I love creating sayings that drive home truths in technical analysis. One of my favorites has always been:
“First test good,
second okay,
third go the other way.”
So,… more
Grains
Since the May 7th high at $6.38/bu., CME Group December 2021 Corn futures have been trading in a sideways albeit large trading range with the $6.10-$6.38 area as resistance and $5.00-$5.15 area as… more
Prices for the actively traded July 2021 CME Group soybean oil futures reached all-time new highs in recent trading sessions (see Figure 1), spurred by increasing demand from the biofuels industry… more
We are now in the heart of the planting season for the 2021 crop year. Last April, prices were languishing at lows. Nearby CBOT corn futures traded to a low of $3.0025 per bushel. Soybean futures… more
Over the past few months there’s been an increasing buzz about commodity prices… grains, crude oil, industrial and precious metals have all broken to the upside and one of the most uttered phrases… more
In August 2020, the US Federal Reserve made a not-so-subtle change to its inflation policy. The world’s leading central bank shifted from a 2% target to an average of a 2% target for the economic… more
Most commercial hedgers begin their analysis and hedge decisions with a look at the long-term trend and this means a monthly continuation chart (aka rolling front-month futures chart). As of… more
The end of the summer is the start of the harvest season in the grain markets. The United States is the world’s leading producer and exporter of corn and soybeans, and a leading producer of wheat… more
This Microsoft Excel® dashboard scans the options on soybeans, wheat, and corn (Globex) futures markets for volume. It displays strikes ranked by the volume traded for each expiry listed… more
The 2012 drought sent grain prices to dizzying heights. Soybeans reached almost $18 while corn traded to highs of almost $8.50 and wheat moved above $9.45 per bushel. Since then, grain prices… more