Trends: Short-term trend could try to turn up to close out the week. Intermediate-term trend on weekly charts for July and December (slide 1) remains down. The weekly CFTC Commitments of Traders report (legacy, futures only) showed noncommercial traders held [...]
Cash Corn: The weekly close-only chart for the Barchart National Corn Price Index (NCPI, weighted national average cash price) looks to have rolled into a secondary (intermediate-term) uptrend on its weekly chart. Last week saw the contract post a new [...]
A friend from southern Minnesota sent in a question that asked, "Why is corn dropping so fast?" He added it was still winter-like in his area, with nothing in the ground because it was too wet. His question reminded me [...]
Cash Corn: The weekly close-only chart for the Barchart National Corn Price Index (NCPI, weighted national average cash price) still looks to be in a secondary (intermediate-term) downtrend despite last week's higher close. The downside target remains near $5.99, and [...]
Cash Corn: The weekly close-only chart for the Barchart National Corn Price Index (NCPI, weighted national average cash price) shows a bearish breakout last week. Given the previous range was roughly 50 cents, from $6.99 to $6.49, the downside target [...]
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 [...]
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 [...]
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 4-week high near $6.92. The NCPI could be building a bullish wedge based on a [...]
Cash Corn: I’ve pulled the analysis for the Barchart National Corn Price Index this week due to an error on its weekly chart. Theoretical Positions: Long-term short cash corn. Merchandisers could continue to cover cash on an as needed basis, [...]
Cash Corn: I've pulled the analysis for the Barchart National Corn Price Index this week due to an error on its weekly chart. Theoretical Positions: Long-term short cash corn. Merchandisers could continue to cover cash on an as needed basis, [...]
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 [...]
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: [...]
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: [...]
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 [...]
Theoretical Positions Hedgers Expected 2022 production could be mostly priced (roughly 75%, or the amount insured), based on the major (long-term) bearish spike reversal by the Dec22 contract at the end of May, with a closing price of $7.1150 Others [...]
Theoretical Positions Hedgers Expected 2022 production could be mostly priced (roughly 75%, or the amount insured), based on the major (long-term) bearish spike reversal by the Dec22 contract at the end of May, with a closing price of $7.1150 Others [...]
Theoretical Positions Hedgers Expected 2022 production could be mostly priced (roughly 75%, or the amount insured), based on the major (long-term) bearish spike reversal by the Dec22 contract at the end of May, with a closing price of $7.1150 Others [...]
Theoretical Positions Hedgers Expected 2022 production could be mostly priced (roughly 75%, or the amount insured), based on the major (long-term) bearish spike reversal by the Dec22 contract at the end of May, with a closing price of $7.1150 Others [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the DTN National Corn Index (NCI, unweighted national average cash price) completing a bearish 2-month reversal during May 2022 with a closing price of $7.51. Expected 2022 production could [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the DTN National Corn Index (NCI, unweighted national average cash price) completing a bearish 2-month reversal during May 2022 with a closing price of $7.51. Expected 2022 production could [...]
Theoretical Positions Hedgers 2021 cash bushels should be sold out based on the DTN National Corn Index (NCI, unweighted national average cash price) completing a bearish 2-month reversal during May 2022 with a closing price of $7.51. Expected 2022 production could [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the DTN National Corn Index (NCI, unweighted national average cash price) completing a bearish 2-month reversal during May 2022 with a closing price of $7.51. Expected 2022 production could [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the Barchart National Corn Price Index completing a bearish outside range during June, with a close at $7.1375 Expected 2022 production could be mostly priced, based on the [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the Barchart National Corn Price Index completing a bearish outside range during June, with a close at $7.1375 Expected 2022 production could be mostly priced, based on the [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the Barchart National Corn Price Index completing a bearish outside range during June, with a close at $7.1375 Expected 2022 production could be mostly priced, based on the [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the Barchart National Corn Price Index completing a bearish outside range during June, with a close at $7.1375 Expected 2022 production could be mostly priced, based on the [...]
Theoretical Positions Hedgers: 2021 cash bushels should be sold out based on the Barchart National Corn Price Index completing a bearish outside range during June, with a close at $7.1375 Expected 2022 production could be mostly priced, based on the [...]
I know there is a lot of hand-wringing over corn's selloff Tuesday, but the reality is the contract continues to follow its technical patterns. Dec corn has posted a low of $5.83 Tuesday, hitting its downside target of $5.86 and [...]
New-crop December Corn Trend Secondary turned up last week. Dec corn posted a bullish spike reversal. The initial upside target area is between $6.58 and $6.80. Major (long-term) trend remains down on the continuous monthly chart The new secondary uptrend [...]
