Agriculture

US Corn Weekly Outlook: Prices Fall As Dollar Surges

The corn market was reduced to a standing eight count last Monday and Tuesday. Over that 2-day stretch, December corn futures closed down a combined 40-cents per bushel. The summer corn rally gave way to strong selling pressure last week. This was likely attributed to two key price drivers: A…

Soybean Meal Rally Stalls: Trading Bias Shifts To Downside

Soybean Meal has rallied roughly 70% off it year-to-date lows, as Agricultural commodities are back in vogue. The current weight of the evidence however, suggests that the tactical bias in Soybean Meal has shifted from bullish to neutral / bearish. In short, that means that the soybean meal rally is…

Soybeans Top Signal Means Trade Likely Over

With the soybeans complex on a screamer rally, I wanted to point out a very important signal that popped up on my radar last week. And why it may mean that a soybeans top is in or nearing. An ExtremeHurst weekly top extension has recorded on soybeans (see my other articles…

U.S. Corn And Soybeans Update: 2016 Price Forecasting

Corn and Soybean summary for the week ending 5/20/2016: It was another week of largely sideways to slightly higher price action in corn futures with soybeans closing slightly lower. December corn futures closed up 1 ½-cents per bushel week-on-week, finishing on Friday at $3.99 ¾ per bushel. November soybean futures…

Grain Trade: Soybeans BreakOut Points To Higher Prices

Unlike an Apple’s quarterly revenue miss or a hedge fund activist tussle with a struggling multi-national corporation, business coverage on one of the world’s most important crops, soybeans, tends to be neglected in favor of a tech IPO or predictions of the next Fed Funds rate hike. Developments in the agricultural markets…

U.S. Corn Weekly Outlook: Price Volatility Set To Continue

The tug of war between bulls and bears in the corn and soybean market continued this week with the focus almost entirely on South American weather developments. And how this might affect the corn crop and soybean crop. Regarding Argentina’s soybean crop, the magnitude of the bushels lost due to extensive…

US Corn Weekly Review: Remembering $7 Corn Prices

For this self-avowed corn trader of nearly 16-years, the last 20-months in this barren wasteland of a market have been anything but prolific. Nearly every trading session has left me with the uninvited, yet distinct aftertaste of utter indifference. The corn market has read like a 21st century rendering of Milton’s…

Tactical Breakout In Soybean Meal Underway

In the Soybean Meal market, commercial hedgers are maintaining their largest net long position in history. This, combined with public sentiment sitting near multi-year lows and March being the second strongest period of the year, suggest higher prices may be ahead for Soybean Meal. Structurally, Soybean Meal peaked in late…

Coffee Futures Update: Big Rally Coming If Lows Hold

If you follow coffee futures, you know that it has been a frustrating year. Rallies have been stifled and price has fallen in a descending channel. In short, it’s be a grind lately. But there may be some good news on the horizon… IF the lows hold. You can see…

Corn Futures Weekly: Inside The National Ethanol Conference

I spent the early part of this week at the 2016 National Ethanol Conference in New Orleans. All anyone had to do was take one quick glance at the list of attendees to notice the immediate and inseparable link between ethanol and corn. I’ve noted in previous columns that nearly…