Global Markets

U.S. Corn Futures Weekly Outlook: Into Price Resistance

March corn futures closed up 5 1/2-cents per bushel week-on-week, finishing at $3.67 ½. Corn bulls will look to extend the near-term rally but overhead price resistance looms (3.69 / 3.75). A strong move above 3.75 could put 4 dollar corn back on the radar. Let’s review the latest news,…

Chinese Market Concerns? 3 Charts To Watch

The latest official PMI data out of China showed a slowing of momentum in the manufacturing sector (51.3 in January vs 51.6 in Dec and a peak of 52.4 in Sep 17), while non-manufacturing improved further (55.3 vs 55 in Dec). The improvement in non-manfacturing was largely a services story,…

Global Markets Rally In Face Of Tightening Central Banks

The stock market continues to celebrate tax reform, as corporations are starting to release improved earnings due to reduced tax bills. The financial markets are hungrily anticipating and receiving share buybacks to accompany improved earnings. But at the same time, central banks are shifting into slowdown mode. The Federal Reserve…

Corn Futures Weekly Trading Outlook: Relief Rally

U.S. March corn futures are showing some signs of life… but is this simply a relief bounce from oversold conditions? Prices rose last week, giving bulls some breathing room. But they will need to change the fundamental picture for an rally to have staying power. Let’s discuss what’s happening in…

U.S. Corn Futures Weekly Outlook: Navigating The Maze

The past week saw a nice trading bounce in December Corn Futures… but the range is intact until it isn’t. Below is a recap of the trading action and what’s to come this week. U.S. Corn Futures Weekly Highlights & Insights: Monday’s Weekly Crop Progress report showed the U.S. corn…

U.S. Corn Futures Trading Outlook & Market Insights – October 9

WEEKLY HIGHLIGHTS: With the October 12 Crop Production report quickly approaching, a number of notable private analysts started offering their October U.S. corn yield estimates this week. FCStone in particular revised its October U.S. corn yield forecast to 169.2 bushels per acre with total production of 14.129 billion bushels. This compares…

Is The Bond Market Wrong About The Global Economy?

The September round of flash manufacturing PMIs saw our composite “global flash PMI” rising +0.4pts to 54.7 – the same level it got to in January before ranging as low as 53.9. Looking at the breakdown, all 3 major components were up in September: Eurozone +0.8 to 58.2 USA +0.2…

Economic Chart Spotlight: Global Monetary Policy Converges

The big focus this week is on whether the Fed will either hike rates, announce Quantitative Tighening (QT) aka balance sheet normalization, do both, or do nothing…. but a bigger set of trends are playing out at a global level in the monetary policy space. The key chart in this article came…

U.S. Corn Futures Weekly Outlook: Stocks, Yields In Focus

December corn futures closed UP 1 ½-cents per bushel week-on-week, finishing at $3.56 ¾ on Friday. Corn bulls continue to defend the $3.50 price support area. But they are in need of a script-altering catalyst if prices are to sustain any rally attempt. Fundamentally, the corn market remains mixed. WEEKLY…

Macro Market Commentary: Faith Trumps Fear

With every market-moving tweet, promise, provocation and policy proposal, President Trump has changed the investing and trading landscape. Finance Twitter is but a petri dish of sentiment representing what’s happening beyond the stream. And clearly it is lit up with arguments–sometimes loud, angry, fact-maligning rants–for and against the POTUS and his…