Corn (Cash, Old-Crop Futures, New-Crop Futures): Secondary Trend: Up Major Trend: Up Noncommercial Futures Position (as of 01/12/21): Net-long 542,123 contracts, an increase of 21,026 contracts from the previous week. Basis: Bullish but weakening. Calculated at 22.0 cents under March [...]

Weekly Analysis: Corn

2021-01-10T11:08:36-06:00January 10th, 2021|Grain, Weekly Analysis|

Corn (Cash, Old-Crop Futures, New-Crop Futures): Secondary Trend: Up Major Trend: Up Noncommercial Futures Position (as of 01/05/21): Net-long 521,097, an increase of 10,549 contracts from the previous week. Basis: Bullish but weakening. Calculated at 17.8 cents under March futures, [...]

Weekly Analysis: Softs

2020-12-20T15:29:25-06:00December 20th, 2020|Softs, Weekly Analysis|

Old-Crop Cotton Futures: March 2021 Weekly Close: 77.16, up 3.08 cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 15): 81,341 contracts net-long, up 13,381 contracts March-May Futures Spread: 0.67 cent carry, Neutral Analysis: The March contract extended its [...]

Weekly Analysis: Wheat

2020-12-20T14:49:08-06:00December 20th, 2020|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.3436, down 12.44 cents Basis: Bullish. Calculated at 34.9 cents under March Kansas City futures Secondary Trend: Sideways Analysis: It’s possible the HWPI has established a double-top given the [...]

Weekly Analysis: Corn

2020-12-20T13:12:17-06:00December 20th, 2020|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $4.1953, up 15.78 cents Secondary Trend: Up Basis: Bullish. Calculated at 18.0 cents under March futures Analysis: The NCPI extended its secondary uptrend to the highest weekly close since the week [...]

Weekly Analysis: Livestock and Dairy

2020-12-13T16:56:41-06:00December 13th, 2020|Livestock and Dairy, Weekly Analysis|

Live Cattle February 2021 Weekly Close: $113.25, up $0.85 Secondary Trend: Sideways Noncommercial Position (as of Tuesday, Dec. 8): 49,179 contracts net-long, up 2,272 contracts Feb-April Futures Spread: (-$4.125), Bearish Price Distribution: Lower 21%. Upper-third starts at $125.05. Analysis: The [...]

Weekly Analysis: Softs

2020-12-13T15:49:20-06:00December 13th, 2020|Softs, Weekly Analysis|

Old-Crop Cotton Futures: March 2021 Weekly Close: 74.08, up 2.51cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 8): 67,960 contracts net-long, down 2,839 contracts March-May Futures Spread: 0.81 cent carry, neutral-to-bearish Analysis: The March contract extended its uptrend [...]

Weekly Analysis: Wheat

2020-12-13T14:21:22-06:00December 13th, 2020|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.4775, up 38.5 cents Basis: Bullish. Calculated at 34.5 cents under March Kansas City futures Secondary Trend: Up Analysis: The HWPI posted its highest weekly close since the week [...]

Weekly Analysis: Soybeans and Canola

2020-12-13T12:53:25-06:00December 13th, 2020|Oilseeds, Weekly Analysis|

Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $11.1475, down 2.00 cents Basis: Bullish. Calculated at 45.7 cents under January futures Secondary Trend: Sideways Analysis: The NSPI weekly close-only chart looks to be nearing a bearish turn, with last [...]

Weekly Analysis: Corn

2020-12-13T11:52:37-06:00December 13th, 2020|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $4.0375, up 3.75 cents Secondary Trend: Sideways Basis: Bullish. Calculated at 19.7 cents under March futures Analysis: The NCPI weekly close-only chart shows resistance at the recent high of $4.11 and [...]

Weekly Analysis: Livestock and Dairy

2020-11-15T16:24:02-06:00November 15th, 2020|Livestock and Dairy, Weekly Analysis|

Live Cattle December 2020 Weekly Close: $109.925, up $1.275. Secondary Trend: Sideways. Dec-Feb Spread: (-$2.30) = Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Lower 23% = Bullish. Target:None at this time. Analysis: Dec live cattle are in an interesting [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-11-15T15:36:00-06:00November 15th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 68.62, down 0.16. Secondary Trend: Down. Dec-March Spread: 1.94 carry = Bearish. Market Type: 1 = Most Bearish. Price Distribution: Upper 47% = Neutral. Target: 64.04. Analysis: As it nears the end of its run, [...]

Weekly Analysis: Wheat

2020-11-15T14:31:13-06:00November 15th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.18, down $0.05. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 13% = Bearish. Target: None at this time. Analysis:The HWPI remains in a secondary sideways trend [...]

