Weekly Chart Patterns + Future Target
Stop at 3.70
Consumer prices and healthcare bill caution. Hog oppertunity. Finding the next boom markets.
The Weekly Grain Report for March 24th, 2017
News this week focused on political moves in Brazil & Washington, affecting cattle, oil and the USDA.
Good entry point for Long
Going even lower
Grain and soy traders came into this week in a foul mood and nothing has happened over the past four and a part days that appears to have improved their disposition. If we were to close right now, nearby...
Daily Chart & 200 day Moving Avg
Sideway markets reduce participants’ expectations of volatility. Since volatility is a big component of option price, low volatility tends to reduce the price of both put and call options. The longer...
WHEAT General Comments: Wheat closed lower on more selling related to forecasts for increased chances for precipitation over the next couple of weeks. The export sales report was strong, but wire reports...
Lower is lower. Lower is also bearish.
Daily Charts - Seasonal Top
Have the grain markets found a bottom? These are a few things we are looking at to round out the week.
The market is gearing up for round three of the great debate with the blowhards or in Chicago as we say why we call it the Windy City. I anticipate another stall or as the U.S. Marines motto besides Semper...
Lots of Charts
Demand for ships moving soybeans from Brazil and Argentina to Asian ports has rapidly moved higher.
Grain markets are mixed as traders even positions going into the weekend. Estimates for next weeks USDA reports, and world supplies remain thefocus. Outside markets continue to monitor Washington for...
Trend is strong