Technically Speaking

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.

Just one trading day removed from reaching an all-time high price, active July bean oil futures plunged early Monday. Clarification from Indonesia regarding last week's announced ban on palm oil exports, along with a plunging crude oil market on more COVID-19 worries in China, has...

A look at June live cattle, May feeder cattle and June lean hog futures.

With early planting underway, we look at three new-crop futures prices.

Chicago and Kansas City wheat both may have gone far enough lower for the short-term. Chicago spot May wheat futures, just since March 8, had fallen as much as $3.72 from the high on early Monday, and $3.90 per bushel from the March 8 high as of late last week. While U.S...

A technical discussion of the daily charts of the three U.S. wheat futures.

A look at the soybean complex.

Spot crude oil futures have been on a volatile ride of late, tied closely to the back-and-forth situation in Russia. Since surging to a high of over $130 per barrel just six days ago, April crude slipped all the way under $101 per barrel early Monday and remains $8 lower as I...

A technical discussion of the weekly charts of June cattle and hog prices, as well as April feeder cattle.

Volatile trade has been the name of the game in grains of late, and corn has been no exception.

New-crop November soybeans are on a roll. Just in the past 20 trading days, November has rallied close to $2 per bushel and closed higher 16 of those 20 days. Soybean fundamentals are bullish and have the potential to become even more bullish. Nothing goes straight up, but who...

A technical discussion of the weekly charts of April hogs, April live cattle and March feeder cattle.

A look at March soybean futures and soy products.

It seems soybeans have been making new contract highs daily. Much of the rise is weather-driven and traders assume U.S. soybeans will capture a lot of the demand that may be displaced by South American crop losses. However, soybean futures appear to have reached very...

March corn prices showed signs of topping in early January, but then got another bullish boost from increased concerns about Russia and rising oil prices.

A look at livestock futures.

Minneapolis wheat futures likely overdone to the downside, due for a bounce.