May corn futures moved higher this week, closing up 11 ½-cents per bushel week-on-week, finishing on Thursday (4/13) at $3.71. Corn futures managed to build on Monday’s 7 ½-cents higher close throughout the week despite what was initially viewed as a potentially Bearish April WASDE report released on 4/11. APRIL…
This post was written by Derek Benedet and Craig Basinger of Richardson GMP. Behavioral Finance combines behavioral and cognitive psychology theory with conventional economics and finance. Essentially it attempts to account or add the “human” element into understanding how the markets behave. While still a relative new area, it has…
Summary: Although the US major stock markets are at or near all-time highs, the economic data signals continued US and global growth. My viewpoint is that we are still in the early stages of what could be a multi-year growth cycle. Here’s some detail on my thought process: If you…
Equity markets continue to move higher on the hopes of fiscal stimulus in the U.S. But the pressure is on… Analysts are increasingly divided into bearish and bullish camps, as the politicians must now deliver on their promises to avoid disappointing the stock market. Stocks & Bonds Looking at the…
How Donald Trump’s protectionist trade policies (whether tariffs/border adjustment taxes) impact the US economy is really not well understood. And therefore they are hard to realistically value, especially since there is so much at stake and so many disparate stakeholders. We can thus far assume this: Although the proposal for…
Each money manager and/or investor has a process that helps them determine when, how and how much to invest. The process that I use starts by looking at whether the United States and/or global economy is expanding or contracting. In other words, I first try to determine whether the global…
There’s been very little change in the outlook for crude oil over the past week. Fundamental and technical hurdles remain but from a price perspective, traders are awaiting a major “break” in either direction. Crude Oil Technical Picture West Texas crude oil (WTI) is trading just above $53 per barrel, as it…
March corn futures moved higher this week, closing up 9 ¼-cents per bushel week-on-week, finishing Friday (2/10) at $3.75 ½. March corn futures (CH7) closed at its highest level since July 13th, 2016. The big question now: Can the rally continue? WEEKLY MARKET HIGHLIGHTS U.S. Ethanol Stocks Continue to Climb: In…
The following is a recap of the February 3 Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of January 31. Note that the change in COT report data is week-over-week. Excerpts of this…
March corn futures moved lower this week, closing down 7 ¼-cents per bushel week-on-week, finishing on Friday (1/27) at $3.62 ½. CH7 showed an inability to close above key price resistance at the 200-day moving average of $3.693, despite trading above that level Tuesday, and faded as a result Wednesday…