New-crop December 2022 Corn: Theoretical Position DNAI in-house algorithm Short-term: Short (neutral, not adding or reducing) Intermediate-term: Short (neutral, not adding or reducing) Trends Minor (short-term): Trying to turn up on daily charts Secondary (intermediate-term): Still in Wave C (third [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
The Dec22 issue is extending its secondary (intermediate-term) downtrend this week. This trend was most recently signaled by a bearish crossover of weekly stochastics above 80% the week of May 16. This same week saw the contract complete a bearish [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
Bottom Line at the Top: Theoretical Position: Increase new-crop forward contracts to 25% to 33% of expected 2022 production. Dec 2022 Trends Minor: Down Support at the 4-day low of $6.2850 Implied volatility of the futures contract is high at [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
Chart: December 2022 Corn Weekly Bottom Line: Some small sales could be made given bearish technical and seasonal factors. The contract posted a bearish key reversal last week Confirming the secondary (intermediate-term) trend has turned down signaled by a bearish [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]
Old-Crop March Secondary (Intermediate-term) Trend: Down The contract posted a bearish spike reversal on its weekly chart Indicating the market could see increased noncommercial selling This pattern confirmed a series of bearish crossover by weekly stochastics, the most recent the [...]
Thursday I mentioned how the new-crop December corn contract was approaching an important weekly close this week, depending on where it settled in relation to last Friday's close of $5.6950. This week has seen Dec hit a new contract high [...]
New-Crop December 2022 Corn Secondary Trend = Up Indicating continued noncommercial buying activity. The contract's open interest increased by about 10,000 contracts last week. Fundamentals = Bullish The Dec-March futures spread covered 28% calculated full commercial carry (cfcc) at Monday's [...]
Despite the rally posted late last week, I still see a secondary (intermediate-term) downtrend on March corn's weekly chart. Initial support is at the previous 4-week low of $5.8475, the $5.8225. Beyond that the downside target range remains between $5.7525 [...]
Based on its weekly close only seasonal chart, the cmdty National Corn Price Index (NCPI, weighted national average cash price) remains in a secondary (intermediate-term) uptrend. Last Friday's calculation of $5.93 was a new 2021-2022 marketing year high, and put [...]
It could still be argued old-crop March corn rolled into a secondary (intermediate-term) downtrend last week as the contract posted a bearish spike reversal. The minor (short-term) also remains down, with resistance for both at the recent high of $6.1775. [...]
New-crop December corn remains in a secondary (intermediate-term) sideways trend between support at its 4-week low of $5.3925 and the contract high of $5.65. A sell signal was established the week of December 13 as the contract took out its [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up March corn has moved to new 4-week highs the last three weeks, including early Monday morning already. Look for the noncommercial net-long futures position to increase in Monday's holiday-delayed CFTC Commitments of [...]
Market Type: 6 (Neutral-to-Bullish) Secondary Trend: Sideways March corn reminds in a range between its 4-week high of $5.9675 and its 4-week low of $5.6250 While the in-house algorithm remains bullish, it is giving a neutral reading as of last [...]
Market Type: 6 (Neutral-to-Bullish) Secondary Trend: Sideways March corn reminds in a range between its 4-week high of $5.9675 and its 4-week low of $5.5750 While the in-house algorithm remains bullish, it is giving a neutral reading as of last [...]
Market Type: 6 (Neutral-to-Bullish) Secondary Trend: Sideways March corn has gotten stuck in a range between its 4-week high of $5.9350 and its 4-week low of $5.5750 While the in-house algorithm remains bullish, it is giving a neutral reading as [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up However, the minor (short-term) trend turned down last week. This looks to be Wave 4 of the 5-wave secondary uptrend pattern. Noncommercial traders added an incredible 75,299 contracts to their net-long futures [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up Once the December contract cleared the previous high of $5.4850 it confirmed Wave 3 of its secondary uptrend. Noncommercial traders added 30,780 contracts to their net-long futures poison, an even mix of [...]
Market Type: 5 (Neutral) Secondary Trend: Sideways I have not had a clear buy signal in corn futures yet, but it is close. As I've been saying, I'd rather be long than short at this point. Noncommercial traders remain slow [...]
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 [...]
Market Type: 9 (Most Bullish) Trends Secondary (intermediate-term): Up The secondary trend is a difficult read, but I am changing it to up based on The previous week's new 4-week high weekly close of $5.5650 Last week's new 4-week high [...]
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) topped week of [...]
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) topped week of [...]
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 [...]
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 [...]
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 [...]
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 [...]
Though this is Weekly Analysis of December corn only, I've attached the contract's short-term daily chart. Trends: The major trend turned down at the end of May with the establishment of a bearish spike reversal on the continuous monthly chart. [...]
New-crop December 2021 Trend Minor: Sideways The previous downtrend looks to be coming to an end, with support at the previous 4-day low of $5.2075 and resistance the 4-day high of $5.5575. If the minor trend turns up, the target [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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) [...]
