One month ago corn was flirting with overbought. Today the RSI sits near 25 — the most oversold we've seen in years. Managed Money bolted for the exits, momentum and algos piled on, and risk desks tapped...
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Most traders focus on price charts. Spread traders should focus on forward curves. The shape of the forward curve reveals how the market values time, provides clues about carry, risk, and opportunity,...
Soybeans faced more weakness to close out the week, as contracts were down 2 to 8 cents on Friday. The weekly move for July was down 65 1/4 cents, with November down 52 ½ cents. The cmdtyView national...
Corn futures saw continued long liquidation heading onto the weekend, with contacts down another 2 ¼ to 7 cents. July was down 29 ½ cents (-45 cents in 2 weeks), with December falling 29 cents. A wetter...
The wheat complex saw continued weakness on Friday, though a few contracts did end higher. Chicago SRW futures were 1 ¾ to 6 cents in the red on the day, as July fell 30 ½ cents on the week. KC HRW futures...
I have no idea what the next most probable move will be in price for fats or feeders in the futures market.
It was a rough week for row crops and a strong one for cattle. Corn plunged to fresh contract lows with little to slow the slide, soybeans broke key support and opened the door to deeper losses, and wheat...
Wars aren’t good for ag markets, and screw worms are living up to their name.