Technically Speaking

On Monday, December corn appears to be headed for a fifth straight lower close. While Dec appears to still be in a bullish trend right ahead of heavy harvest activity, will it last?

A look at the grain futures ahead of Monday's 11 a.m. CDT WASDE report.

Despite numerous concerns about rising interest rates, the stock market and talk of recession, cattle and feeder prices look bullish at the moment, but I can't say the same for hogs.

For the third time since the last week in July, December corn futures gapped higher, with each of those gaps yet to be filled.

A look at energy markets.

Speculative fears about outside markets caused traders to dump soybean positions in late June and early July, but soy complex prices have rallied impressively since, gaining back lost ground.

The December corn chart has given us few hints as to where it is headed. Since the first of July, the contract has been moving mostly sideways in a wide range. On Friday, the USDA August report will be released and could send corn futures one way or the other from the July...

A look at uptrends in the livestock futures markets.

With inflation raging and the Federal Reserve pretty much telegraphing a late-July move to raise the Fed funds rate by another 75 basis points or more, the U.S. Dollar Index has been surging, matching a 20-year high at the end of last week. Could it have gone far enough for...

A look at crude oil, the U.S. Dollar Index and the Bloomberg Commodity Index.

The upward push in corn and wheat prices that has been going on since the fall of 2020 came to an abrupt end in June, largely influenced by investor fears about the economy.

August soybean meal futures appear to be trading within a descending triangle chart pattern suggesting that a solid break and close under $400 would be bearish. On the other hand, a rally and close above $420 would negate the bearish pattern.

A technical look at livestock futures charts.

As AAA's national average diesel price hit a new record high of $5.77 Sunday, palm oil prices are showing signs of a possible top, offering conflicting signals for soybean oil prices.

Corn futures have plunged in the past week, along with wheat, sending spot July corn futures down over 50 cents last week and $1.00 per bushel lower just since early May. Some of the pressure resulted from an increase in planting, beneficial rains in the Corn Belt, and the...

A look at the U.S. dollar and crude oil, plus the Bloomberg Commodity Index.

Speculator selling briefly took July hogs below $100, but it looks like packer demand responded quickly to help prices regain support.

Over the weekend, more bad news emerged for world wheat markets. Just days after USDA projected India wheat production to be nearly record high and India wheat exports to reach a record high 8.5 mmt (312 mb), India chose to ban all wheat exports beginning in July. The net...

Minneapolis wheat has recovered 50% of the selloff from all-time highs in 2008.

Despite adverse weather and war in Ukraine, winter wheat prices are starting to show bearish concerns.