Arabica Coffee broke through the bottom of the upward channel in mid-October, challenged the resistance and has drifted since. Given the high carry yield, lowest prices seem the most likely.
Wow, What a Day! There Is More Action to Come. This Is What I Think
Soybeans faded off the overnight double digit losses to close Wednesday with contracts down 4 cents to up 2 cents. Futures were ignoring potential Trade War fears from a Trump presidency to close out the...
Wheat closed out the Wednesday session with most contracts lower, as the CBT market was firmer. The rallying US dollar index put some pressure on the market. Chicago SRW futures were within a ¾ cent of...
Despite the early session losses in the corn market, futures ended the day with contracts up 2 to 7 ¾ cents. The US dollar index was up 1.731 to 105.055 following the outcome of the Presidential election...
A few markets excelled in blowing out established trends. Bonds made new lows with the US dollar nearly a new contract high and equities a new historical high. Cattle seemed to want to trade higher,...
Wheat is trading with mixed action on Wednesday’s midday as the US dollar index rallying is putting some pressure on things. Chicago SRW futures are within a penny of unchanged at midday. KC HRW contracts...
Despite the early overnight losses, corn futures are putting on a midday rally, with contracts up 5 to 7 cents. The US dollar index is up 1.696 to 105.020 following the outcome of the Presidential election...
Soybeans are shrugging off the overnight double digit losses on Wednesday, ignoring potential Trade War fears from a Trump presidency. One election promise from the President-elect was tariffs, likely...