Energy, feed, and the price of money have all increased significantly in a very short period of time, unexpectedly, and may or may not recede anytime soon.
Tighten Your Seatbelts: It's Going to be a Bumpy Ride
Soybeans are trading with double digit gains at midday, with contracts up 14 to 17 cents. The cmdtyView national average Cash Bean price is up 15 1/4 cents at $11.42 1/4. Soymeal futures are up 80 cents...
The wheat complex saw is back to higher trade on Wednesday. Chicago SRW futures are 2 to 3 cents in the green so far on Wednesday. KC HRW futures are up 4 to 5 cents in the front months at midday. MPLS...
Corn futures are up 6 to 8 cents in the front months, with March up 10 ¼ cents. There were 553 deliveries against March corn overnight. The CmdtyView national average Cash Corn price is up 7 1/4 cents...
We already know classic technical analysis has become obsolete, but can we make the same argument for fundamental analysis? If so, what are we left with?
It is my bias that speculator and institutional (hedge fund) monies are moving into the grain markets.
Daily ranges for grain markets have been expanding as uncertainty and debate continue to mount. Shorter term traders who can put their longer term bias on the back burner continue to be presented with...
Wheat is trading with gains across the three markets on Wednesday morning led by double digit gains in KC. The wheat complex saw double digit losses across the three exchanges. Chicago SRW futures were...