Grain markets have been trading very technical through the first half of the week, presenting abundant opportunities for shorter term traders.
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. In its monthly Situation and Outlook Report released today, the United States Department...
The wheat complex posted gains across the three exchanges at the Tuesday close. Chicago SRW contracts were up 4 1/4 to 9 3/4 cents on the day. KC HRW futures were 7 1/2 to 11 3/4 cents higher at the close....
Corn futures closed out the Tuesday session with contracts ¾ ti 2 ¾ cents lower, as July expired 4 cents lower at $4.33 3/4. The CmdtyView national average Cash Corn price was 2 1/4 cents lower at $4.08...
Soybeans closed Tuesday with contracts 1 to 4 cents lower, as July expired with a 5 ¼ cent gains at $12.07 ¼. The cmdtyView national average Cash Bean price was down 3 3/4 cents $11.46. Soymeal futures...
Corn and soybeans slipped back lower while wheat led the charge higher. Where does that put us on the chart into the mid-week trade?
The erosion of price is turning into a deluge. Several contract months gapped lower on the opening.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.