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 [...]
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 [...]
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 [...]
National Corn Price Index (NCPI) closed at $3.03, up 3 1/2 cents for the week. Trends: Secondary = Up. Major = Up. Targets: Major = $3.30 1/4. Analysis: The NCPI confirmed it is Wave 3 of a 5-wave secondary uptrend [...]
National Corn Price Index (NCPI) closed at $2.99 1/2, up 17 3/4 cents for the week. Trends: Secondary = Up. Major = Up. Targets: Secondary = $3.11 1/2. Major = $3.30 1/4. Analysis: The NCPI posted a solid rally last [...]
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 [...]
National Corn Price Index (NCPI) closed at $2.91, down 11 cents for the week. Trends: Secondary = Up. Targets: Secondary = Support at $2.85, then $2.72 3/4. Analysis: The argument could still be made the secondary trend is up, with [...]
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 [...]
National Corn Price Index (NCPI) closed at $3.08 1/4, down 4 1/4 cents for the week. Trends: Secondary = Up, Major = Sideways-to-up. Targets: Minor support = $3.01 1/2 to $2.94 3/4. Analysis: The minor downtrend still looks to be [...]
National Corn Price Index (NCPI) closed at $3.12 1/2, down 6 cents for the week. Trends: Minor = Down. Secondary = Up, Major = Sideways-to-up. Targets: Minor = $3.08 1/4 to $2.94 1/2. Analysis: The minor downtrend looks to be [...]
National Corn Price Index (NCPI) closed at $2.95 1/2, down 14 1/2 cents for the week. Trends: Minor = Down but signaling a move to an uptrend. Secondary = Up, Major = Sideways-to-up. Targets: Minor = $2.93 1/2 to $2.88 [...]
National Corn Price Index (NCPI) closed at $3.10, up 3 3/4 cents for the week. Trends: Minor = Sideways. Secondary = Up (Confirmed week of May 18), Major = Sideways-to-up (April 20). Targets: Secondary = $3.13 3/4 to $3.57 1/4. [...]
National Corn Price Index (NCPI) closed at $3.06 1/2, unchanged for the week. Trends: Minor = Looks to have turned down last week, Secondary = Up (Confirmed week of May 18), Major = Sideways-to-up (April 20). Conclusion: The minor trend [...]
National Corn Price Index (NCPI) closed at $3.06 1/2, up 6 1/4 cents for the week. Trends: Major = Sideways-to-up (April 20), Secondary = Up (Confirmed week of May 18), Minor = Up, but overbought. Conclusion: Minor trend could soon [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.00 1/4, up 9 3/4 cents for the week. The NCPI extended its secondary uptrend to a high of $3.04 1/4 last week. This still looks to be Wave [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $2.90 1/2, up 1/2 cent for the week. The NCPI is in a secondary uptrend, first signaled with a bullish crossover by weekly stochastics the week of April 6 [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $2.87 3/4, up 4 cents for the week. Last Friday’s calculation of the NCPI implied 2019-2020 U.S. corn stocks-to-use of 13.8%, unchanged from the previous week. The NCPI continues [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $2.87 3/4, down 5 3/4 cents for the week. The NCPI posted a new major low of $2.72 3/4 last week, taking out the August 2016 low of $2.74 [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $2.93 3/4, down 9 cents for the week. Both the secondary and major trends remain down, with next major support at the August 2016 low near $2.74 3/4. Monthly [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.02 3/4, up 2 3/4 cents for the week. The minor trend is sideways with initial resistance at the 4-day high of $3.06 with support at the 4-day low [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.00, down 16 3/4 cents for the week. The NCPI extended Wave C (third wave) of its major (long-term) 3-wave downtrend pattern to a new low of $2.97 1/4. [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed near $3.16 3/4, down 2 3/4 cents for the week. The NCPI consolidated within the previous week’s range as weekly stochastics neared a bullish crossover below the oversold level of [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed near $3.19 1/2, down 32 3/4 cents for the week. As discussed last week, the NCPI was at risk of a bearish breakout of its secondary (intermediate term) sideways pattern, [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed near $3.52 1/4, down 11 1/4 cents for the week. The NCPI remains in a secondary (intermediate term) sideways trend between roughly $3.50 and $3.78, with the cash market now [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed near $3.63 1/2, up 8 1/2 cents for the week. The NCPI remains in a secondary (intermediate term) trend between roughly $3.50 and $3.78, meaning last week’s close is near [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.55, down 10 1/2 cents for the week. Switching gears a bit this weekend to take a look at the long-term monthly chart. The NCPI remains in a major [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.65 1/2, down 1/2 cent for the week. The NCPI remains in minor (short term) and secondary (intermediate term) sideways trends while the major (long term) trend still looks [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.66, down 5 1/4 cents for the week. The NCPI remains in minor (short term) and secondary (intermediate term) sideways trends while the major (long term) trend still looks [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.71, up 2 1/2 cents for the week. The NCPI remains in minor (short term) and secondary (intermediate term) sideways trends while the major (long term) trend still looks [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.68 1/2, down 5 1/4 cents for the week. The NCPI remains difficult to classify from a trend point of view. The bottom line is