Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Soybean Meal attempted to break through the downward trendline on Friday but failed to hold the break-out.
Soybean futures closed with gains of 7 to 9 cents on Friday. Today is first notice day for September futures, with 6 deliveries issued against September soybeans. Soymeal futures were up $1.20 in the...
Corn futures closed the Friday session with 5 to 7 1/2 cent grain on Friday. The market will be closed on Monday in observance of Labor Day. Export sale commitments for old crop are 98% of the USDA forecast...
The wheat complex closed higher across the three exchanges on the Friday session. Chicago SRW futures were up 2 to 7 cents in the nearbys. There were 416 deliveries issued against September CBT wheat futures...
Futures traders remain overly cautious to push basis to a level for which producers may pounce on. Increased beef production, while cattle production decreases, has been the feat of the year.
The Soybeans were kept in check by the shorts, as the Cattle Markets were higher, but did not look good.
