Despite the high carry yield, front month Corn has yet to break through the declining trendline. Coffee, on the other hand, has broken through the upper channel and is aggressively breaking out.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Soybeans failed to get much upside reaction to either the export business or better than expected Export Sales report from early on Thursday. Futures closed with losses of 7 ½ to 14 cents on the day....
The wheat complex was pressured lower on Thursday, with the US dollar index hitting a 1 year high, up 414 points. Chicago SRW futures were down 1 ½ to 3 3/4 cents across the board at the close. KC HRW...
Corn posted Thursday losses at the close, with contracts down 3 ½ to 4 ½ cents across the board. Pressure mounted as the rest of the grains were lower and the US dollar index posted fresh 1 year highs....
Corn prices appeared to have finally found a bottom from the summer sell-off. Speculators were short the market in record numbers until late August, when they began buying back contracts, convincing some...
With a belief, not to be confused with fact, that a portion of the buying that has lifted the feeder cattle index, causing a flurry of activity in feeder cattle futures, is due to the desire to own cattle...
Corn is facing some midday pressure on Thursday as contracts are down 3 to 4 cents at midday. The national average Cash Corn price from cmdtyView was down 3 1/4 cents at $4.03 1/2 per bu. Export Sales...
The three wheat markets are heading lower so far on Thursday, with the US dollar index hitting a 1 year high. Chicago SRW futures are down 1 to 2 cents across the nearbys. KC HRW contracts are closing...
Soybeans are failing to get much upside reaction to the export business announced this morning or the better than expected Export Sales report. Futures are down 12 to 14 cents at midday an near the intraday...