Weekly Analysis: Oilseeds

2020-11-15T13:30:17-06:00November 15th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $10.98, up $0.47. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 1% = Bearish. Target: None at this time. Analysis: The NSPI extended its secondary uptrend to [...]

Weekly Analysis: Corn

2020-11-15T12:57:49-06:00November 15th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.89, up $0.05. Secondary Trend: Sideways. Basis: Bullish (versus Dec futures contract). Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 5% = Bearish. Target: None at this time. Analysis: The NCPI jumped to [...]

Weekly Analysis: Corn

2020-11-08T16:49:54-06:00November 8th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.84, up $0.09. Secondary Trend: Down. Basis: Bullish (versus Dec futures contract). Market Type: 3 = Less Bearish. Price Distribution: Upper 5% = Bearish. Target: $3.51. Analysis: Despite its higher weekly close the [...]

Weekly Analysis: Oilseeds

2020-11-08T16:20:09-06:00November 8th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $10.51, up $0.44. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 2% = Bearish. Target: None at this time. Analysis: The NSPI rallied to a new high [...]

Weekly Analysis: Wheat

2020-11-08T14:08:53-06:00November 8th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.23, up $0.14. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 11% = Bearish. Target: None at this time. Analysis:I’m going to stick with the sideways trend, [...]

Weekly Analysis: Metals and Currencies

2020-11-08T08:16:55-06:00November 8th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,851.70, up $71.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Gold is a difficult market to analyze given the chaos of last week. The Dec contract reversed to a new 4-week high, bullish technically, without [...]

Weekly Analysis: Corn

2020-11-01T17:05:27-06:00November 1st, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.75, down $0.19. Secondary Trend: Down. Basis: Bullish (versus Dec futures contract). Market Type: 3 = Less Bearish. Price Distribution: Upper 8% = Bearish. Target: $3.51. Analysis: The NCPI extended its secondary uptrend [...]

Weekly Analysis: Wheat

2020-11-01T15:34:08-06:00November 1st, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.09, down $0.28. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 15% = Bearish. Target: None at this time. Analysis:I’m going to call the secondary trend sideways [...]

Weekly Analysis: Metals and Currencies

2020-11-01T11:36:42-06:00November 1st, 2020|Metals|

Gold (Dec) Weekly Close: $1,879.90, down $25.30. Secondary Trend: Down. Dec-Feb Spread: (-$7.30) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Dec gold stubbornly held support at its 4-week low of $1,851.10, though last week’s mark of $1,859.20 is now the 4-week low. With weekly stochastics [...]

Weekly Analysis: Corn

2020-10-25T12:37:47-05:00October 25th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.94, up $0.20. Secondary Trend: Up. Basis: Bullish (versus Dec futures contract). Market Type: 9 = Most Bullish. Price Distribution: Upper 3% = Bearish. Target: $4.00. Analysis: The NCPI extended its secondary uptrend [...]

Weekly Analysis: Corn

2020-10-18T15:31:51-05:00October 18th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.75, up $0.09. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Upper 7% = Bearish. Target: $3.80. Analysis: The NCPI extended its secondary uptrend to [...]

Weekly Analysis: Oilseeds

2020-10-18T14:08:08-05:00October 18th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $9.95, down $0.16. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 5% = Bearish. Target: None at this time. Analysis: Though it posted an inside trading range last [...]

Weekly Analysis: Wheat

2020-10-18T13:02:39-05:00October 18th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.25, up $0.23. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 16% = Bearish. Target: Major = $5.66. Analysis: The HWPI extended its secondary uptrend to [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-10-18T12:01:43-05:00October 18th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 69.92, up 2.28. Secondary Trend: Up. Dec-March Spread: 0.64 carry = Bearish. Market Type: 7 = Less Bullish. Price Distribution: Upper 38% = Neutral. Target: 73.00. Analysis: Dec cotton extended its secondary uptrend last week [...]

Weekly Analysis: Energies

2020-10-18T10:14:53-05:00October 18th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $40.88, up $0.28. Secondary Trend: Down. Spot Spread: (-$0.24) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90. Analysis: Despite its higher weekly close the market remains in a secondary downtrend. Initial [...]

Weekly Analysis: Metals and Currencies

2020-10-18T09:54:57-05:00October 18th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,906.40, down $19.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.60) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,784.60. Analysis: Initial secondary support is at the 4-week low of $1,851.00. Weekly stochastics remain bearish above the oversold level of 20%. Theoretical Position: Short positions were [...]

