A lot happened that was expected to (US Supreme Court decision and reaction from the White House), and didn't happen that was expected to (military action) since last Friday's close.
Jim turns bullish on wheat for the first time in years
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
US State of the Union Address on Feb. 24th
Cattle markets break down to end week on a sour note
Corn futures were up 1 to 4 cents across the front months on Friday, as March was down 4 ¼ cents this week. Spillover support from gains in wheat was helping. The CmdtyView national average Cash Corn...
Soybeans were down 3 to 4 cents in the front months, as Marc was up 4 ½ cents this week. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures were up $5 to...
The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6 to 9 cents higher on...
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.