the NCPI could soon [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.73 3/4, down 1 cent for the week. The NCPI showed interesting activity following through on the previous week’s bullish outside range by rallying to a new 4-week high [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.74 3/4, up 3 1/2 cents for the week. The NCPI posted a bullish outside range last week, offsetting the bearish outside range from two weeks ago. This was [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.71 1/4, unchanged for the week. Immediately after posting a bearish outside range the previous week the NCPI fell to a low of $3.62 1/4 last week. At that [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.71 1/4, down 4 cents for the week. The NCPI posted a bearish outside range las week, indicating it is rejoining its major (long term) downtrend. Cash corn continues [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.75 1/4, up 2 3/4 cents for the week. Weekly stochastics are near the overbought level of 80%, yet still indicating there is more room to the upside. Resistance [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.65, up 8 1/4 cents for the week. The NCPI has seen an interesting last three weeks that began with a bullish outside range (week of November 25), followed [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.56 3/4, down 5 cents for the week. The NCPI followed up the previous week’s bullish outside by moving lower last week. Despite bullish seasonal studies, we need to [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.61 3/4, up 7 3/4 cents for the week. The NCPI posted a bullish outside range last week indicating, as expected (see last week’s analysis is this same space), [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.54, down 3 cents for the week. The NCPI is indicating a move to a minor (short-term) uptrend meaning it should also rejoin its secondary (intermediate-term) uptrend. Seasonally, both [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.57, down 5 1/4 cents for the week. The NCPI extended the minor (short term) downtrend on its daily chart to a test of support near $3.56 3/4, a [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.62 1/4, down 11 1/4 cents for the week. Despite its lower weekly close the NCPI remains in a secondary (intermediate term) uptrend. Last week saw the NCPI post [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.73 1/2, up 5 cents for the week. The NCPI remains in a seasonal secondary (intermediate term) uptrend, posting a bullish outside range last week. This would indicate a [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.68 1/2, down 3 1/4 cents for the week. Despite another lower weekly close the NCPI remains in a secondary (intermediate term) uptrend. However, its minor (short term) trend [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.71 3/4, down 5 3/4 cents for the week. Despite its lower weekly, close the NCPI remains in a secondary (intermediate term) uptrend. However, its minor (short term) trend [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.77 3/4, up 13 3/4 cents for the week. The NCPI remains in a secondary (intermediate term) uptrend and is testing its initial upside target neat $3.77 1/4. This [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.64, up 8 cents for the week. The NCPI remains in a secondary (intermediate-term) 5-wave uptrend. However, the minor (short-term) trend still looks to be down, a move that [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.56, up 1/2 cent for the week. The NCPI remains in a secondary (intermediate-term) 5-wave uptrend. However, the minor (short-term) trend looks to have turned down, a move that [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.55 1/2, up 3 cents for the week. The NCPI extended Wave 1 of its secondary (intermediate-term) 5-wave uptrend to a high of $3.59 1/4 last week. However, it [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.52 1/2, up 14 1/4 cents for the week. The NCPI posted a bullish key reversal on its weekly chart, bringing an end to the previous secondary (intermediate-term) downtrend [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.38 1/4, down 11 3/4 cents for the week. The NCPI extended its secondary (intermediate-term) downtrend to a new 4-week low of $3.36. Friday’s settlement had the NCPI in [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.50, down 1 1/4 cents for the week. The NCPI remains in a secondary (intermediate-term) downtrend on its weekly chart. Seasonally the NCPI tends to post a low with [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.51 1/4, down 10 cents for the week. Technically, the NCPI remains in a secondary (intermediate-term) downtrend on its weekly chart. This is in line with its 5-year seasonal [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.61 1/4, down 39 1/2 cents for the week. Technically, the NCPI remains in a secondary (intermediate-term) downtrend on its weekly chart. This is in line with its 5-year [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $4.00 3/4, up 10 3/4 cents for the week. The corn complex in general is showing a number of trend patterns heading into Monday’s USDA reports. Starting with the [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.90, down 16 1/2 cents for the week. The NCPI remains in a secondary (intermediate-term) seasonal downtrend, bouncing off its weekly low of $3.78 1/2 to close out the [...]
Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $4.06 1/4, down 16 3/4 cents for the week. The NCPI extended its secondary (intermediate-term) downtrend last week, closing near its weekly low of $4.05. While the major (long-term) [...]
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 [...]
