HRW Wheat
Theoretical Positions: 2025 Harvest: Newly harvested bushels could be held short-term to see if the seasonal tendency of a high weekly close the second weekly close of June plays out [...]
Corn (New-Crop)
Theoretical Positions: Investors (See Monthly Analysis) Short-dated new-crop July $4.40 put options were sold for 8.0 cents (Tuesday, May 20) These options closed last Friday at 2 5/8 cents An [...]
Corn (Old Crop)
Theoretical Positions: End-users: Summer needs are being covered as needed. Producers: Cash sales of 2024 supplies should be finished given the National Corn Index looks to have posted an earlier [...]
WTI Crude Oil
Theoretical Positions: Traders might've bought near last Friday's close of $64.58, a new 4-week high weekly close. If so, sell stops would be below the previous 4-week low weekly close [...]
Diesel Fuel
Theoretical Positions: Traders are likely on the sidelines for now. Seasonal Analysis: Neutral The spot-month contract closed Friday at $2.1253, up 11.99 cents for the week. The Commitments of Traders [...]
Live Cattle
Theoretical Positions: Cash cattle can continue to be sold when ready. Seasonal Analysis: Bullish August Live Cattle tend to trend up from the first weekly close of April through the [...]
Feeder Cattle
Theoretical Positions: Cash sales could continue to be made given the strength in futures, cash, and basis markets. Sell orders could be placed below the previous 4-week low weekly close [...]
Soybean Meal
Theoretical Positions: Summer coverage (June-July-August) can continue to be bought on an as-needed basis. Seasonal Analysis: Neutral-to-Bearish The nearby futures contract shows different tendencies based on the 5-year index (red [...]
Corn (New-Crop)
Theoretical Positions: Investors (See Monthly Analysis) Short-dated new-crop July $4.40 put options were sold for 8.0 cents (Tuesday, May 20) These options closed last Friday at 2 7/8 cents An [...]
Corn (Old-Crop)
Theoretical Positions: End-users: Summer needs are being covered as needed. Producers: Cash sales of 2024 supplies should be finished given the National Corn Index looks to have posted an earlier [...]
Weekly Analysis: WTI Crude Oil
Theoretical Positions: Traders are likely on the sidelines given the market’s contra-seasonal downtrend and continued backwardation of its forward curve (see below). Seasonal Analysis: Bearish The market remains in a [...]
Weekly Analysis: Diesel Fuel
Theoretical Positions: Traders are likely on the sidelines for now. Seasonal Analysis: Neutral The spot-month contract closed Friday at $2.0172, up 8.76 cents for the week. The Commitments of Traders [...]
Weekly Analysis: Gold
Theoretical Positions: Traders are likely still long cash, futures, and Exchange Traded Funds (ETFs) for reasons other than technical or fundamental. Trend: I don't know what to call the secondary [...]
Weekly Analysis: Live Cattle
Theoretical Positions: Cash cattle can continue to be sold when ready. Sell stops could be placed below recent low weekly closes. Seasonal Analysis: Bullish Despite last week’s lower close, the [...]