Below you'll find a list of all posts from January, 2018
A couple observations. The markets rally, participants get bullish. The market breaks, participants get bearish. The crowd is usually wrong. The articles I am reading all want a bull story in beans. This in my opinion makes little sense. Now, that doesn’t mean we won’t rally. The funds are short and if they cover we will head higher. The question I …
Live Cattle The April Live Cattle retraced most of Thursday’s losses on Friday January 28, 2018. It traded past resistance at 124.70 but ended the session just slightly below at 124.60. This will be the key to trade on Monday, in my opinion. Trading above here could lead to a test of resistance at 125.50. Continuing from here could see …
Soy Complex Both beans and meal exhibited some back and fill the last two sessions of this week but nevertheless finished higher on the week. Since the Jan 12th crop report beans rallied from low to high 57 cents, while meal rallied 38.5 handles or short tons before profit taking occurred. March beans settled at 9.85 while March soy meal …
Lets start with the dollar. $ There exists today a global battle for currency supremacy. The US has for a very long time controlled pricing, controlled deals, and actually has their hand in much global trade due to the fact all commodities are priced in US currency. Today as some of these countries gain more power they question why they should …
The Soy was trudging along higher today based on weather outlook. The new crop bean, November, have reached my target range 10.10 to 10.20. The latter not reached today. The meal was the early strength of the products. The concern there is with a 52 million mmt crop in Argentina the crush will suffer and the meal exports will suffer. …
March Copper Futures I wrote an article last week discussing my views on the copper market. I stand by what I said in stating that this copper run stemming from the lows in early 2016 is close to running its course. That being said I believe it has one more gasp higher before the luster wears off. Today’s …
Daily Gold Commentary January 24, 2018 The U.S dollar tanked this morning after U.S. Treasury Secretary Steven Mnuchin said that a weaker U.S. Dollar is good for trade and is not concerned about it over the short term. This is now the worst start to the year for the dollar since 1987 giving strength to precious metals. U.S. existing home …
There may be a significant shift going on with respect to the CORN BEAN relationship. Looking at Corn first, I indicated yesterday we may be putting a low in the market at present. The reasons are compelling and just being realized. The Southern hemisphere between Brazil and Argentina are experiencing crop losses. To the approximate tune of 11 million tons …
March Corn Futures The corn futures have painfully languished near the lower end of the range stemming from the 12 cents slip in the early part of last November. The historical volatility of the corn market rests near a three decade low. I have employed time cycle analysis to its long term price charts and it has suggested …
I have been fielding a lot of calls lately asking my opinion on corn and if its ready for an upside breakout or a new leg lower. For the better part of two months the market has traded in a 15 cent range from low to high, but in reality the range been has within 10 cents. Those anticipating or …