| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 211.50 +2.84% on 05/31/23 | | 233.00 -6.65% on 05/08/23 | -14.75 (-6.35%) since 05/05/23 |
| 3-Month | 211.50 +2.84% on 05/31/23 | | 262.00 -16.98% on 03/06/23 | -45.50 (-17.30%) since 03/03/23 |
| 52-Week | 211.50 +2.84% on 05/31/23 | | 310.00 -29.84% on 11/01/22 | -52.50 (-19.44%) since 06/03/22 |
Weather will dominate price action for the foreseeable future. Let's take a look at that and the other fundamental factors at play as we roll into the production season...
July soybeans traded in an 84 1/2 cent range last week. Trading to their lowest levels since January 2022, but rebounding to post the highest closing price since May 16th. For the week, July beans were...
This week I will highlight a Chicago Wheat calendar spread that was published in the SpreadEdge Newsletter this past weekend.
Educational and Actionable Information using Fibonacci and W.D. Gann Analysis
Wheat harvest started in TX & OK
A closer look at the chart, how funds are positioned, seasonal tendencies, and weather outlooks.
July SRW wheat saw a wide 20 cent range on Friday from -8 to +12 cents. At the close the board was 8 to 9 cents higher with July at a net 3c gain for the week. Front month HRW futures ended the session...
Most ag markets saw strength into the weekend, though meal futures were down $1.70 to $3.60 for the settle. July soymeal was down a net $4.40 for the week. Soybean prices ended the session with double...
After a highly contested week the corn market finished in the black. Aided by double digit gains on Friday, July was up a nickel for the week and Dec up by 6 3/4 cents from Friday to Friday. USDA cited...
The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XBX23 | 217.50 | +1.00 |
| Corn | ||
| ZCN23 | 605-6 | -3-2 |
| Corn | ||
| ZSN23 | 1348-4 | -4-0 |
| Soybean | ||
| ZMN23 | 397.8 | unch |
| Soybean Meal | ||
| ZLN23 | 49.21 | -0.29 |
| Soybean Oil | ||
| ZWN23 | 619-4 | +0-4 |
| Wheat | ||
| KEN23 | 814-6 | +2-4 |
| Hard Red Wheat | ||
| MWN23 | 810-6 | +3-0 |
| Spring Wheat | ||
| ZON23 | 340-4 | +3-0 |
| Oats | ||
| ZRU23 | 15.070 | +0.035 |
| Rough Rice | ||
| RSX23 | 637.00 | -0.60 |
| Canola | ||
| 3rd Resistance Point | 222.00 |
| 2nd Resistance Point | 219.50 |
| 1st Resistance Point | 218.00 |
| Last Price | 217.50 |
| 1st Support Level | 214.00 |
| 2nd Support Level | 211.50 |
| 3rd Support Level | 210.00 |
| 52-Week High | 310.00 |
| Fibonacci 61.8% | 272.37 |
| Fibonacci 50% | 260.75 |
| Fibonacci 38.2% | 249.13 |
| Last Price | 217.50 |
| 52-Week Low | 211.50 |
