We appear to be witnessing a minor reversal of fortunes as we begin this final week of June with corn and beans tracking just a bit firmer and wheat moving in the other direction. While this could be little...
COTTON General Comments: Cotton was a little higher on Friday, but sharply lower for the week. Futures held Support areas on the charts, but not much more. It looks like a new leg down is possible and...
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Bulls have the solid overall near-term technical advantage amid price uptrend in place. No early clues of market top being close at hand.
Futures are higher in spite of a report that showed U.S. durable goods orders, which are products designed to last at least three years, fell 1.1% in May for a second month.
S&P 500 index gained 0.2% on Friday, as it continued to fluctuate relatively close to Monday's record high. Will the uptrend continue? Or is this some topping pattern before downward reversal?
The Kansas Wheat Harvest Reports after 10 days of harvesting looking at positive signs with yields so far which did pressure the Wheat market in the overnight electronic session. Soybeans, Meal and Soybean...
The EUR/JPY cross has been able to maintain the bullish bias it started on June 15. Price tested the demand zone at 123.50, and then was able to
The pair is now see a move higher with more strength envisaged
Good morning friends! Corn (N17) 360’2 +2’4 Soybeans (N17) 910’2 +5’6 Chi Wheat (N17) 453’4 -6’2 KC Wheat (N17) 457’4 -6’6 Cotton (Z17) 66.83 -.19 Good morning friends!...
Oil prices are bouncing back as the selling is drying up and so is the investment in the shale oil patch. Net longs for oil have reached a low for the year and reports of a pullback in investment in shale...
Grain markets are mixed with corn and soybeans higher wheat lower. Last week’s change in fund positions is weighing on wheat. Stock indices are recovering from last Friday’s decline.
On Friday the Dow dropped fractionally while the other indices gained ground. Will we see a more definitive move today? Read on to learn more...
With the pair seeing rejecting lower prices to close higher the past week, further bullishness is likely.
Today's Commentary
Corn futures are trading mostly 2 cents higher this morning. They ended Friday with losses of 3 1/4 to 5 1/2 cents, with July down 6.84% Friday/Friday. The late Friday Commitment of traders report showed spec funds adding back 35,896 contracts to t...
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Alan Brugler writes this daily agricultural markets overview with opening, midday and closing comments directed at the gain and meat Ag markets.