| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 4,701 +6.34% on 10/19/22 | | 5,150 -2.93% on 11/14/22 | -46 (-0.91%) since 10/14/22 |
| 3-Month | 3,926 +27.33% on 08/16/22 | | 5,150 -2.93% on 11/14/22 | +997 (+24.91%) since 08/12/22 |
In Jim's video, he details the role that teleconnections play in global grain weather. In addition, he addresses seasonal probabilities at this stage of the current crop.
Cattle Rallies in Front of COF Report
The front month wheat futures ended the day firmer following Thursday’s drop. Chicago prices were up 3 ¾ to 5 cents into the weekend, as Dec ended a net 24 ¾ cents lower wk/wk. KC wheats settled fractionally...
Corn futures ended the day back near their highs with 2 to 2 ¾ cent gains through the front months. December printed a 4 ¼ cent range for the day, and closed with a net penny gain for the week. The...
The soy market settled the last trade day of the week mixed with beans and soy oil higher to lower meal. The November soybean contract was 2 ½ cents higher at the close, but still under the $13 mark....
In my opinion, a shift was felt in the financial and commodity markets this week. As the Fed is tasked with lowering inflation, and rates believed the main tool of impact, the most recent bout of inflation...
The front month wheat futures market is trading in the black, but off the session highs. Chicago SRW futures are currently 2 to 3 cents higher, though Dec is 4 ½ cents off the high and trading mid-range....
Soybeans are still trading in the black through midday, but the front months have faded back from their earlier recovery. November dropped 6 cents from the session high and is now back below the $13 mark....
Midday corn prices are firm for Friday with the board working fractionally on either side of UNCH. USDA’s National Weekly Ethanol report had cash ethanol prices mostly 7 to 10c higher for the week from...
Jim's video explains the role that teleconnections play in global grain weather. He also addresses the seasonal probability factors at play.
The Barchart Trading Guide is a Buy Signal with a Average Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XUX22 | 4,999s | -69 |
| DCE Soy Meal Nov '22 | ||
| XUF24 | 3,941s | -19 |
| DCE Soy Meal | ||
| ZCZ23 | 477-2s | +2-0 |
| Corn | ||
| ZSX23 | 1296-2s | +2-4 |
| Soybean | ||
| ZMZ23 | 385.8s | -2.3 |
| Soybean Meal | ||
| ZLZ23 | 59.62s | +1.22 |
| Soybean Oil | ||
| ZWZ23 | 579-4s | +3-6 |
| Wheat | ||
| KEZ23 | 711-2s | +0-6 |
| Hard Red Wheat | ||
| MWZ23 | 770-4s | +3-0 |
| Spring Wheat | ||
| ZOZ23 | 424-6s | +5-6 |
| Oats | ||
| ZRX23 | 15.825s | +0.030 |
| Rough Rice | ||
| RSX23 | 722.00s | -3.30 |
| Canola | ||
| 3rd Resistance Point | 5,275 |
| 2nd Resistance Point | 5,212 |
| 1st Resistance Point | 5,106 |
| Last Price | 4,999s |
| 1st Support Level | 4,937 |
| 2nd Support Level | 4,874 |
| 3rd Support Level | 4,768 |
| 52-Week High | 5,150 |
| Last Price | 4,999s |
| Fibonacci 61.8% | 4,345 |
| Fibonacci 50% | 4,097 |
| Fibonacci 38.2% | 3,848 |
| 52-Week Low | 3,043 |
