The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 21, 2024 January Soybeans When I wrote about Soybeans last week, I was still very much in the bullish camp. I don’t think I’m bullish anymore. Today’s close of 9.77 ¾ is the lowest close since August 16th. That day was …
PER-THANKSGIVING Chart Outlook
Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs? My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …
CORN, spread, CATTLE spanking Fri look
Just levels tonight. Beans held, holding orange line support, this level held two years ago bean producers. I think we trade bumper crop up here in Chicago. It’s great everywhere. I was always a pit bull until I came to my senses. Levels good for next week, watch them but do not trade off them unless you know what they …