December Soybean Meal has decreased by over 17% since early October. The current leg down has a 52-day duration which is similar to the 48 days drop between late May and mid-July.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Hogs Rally, Cattle markets strong ahead of Cattle on Feed report
Strong Dollar and Bearish Cattle on Feed Report. Fats and Feeders lower next week?
Jim's video expounds on the mistakes traders make when following the weather models that analysts lean on too much
In my opinion, the division is clear between the expectations of expansion creating a shorter supply of cattle, and the expectations of the incoming administration to lower inflation.
The corn market posted fractional to 1 ¼ cent losses on Friday, a few deferreds up ¼ cent. December still managed to pull out a 1 ½ cent gain on the week. December options expired today. First notice...
The wheat complex closed with losses across the board on Friday. Chicago SRW futures were down 3 1/4 to 4 3/4 cents across the board on the day, with December still up 7 ¾ cents on the week. KC HRW contracts...
Soybeans were pressured for much of the week with weaker product values, but managed to close Friday with gains of 1 ¼ to 7 cents. January was still down 15 cents since last Friday’s close. CmdtyView’s...