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 [...]

Weekly Analysis: Grains

2019-05-12T07:57:53-05:00May 12th, 2019|Grain, Weekly Analysis|

Cash Corn: The cmdty National Corn Price Index (NCPI) closed at $3.26 1/2, down 18 1/4 cents for the week. Due to the increased volatility, and wide price swings of the NCPI, I’m looking at its weekly line chart this [...]

Grains

2019-01-20T13:22:30-06:00January 19th, 2019|Grain|

Cash Corn: The National Corn Index (NCI) closed at $3.48, up 4 cents for the week. The Barchart National Corn Index continues to hold below resistance near $3.55 1/4, a price that marks the 73.6% retracement level of the previous [...]

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