History tends to...
Jim Roemer's wheat opinion - April 12, 2021
Old Crop/ New Crop Examined
No New News Prompts Old Crop Soybean Liquidation
Consumers are ready to get out, surge in their discretionary spending, with coffers filled to the brim with stimulus, only to be met with some of the highest meat protein prices in 7 years.
Jim Roemer's commodity opinion - April 12, 2021
The Charts below are natural support and resistance levels that are based on W.D.Gann's "Law of Vibration".
Is the top in?
Soybean (ZS) is under a bit of pressure to start the week after the WASDE Friday, with ZS retesting the psychologically key 1400 whole figure level. Significantly, ZS is arguably breaking the weekly chart...
An downtrend will start as soon, as the market drops below support level 1388, which will be followed by moving down to support level 1366 and 1337
The downtrend may be expected to continue, while market is trading below resistance level 585, which will be followed by reaching support level 551
The uptrend may be expected to continue, while market is trading above support level 624 – 631, which will be followed by reaching resistance level 660 – 677
USDA further tightens corn balance sheet
I believe the stage is nearly set for the next 5 months.
WASDE REPORT FOR 4/9/21
Grain markets surge ahead of tomorrow's USDA report. Cattle futures stall and lean hogs rip!
Will The USDA Support The Corn Rally?
Spring is a notorious time for ENSO (i.e La Nina/El Nino) to go into a rejuvenation phase before reestablishing the true trend. That trend calls for La Nina to come storming back with a vengeance this...
There is not a great deal to discuss.
Oliver Sloup shares his view on the markets ahead of Friday's WASDE report. With U.S. weather concerns, South American harvest in the late innings, and exports as a driver, Oliver puts the most relevant...