Soybean Meal attempted to break through the downward trendline on Friday but failed to hold the break-out.

Hedge funds have started to reduce their record net short position over the past few weeks, but Soybeans remains very near its lowest level. Over the past 3 years hedge funds have averaged a net long...

Live Cattle has been hanging around at or near its highest 52-week level for the past 5 weeks. Live Cattle is traditionally a negative carry market that has an average carry yield of (5.3%) over the past...

Non-Commercial traders are short Cotton in record numbers during last week's Tuesday - Tuesday COT report (reported on Friday). Non-Commercial traders are now net short (59,217) contracts. The last time...

White Sugar has been dropping steadily down the declining channel since early July. Friday the market broke through the upper trend line and appeared ready to move higher.

All 3 markets are at extreme low levels (HO and RB) or high levels (GC) since tracking began in April 2021

Live Cattle broke through the bottom of the upward channel earlier this month and has made lower lows these past 2 days.

Hedge funds are net short an (197k) contracts of Soybeans. Soybeans has been below the (190k) level in 4 of the past 5 weeks and is over 300k contracts from the high in early September last year.

Lean Hogs have not been able to break through the declining trendline.  Hogs rallied over 15% from the July lows but stopped right at the declining trendline this past week.

Feeder Cattle and Live Cattle are at their highest % carry yield, Soybeans and Soybean Meal are at their lowest.