Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

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

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

Weekly Analysis: Corn

2022-06-27T08:33:13-05:00June 27th, 2022|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2022-06-20T15:13:04-05:00June 20th, 2022|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2022-04-03T16:39:30-05:00April 3rd, 2022|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2022-02-06T16:49:43-06:00February 6th, 2022|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2021-12-27T07:23:33-06:00December 27th, 2021|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2021-11-08T05:10:23-06:00November 8th, 2021|Grain, Weekly Analysis|

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 [...]

Weekly Analysis: Corn

2021-10-31T15:22:37-05:00October 31st, 2021|Grain, Weekly Analysis|

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 [...]

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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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: 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 [...]

Weekly Analysis: Corn (Grain)

2020-06-14T06:02:40-05:00June 14th, 2020|Grain, Weekly Analysis|

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 [...]

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