Weekly Analysis: Corn

2021-09-12T16:10:57-05:00September 12th, 2021|Grain, Weekly Analysis|

Market: Type 3 (less bearish) The secondary trend is down, though it completed its patter with a move to $5.00 last week. Noncommercial traders decreased their net-long futures by 36,395 contracts for the week ending Tuesday, September 7 This included [...]

Weekly Analysis: Cotton

2021-08-05T16:00:53-05:00August 5th, 2021|Softs|

Market Type: 9 (Most Bullish) Trends Secondary (intermediate-term): Up (Contra-seasonal) Dec cotton posted a new contract high of 91.00 the week of July 26 before closing 0.27 lower for the week This raises the question of a possible bearish spike [...]

Weekly Analysis: Corn

2021-07-26T11:15:45-05:00July 26th, 2021|Grain|

Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) Bearish 2-week reversal on weekly charts the weeks of May 3 and May 10. New 4-week lows the week of May 24 Wave B (second wave) of topped week [...]

Weekly Analysis: Soybeans

2021-07-26T08:27:33-05:00July 26th, 2021|Oilseeds|

Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) The contract broke below trendline support at $13.65 early in Sunday's overnight session This completes the bear flag pattern And projects a pattern downside target of $11.61 Not this [...]

Weekly Analysis: Corn

2021-07-12T05:13:47-05:00July 12th, 2021|Grain|

Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down (3-wave pattern) Bearish 2-week reversal on weekly charts the weeks of May 3 and May 10. New 4-week lows the week of May 24 Wave B (second wave) of topped week [...]

Weekly Analysis: Corn

2021-06-28T10:43:24-05:00June 28th, 2021|Grain, Weekly Analysis|

Market Type: 3 (Less Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts are end of May Secondary (intermediate-term): Down (3-wave pattern) Bearish 2-week reversal on weekly charts the weeks of May 3 and May 10. New 4-week [...]

Weekly Analysis: HRW Wheat

2021-06-23T17:05:54-05:00June 23rd, 2021|Weekly Analysis, Wheat|

Market Type: 1 (Most Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts are end of May Secondary (intermediate-term): Down (3-wave pattern) The cmdty National HRW Wheat Price Index (HWPI, weighted national average cash price) looks to be [...]

Weekly Analysis: Soybeans

2021-06-22T07:19:41-05:00June 22nd, 2021|Oilseeds, Weekly Analysis|

Market Type: 3 (Less Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts at end of May Secondary (intermediate-term): Down (3-wave pattern) New 4-week lows the week of June 14 Target area (Nov soybeans) between $12.3025 and $11.5325 [...]

Weekly Analysis: Corn

2021-06-21T07:42:02-05:00June 21st, 2021|Grain, Weekly Analysis|

Market Type: 3 (Less Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts are end of May Secondary (intermediate-term): Down (3-wave pattern) Bearish 2-week reversal on weekly charts the weeks of May 3 and May 10. New 4-week [...]

Weekly Analysis: Wheat

2021-05-16T16:03:36-05:00May 16th, 2021|Weekly Analysis, Wheat|

Kansas City HRW Wheat (July) Secondary Trend: Down Futures Spreads: NeutralMarket Type: 2, Bearish Analysis: July Kansas City wheat established a bearish 2-week reversal pattern on its weekly chart, indicating its secondary trend has turned down. Sales of both the [...]

Weekly Analysis: Corn

2021-05-16T15:21:16-05:00May 16th, 2021|Grain, Weekly Analysis|

Cash and Old-corp July Trend Minor (short-term): Down Secondary (intermediate-term): Down Target area between $5.8650 and $5.4075 Noncommercial traders reduced their net-long futures position by 35,290 for the week ending Tuesday, May 11 Major (long-term): Could be changing cmdty National [...]

