SK21:CK21 Convergence:Divergence
There is, and has been, a troubling formation in the SK21. Note how the 10, 20, 50-day moving average lines are converging between 1403...
WASDE report, as feared!
As feared, today’s WASDE report lowered US soy exports by 160 million bushels and even though it reduced production now reflects a...
Soybeans, Contract Lows to be Tested.
In previous weeks I’ve written about the idea that seasonal lows in soybeans were likely formed on September 18th. The continued export...
No Sales Warranted
The past week has been marked with mostly bad news for Ag commodities causing values to slip. Slumping export sales continued stories of...
Export Demand Destruction and the E15 "Nothingburger"
Many analysts are beginning to speculate about the long-term damage that the current trade war will have on Ag commodities specifically...
8 Weeks up, 8 days down
It took about 8 weeks for May and December corn contracts to gain 40 cents per bushel and 8 days to give back half of that gain. Both...
March Corn Recovering
The march corn chart (4 hour period) below high lights the price drop we saw on Monday and subsequent recovery we have seen since. That...
Corn, Wheat Offer Glimmer of Hope
March corn once again traded 354 this week matching last week’s high and is currently trading lower at around 352. Momentum indicators...
Corn Is Cheap, but..
December corn is fundamentally weak and holds the potential of a significant break lower if USDA increases the national average yield in...
Wheat "Anchors" Market
Even though we penetrated the contract low in December corn last Thursday support of 344 has held and the contract is now tracking the 20...
