Possible bottom at hand
The tide has turned
July 3, 2020 Jim Roemer's Holiday Weekend Update
Raw Sugar (SB) edged higher yesterday, gaining for a 4th straight day, and closing above the psychologically key .12 whole figure level. Significantly, SB appears to be continuing a Bull Flag (on the daily...
This week's Independence Day special looks at the explosive corn, cocoa & gold markets.
As the world, especially in the United States, sees an increase in Covid cases some commodity prices are weakening.
DJ UN FAO: Food Prices Rise for First Time This Year By Will Horner Global food prices rose in June for the first [...]
July 1, 2020 Jim Roemer's commodity opinion
Seesaw markets continue
Cotton has broken out
COTTON General Comments Cotton closed higher as USDA reduced planted area estimates to about 12 million acres. Low prices and demand fears kept farmers [...]
Cattle markets can't hold rally and Hogs continue to consolidate
COTTON General Comments Cotton closed mostly a little higher as bad growing conditions continued in West Texas. USDA showed slightly improved crop conditions in [...]
Markets recover off lows
Hogs crash on bearish Hogs and Pigs, Cattle naps
Looking to break out soon...
June 25, 2020 Jim Roemer's commodity opinion
Cocoa (CC) surged almost 3.5% higher (on the continuous contract) yesterday, closing above downchannel resistance (on the 4hr chart). Significantly, CC has decisively bounced off near the 2020 low, with...
COTTON General Comments Cotton closed mostly a little lower as bad growing conditions continued in West Texas. USDA showed the deteriorating crop conditions in [...]
Markets consolidate as outside markets fall