Weekly Analysis: Corn

2021-05-09T14:57:45-05:00May 9th, 2021|Grain, Weekly Analysis|

Cash Corn (cmdty National Corn Price Index)  Secondary Trend: Up National Average Basis: Bullish, 14.5 cents over July (1.7 cents weaker for the week) Market Type: 9, Most Bullish Analysis: Cash corn still looks incredibly bullish, though the slightly weaker national [...]

Weekly Analysis: Oilseeds

2021-05-09T14:39:26-05:00May 9th, 2021|Oilseeds, Weekly Analysis|

Old-Crop Soybeans (July) Secondary Trend: Up Futures Spreads: Inverted, Bullish Market Type: 9, Most Bullish Analysis: July soybeans posted a new contract high of $15.9950 last week. This puts initial support this coming week at the previous 4-week low of [...]

Weekly Analysis: Wheat

2021-05-09T13:18:39-05:00May 9th, 2021|Weekly Analysis, Wheat|

Kansas City HRW Wheat (July) Secondary Trend: Up Futures Spreads: Weak Carry, Bullish Market Type: 9, Most Bullish Analysis: July Kansas City wheat extended its secondary uptrend to a new contract high of $7.4150. Support continues to come from the [...]

Weekly Analysis: Livestock

2021-05-09T12:46:53-05:00May 9th, 2021|Livestock and Dairy, Weekly Analysis|

Live Cattle June 2021 Secondary Trend: Down Futures Spreads: June-August (-$2.825), Bearish Market Type: 1, Most Bearish Analysis: June live cattle extended its secondary downtrend to a low of $112.575 last week before rallying. This sets the stage for a [...]

Weekly Analysis: Cotton and Sugar

2021-05-09T12:19:22-05:00May 9th, 2021|Softs, Weekly Analysis|

Old-Crop Cotton (July) Secondary Trend: Down Futures Spreads: NA (May contract is in delivery) Market Type: NA (Though basis could be used as the fundamental read) Analysis: July cotton still looks to be in a secondary downtrend on its weekly [...]

Weekly Analysis: Energies

2021-05-09T11:52:51-05:00May 9th, 2021|Energies, Weekly Analysis|

Crude Oil  Secondary Trend: Down Futures Spreads: Inverted, Bullish Market Type: 7, Less Bearish Analysis: The recent minor (short-term) uptrend looks to be Wave B of the secondary (intermediate-term) 3-wave downtrend pattern. If so, Wave C would be expected to [...]

Weekly Analysis: Metals

2021-05-09T11:35:49-05:00May 9th, 2021|Metals, Weekly Analysis|

Gold (June) Secondary Trend: Up Futures Spreads: Carry, Neutral-to-Bearish Market Type: 2 or 3, Bullish to Less Bullish Analysis: The next upside target on June gold's weekly chart I between $1,842.90 and $1,894.40. I'm not looking for much beyond that, [...]

Weekly Analysis: Corn

2021-04-25T16:30:33-05:00April 25th, 2021|Grain, Weekly Analysis|

Market Type: 9, Most Bullish Secondary Trend: Up Futures Spreads: Bullish. New-crop showing a small carry still covering less than 33% calculated full commercial carry. Basis: Bullish. Next week: Trends are up for the various timeframes (minor, secondary, major) for [...]

Weekly Analysis: Corn

2021-04-05T07:46:56-05:00April 5th, 2021|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.4679, up 8.52 cents Secondary Trend: Up Basis: Bullish. Calculated at 12.96 cents under May futures, 1.27 cents stronger than the previous Friday. Analysis: Eliminating the noise and focusing on the [...]

Weekly Analysis: Corn

2021-03-27T10:38:27-05:00March 27th, 2021|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.3827, down 3.98 cents Secondary Trend: Sideways-to-Down Basis: Bullish. Calculated at 14.23 cents under May futures, 1.26 cents stronger for the week Analysis: The most recent technical pattern posted by the [...]

