Market News & Insights

Corn Futures Outlook: Weighing Brazil’s Record Production

May corn futures for 2017 moved sharply lower this week, closing down 16 ½-cents per bushel week-on-week, finishing on Friday (3/10) at $3.64 ¼. Friday’s close was disappointing for Corn Bulls with May corn futures unable to hold the 100-day moving average at $3.673. May corn futures had not closed…

Market Update: Federal Reserve Signals March Rate Hike

The S&P 500 Index (INDEXSP:.INX) rallied for the sixth week in a row and the Dow Industrials crossed the 21000 level for the first time last week. Stronger-than-anticipated economic data and a 15-year high in consumer confidence helped spark the gains in the blue-chip averages. The fact that the economy…

U.S. Corn Futures Weekly Market Outlook – March 5

May corn futures moved higher this week, closing up 10-cents per bushel week-on-week, finishing on Friday (March 3) at $3.80 ¾. On Tuesday, May corn futures took a run at the recent 2017 day high of $3.87 ¼; coming within a penny. However ultimately the buy paper hesitated and corn…

U.S. Corn Futures Weekly Review: 2017 USDA Ag Outlook

March corn futures moved lower last week, closing down 4 ¼-cents per bushel week-on-week, finishing on Friday (2/24) at $3.64. March corn futures are now 16-cents per bushel removed from the prior week’s day high of $3.80 (2/16). Friday’s March Corn futures (CH7) close was below both the 35 and…

Foreign Trade Is THE Canary In The Coal Mine

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…

Market Update: Adjusting To The New Economic Climate

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…

Crude Oil Technical Update: Market Bulls Face Hurdles

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…

“Fed Up” Book Review: Taking A Look Behind The Curtain

Danielle DiMartino Booth, a former Dallas Federal Reserve official, released a new book this week entitled Fed Up. The book, a first-person account of the inner-workings of the Federal Reserve (Fed), provides readers with unique insight into the operations, leadership, and mentality of what is unquestionably the world’s most powerful…

U.S. Corn Futures Weekly Outlook: Is The Rally On?

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…

3 COT Report Charts For Commodities Traders (Feb 3)

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…