CRB Commodities Index Testing Important Trend Line Resistance
The broad rally in commodities prices has been very strong, taking turns heating up various commodities along the way.
That said, the broad commodities Index,...
Corn Futures Up-Trend Is Your Friend Until…?
New-crop December Corn futures (CZ21) have been on a historic run early in the 2021 calendar year.
CZ21 traded up to a day high of...
Soft Commodities Are Making A Big Move
The pandemic has brought a multitude of supply chain disruptions reaching not only into the tech space, but also into the agricultural space.
Invesco agricultural...
Corn Futures Reverse Lower On February WASDE Report
CORN WASDE REPORT HIGHLIGHTS:
The USDA lowered 2020/21 U.S. corn ending stocks to 1.502 billion bushels, down just 50 million bushels versus January. This compares...
Is $6.00 March Corn Futures a Foregone Conclusion?
Last week’s massive U.S. corn sales to China underscored by Friday’s (1/29) sale of 2.108 MMT, which was the second largest daily sale on record,...
Commodities Bulls: US Dollar Testing Important Support!
A lot has happened in the currency markets over the past year.
And important near-term trends are currently facing some big time long-term trend resistance...
Corn Price Volatility To Continue As Traders Weigh U.S. – China Data
March corn futures traded down to a day low of $4.92 ½ on Monday, a 49-cents per bushel break in just 7-trading sessions versus...
As Corn Futures Prices Surge, Caution Warranted
Today, I share my continued caution to Corn Bulls.
Friday’s Commitment of Traders report showed Managed Money long positions in corn (as of only Tuesday’s...
Corn Futures Market Outlook: USDA In Focus This Week
Once again, grain traders find themselves waiting with bated breath on the USDA's much anticipated January 2021 WASDE and Crop Production reports on Tuesday,...
Corn Futures Rally Fueled By Money and Media Machine
To say the corn market ended 2020 on a “high note” would be a gross understatement considering March 2021 corn futures traded up to...