Weekly Analysis: Metals and Currencies

2020-10-11T14:12:43-05:00October 11th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,926.20, up $18.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: Minor = $1,942.00 to $1,970.10. Analysis: Despite another higher weekly close, Dec gold remains in a secondary downtrend. The minor trend is up, a move that could [...]

Weekly Analysis: Energies

2020-10-11T13:50:27-05:00October 11th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $40.60, up $3.55. Secondary Trend: Down. Spot Spread: (-$0.31) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90. Analysis: Despite its higher weekly close the market remains in a secondary downtrend. The [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-10-11T11:42:27-05:00October 11th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 67.64, up 1.82. Secondary Trend: Up. Dec-March Spread: 0.78 carry = Bearish. Market Type: 7 = Less Bullish. Price Distribution: 50% = Neutral. Target: None at this time. Analysis: Dec cotton posted a bullish breakout [...]

Weekly Analysis: Wheat

2020-10-11T10:23:41-05:00October 11th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.02, up $0.24. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 16% = Bearish. Target: Major = $5.66. Analysis: The HWPI left a price gap on [...]

Weekly Analysis: Oilseeds

2020-10-11T09:06:28-05:00October 11th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $10.11, up $0.43. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 3% = Bearish. Target: None at this time. Analysis: The NSPI abruptly reignited its secondary uptrend [...]

Weekly Analysis: Corn

2020-10-11T07:56:33-05:00October 11th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.66, up $0.15. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Upper 13% = Bearish. Target: $3.80. Analysis: The NCPI is overbought on both its [...]

Weekly Analysis: Metals and Currencies

2020-10-04T16:20:48-05:00October 4th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,900.20, up $42.50. Secondary Trend: Down. Dec-Feb Spread: (-$7.10) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70, $1.755.00, and $1682.40. Analysis: Despite its higher weekly close, Dec gold remains in a secondary downtrend. After posting a new 4-week low below $1,843.20 the contract [...]

Weekly Analysis: Wheat

2020-10-04T14:45:22-05:00October 4th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.7772, up $0.3657. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 21% = Bearish. Target: None at this time. Analysis: The HWPI extended its secondary uptrend [...]

Weekly Analysis: Corn

2020-10-04T11:27:01-05:00October 4th, 2020|Grain|

National Corn Price Index (NCPI) Weekly Close: $3.5118, up $0.1594. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Upper 28% = Bearish. Target: $3.59. Analysis: The NCPI posted a bullish outside range [...]

Weekly Analysis: Metals and Currencies

2020-09-27T15:46:57-05:00September 27th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,866.30, down $95.80. Secondary Trend: Down. Dec-Feb Spread: (-$7.20) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70, $1.755.00, and $1682.40. Analysis: Dec gold broke out of its consolidation pattern with a move to a new 4-week low last week. With weekly stochastics still [...]

Weekly Analysis: Energies

2020-09-27T15:21:25-05:00September 27th, 2020|Weekly Analysis|

WTI Crude Oil Weekly Close: $40.25, down $1.07. Secondary Trend: Down. Spot Spread: (-$0.21) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90 to $26.93. Analysis: Crude oil looks set to move into Wave C (third wave) [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-27T13:57:26-05:00September 27th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 65.95, up 0.29. Secondary Trend: Sideways. Dec-March Spread: (-0.71) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 44% = Neutral. Target:None at this time. Analysis: Dec cotton remains in a secondary sideways trend [...]

Weekly Analysis: Corn

2020-09-29T05:37:56-05:00September 27th, 2020|Grain, Weekly Analysis|

Theoretical Position Update (9/28/20) The latest NASS weekly crop progress estimate that put US harvest at 15% complete (as of 9/27). Based on the National Corn Price Index Theoretical Position (see below), a like amount of newly harvested cash bushels [...]

Weekly Analysis: Corn

2020-09-20T13:58:07-05:00September 20th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.4671, up $0.1146. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Upper 35% = Neutral. Target: $3.59. Analysis: The NCPI extended its secondary (and major) [...]

Weekly Analysis: Oilseeds

2020-09-20T13:21:00-05:00September 20th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $9.8636, up $0.4841. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 7% = Bearish. Target: Major = $9.98. Analysis: The NSPI extended its secondary uptrend to a [...]

Weekly Analysis: Wheat

2020-09-20T12:10:28-05:00September 20th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.7004, up $0.3333. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 25% = Bearish. Target: $4.7816. Analysis: The HWPI jumped last week with the weekly close [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-20T10:30:04-05:00September 20th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 65.66, up 0.85. Secondary Trend: Sideways. Dec-March Spread: (-0.92) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 42% = Neutral. Target:60.23 to 58.32. Analysis: Dec cotton popped to a new 4-week high of [...]