Weekly Analysis: Corn

2021-03-20T11:50:23-05:00March 20th, 2021|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.4225, down 19.43 cents Secondary Trend: Sideways-to-Down Basis: Bullish. Calculated at 15.49 cents under May futures Analysis: The most recent technical pattern posted by the NCPI is a bearish key reversal [...]

Weekly Analysis: Wheat

2021-03-20T11:33:06-05:00March 20th, 2021|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.5325, down 17.45 cents Basis: Bullish. Calculated at 32.25 cents under May Kansas City futures, 0.54 cent stronger than the previous week. Secondary Trend: Down Analysis: The HWPI extended [...]

Weekly Analysis: Corn

2021-03-14T16:17:08-05:00March 14th, 2021|Grain, Weekly Analysis|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.2282, down 6.42 cents Secondary Trend: Down Basis: Bullish. Calculated at 16.18 cents under May futures Analysis: The most recent technical pattern posted by the NCPI is a bearish key reversal [...]

Weekly Analysis: Energies

2021-03-14T13:44:52-05:00March 14th, 2021|Energies|

Crude Oil  Weekly Close: $65.61, down $0.48 Trends: Major (long-term) = Up, Secondary (intermediate-term) = Down*, Minor (short-term) = Down Analysis: The spot-month contract posted a new high of $67.98 last week before closing lower. Theoretically this established a bearish [...]

Weekly Analysis: Metals

2021-03-14T13:21:50-05:00March 14th, 2021|Metals, Weekly Analysis|

Gold (April) Weekly Close: $1,719.80, up $21.30 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: April gold extended its secondary downtrend to a low of $1,673.30 before closing higher, establishing a bullish spike reversal. [...]

Weekly Analysis: Wheat

2021-03-08T09:51:13-06:00March 8th, 2021|Weekly Analysis, Wheat|

New-Crop Kansas City Wheat Futures: July 2021 Weekly Close: $6.3175, down 6.0 cents Secondary Trend: Sideways-to-down Noncommercial Position (as of Tuesday, March 2): 52,064 contracts net-long, up 2,857 contracts July-September Futures Spread: 5.25 cents carry, 42% calculated full commercial carry, [...]

Weekly Analysis: Cotton and Sugar

2021-03-08T09:29:07-06:00March 8th, 2021|Softs, Weekly Analysis|

Old-Crop Cotton Futures: May 2021 Weekly Close: 87.76, down 1.07 cents Secondary Trend: Down Noncommercial Position (as of Tuesday, March 2): 91,575 contracts net-long, down 5,453 contracts May-July Futures Spread: 0.91 cent carry, Neutral-to-Bearish Analysis: May cotton followed through on [...]

Weekly Analysis: Soybeans

2021-03-08T09:11:13-06:00March 8th, 2021|Oilseeds, Weekly Analysis|

Cash Soybeans: National Soybean Price Index (NSPI) Weekly Close: $13.9402, up 28.68 cents Basis: Bullish. Calculated at 35.97 cents under May futures Secondary Trend: Up Analysis: The NSPI posted a new 4-week high and new 4-month high last week, extending [...]

Weekly Analysis: Corn

2021-03-08T08:55:54-06:00March 8th, 2021|Grain|

Cash Corn: National Corn Price Index (NCPI) Weekly Close: $5.2924, down 2.02 cents Secondary Trend: Down Basis: Neutral-Bullish. Calculated at 16.25 cents under March futures Analysis: The most recent technical pattern posted by the NCPI is a bearish key reversal [...]

Weekly Analysis: Livestock

2021-03-08T08:39:11-06:00March 8th, 2021|Livestock and Dairy|

Live Cattle April 2021 Weekly Close: $119.025, down $0.975 Secondary Trend: Down Noncommercial Position (as of Tuesday, March 2): Net-long 83,632 contracts, down 5,875 contracts April-June Futures Spread: Bearish. $1.025, down $0.55 for the week. Analysis: April live cattle continued [...]

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 [...]

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