Weekly Analysis: Energies

2020-09-20T06:59:24-05:00September 20th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $41.11, up $3.78. Secondary Trend: Down. Spot Spread: (-$0.21) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90 to $26.93. Analysis: Despite the higher weekly close the secondary trend is down. The [...]

Weekly Analysis: Metals and Currencies

2020-09-20T06:40:53-05:00September 20th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,952.10, up $14.30. Secondary Trend: Sideways. Dec-Feb Spread: (-$7.60) = Neutral. Market Type: 5 = Neutral. Price Distribution: NA. Target: None at this time. Analysis:While Dec gold could still be classified in a secondary downtrend, the [...]

Weekly Analysis: Corn

2020-09-13T14:36:53-05:00September 13th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.3525, down $0.1163. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Lower 46% = Neutral. Target: Major = $3.39, then $3.59. Analysis: The NCPI is [...]

Weekly Analysis: Oilseeds

2020-09-13T14:00:17-05:00September 13th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $9.3795, up $0.2757. Secondary Trend: Up. Basis: Neutral. Market Type: 8 = Bullish. Price Distribution: Upper 24% = Bearish. Target: Major = $9.98. Analysis: While the NSPI continues to show the characteristics of [...]

Weekly Analysis: Wheat

2020-09-13T13:03:27-05:00September 13th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3671, down $0.0054. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 42% = Neutral. Target: $4.4125, then $4.7816. Analysis:The HWPI lost some of its bullish momentum [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-13T10:58:54-05:00September 13th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 64.81, down 0.18. Secondary Trend: Sideways. Dec-March Spread: (-0.97) = Bearish. Market Type: 4 = Neutral-Bearish. Price Distribution: Lower 35% = Bullish. Target:60.23 to 58.32. Analysis: Dec cotton continues to consolidate, moving toward confirmation of [...]

Weekly Analysis: Energies

2020-09-13T08:51:29-05:00September 13th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $37.33, down $2.44. Secondary Trend: Down. Spot Spread: (-$0.32) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90 to $26.93. Analysis: The spot-month contract extended its secondary downtrend to a 4-week low [...]

Weekly Analysis: Metals and Currencies

2020-09-13T08:20:43-05:00September 13th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,947.90, up $13.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.80) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70 to $1,755.00. Analysis: Despite its higher weekly close, Dec gold still looks to be in [...]

Weekly Analysis: Metals

2020-09-06T15:22:18-05:00September 6th, 2020|Metals, Weekly Analysis|

Gold (Dec) Weekly Close: $1,934.30, down $40.60. Secondary Trend: Down. Dec-Feb Spread: (-$7.40) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: None at this time. Analysis:Dec gold still looks to be in a secondary downtrend, though no [...]

Weekly Analysis: Energies

2020-09-06T15:09:04-05:00September 6th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $39.77, down $3.20. Secondary Trend: Down. Spot Spread: Downtrend = Bearish. Market Type: 1 = Most Bearish. Price Distribution: NA. Target: $30.90 to $22.95. Analysis: The spot-month contract confirmed a new secondary downtrend with a [...]

Weekly Analysis: Cotton and Other Ag Crops

2020-09-06T13:52:16-05:00September 6th, 2020|Softs, Weekly Analysis|

Cotton December 2020 Weekly Close: 64.99, down 0.09. Secondary Trend: Sideways. Dec-March Spread: (-0.98) = Bearish. Market Type: 4 = Neutral-to-Bearish. Price Distribution: Lower 37% = Bullish. Target:68.98. Analysis: Consolidated last week before slipping to a lower weekly close. This [...]

Weekly Analysis: Wheat

2020-09-06T13:21:29-05:00September 6th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3725, up $0.0182. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 41% = Neutral. Target: Secondary = $4.4125. Analysis:The HWPI extended its secondary uptrend to a [...]

Weekly Analysis: Oilseeds

2020-09-06T11:48:54-05:00September 6th, 2020|Oilseeds, Weekly Analysis|

National Soybean Price Index (NSPI) Weekly Close: $9.1038, up $0.1045. Secondary Trend: Up. Basis: Neutral. Market Type: 8 = Bullish. Price Distribution: Upper 36% = Neutral. Target: Major = $9.98. Analysis: As discussed in Monthly Analysis, the NSPI is in [...]

Weekly Analysis: Corn

2020-09-06T07:09:20-05:00September 6th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.2362, down $0.0379. Secondary Trend: Up. Basis: Neutral (versus Dec futures contract). Market Type: 8 = Bullish. Price Distribution: Lower 30% = Bullish. Target: Major = $3.39, then $3.59. Analysis: The NCPI is [...]

Weekly Analysis: Wheat

2020-08-30T11:50:34-05:00August 30th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3543, up $0.1762. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 43% = Neutral. Target: Secondary = $4.4125. Analysis:The HWPI confirmed its secondary uptrend this past [...]

Weekly Analysis: Corn

2020-08-30T09:47:21-05:00August 30th, 2020|Grain, Weekly Analysis|

National Corn Price Index (NCPI) Weekly Close: $3.2741, up $0.2453. Secondary Trend: Up. Basis: Neutral (versus Dec futures). Market Type: 8 = Bullish. Price Distribution: Lower 35% = Bullish. Target: Major = $3.39, then $3.59. Analysis: The NCPI could establish a bullish [...]

Weekly Analysis: Metals

2020-08-09T16:19:36-05:00August 9th, 2020|Metals, Weekly Analysis|

Gold (Dec) closed at $2,018.00, up $32.10 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The December contract established a new all-time high for gold futures last week, hitting $2,089.20 before pulling back at the close. Yes, the market is sharply overbought, but has been [...]

Weekly Analysis: Energies

2020-08-09T16:11:01-05:00August 9th, 2020|Energies, Weekly Analysis|

WTI Crude Oil closed at $41.22, up $0.95 for the week. Trends: Secondary = Sideways, nearing a downturn. Targets: None. Analysis: The market looks to be nearing a secondary top with the spot-month contract sitting below its next upside target of $43.48. Weekly stochastics established a bearish [...]

Weekly Analysis: Wheat

2020-08-09T16:09:08-05:00August 9th, 2020|Weekly Analysis, Wheat|

Wheat Kansas City July 2021 closed $4.55, down 22 1/2 cents for the week. Trends: Secondary = Up. Targets: Minor = $4.80 to $4.76 1/2 with a possible extension to $4.71 1/4. Secondary = $4.93 1/4 to $5.02. Theoretical Position: Assuming there are no initial 2021 sales [...]

Weekly Analysis: Oilseeds

2020-08-09T16:07:49-05:00August 9th, 2020|Oilseeds, Weekly Analysis|

Soybeans November 2020 closed at $8.67 1/4, down 30 3/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = $8.62  Theoretical Position: 25% of expected 2020 production was covered near $9.68 (roughly the close the week of October 21). Another 25% could’ve been done [...]

Weekly Analysis: Corn

2020-08-09T16:06:03-05:00August 9th, 2020|Grain, Weekly Analysis|

Corn September 2020 closed at $3.07 3/4, down 8 1/4 cents for the week. Trends: Secondary = Down. Targets: Secondary = None at this time. Analysis: September corn fell to a new contract low of $3.07 1/4 last week indicating a move back to a secondary [...]

Weekly Analysis: Energies

2020-07-26T12:02:30-05:00July 26th, 2020|Energies, Weekly Analysis|

WTI Crude Oil closed at $41.29, up $0.70 for the week. Trends: Secondary = Sideways, nearing a downturn. Targets: None. Theoretical Position: Those wanting to establish short position could do so near last Friday’s close If so, then buy stops [...]

Weekly Analysis: Metals

2020-07-26T12:01:13-05:00July 26th, 2020|Metals, Weekly Analysis|

Gold closed at $1,897.50, up $87.50 for the week. Trends: Secondary = Up. Targets: None. Conclusion:  We need to keep an eye out for a reversal pattern, or a move to a new 4-week low below $1,753.50. Theoretical Position: There [...]

Weekly Analysis: Wheat

2020-07-26T11:59:56-05:00July 26th, 2020|Weekly Analysis, Wheat|

Wheat Kansas City July 2021 closed $4.84 1/4, up 1 cent for the week. Trends: Minor = Sideways-to-up. Secondary = Up. Targets: Secondary = $4.93 1/4 to $5.02. Theoretical Position: Assuming there are no initial 2021 sales on the books, [...]

Weekly Analysis: Oilseeds

2020-07-26T11:58:06-05:00July 26th, 2020|Oilseeds, Weekly Analysis|

Soybeans November 2020 closed at $8.99 1/2, up 4 1/2 cents for the week. Trends: Minor = Sideways. Secondary = Up. Targets: Secondary = $9.12 1/2 to $9.24 3/4. Theoretical Position: 25% of expected 2020 production was covered near $9.68 [...]

Weekly Analysis: Corn

2020-07-26T11:55:44-05:00July 26th, 2020|Grain, Weekly Analysis|

Corn Analysis: All of the contracts seem to be wanting to establish or have established a Minor buy signal, with decent price movement this could be established early in the coming week. As the Secondary trend for these contracts are [...]

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