Technically Speaking

October contracts of live cattle continue to trade near all-time highs, while lean hog prices show signs of turning higher.

In the past 15 trading days, November soybeans have soared $1.28 per bushel on thoughts of declining yield potential.

December corn and December Chicago wheat are both lower so far in 2023 but may be getting close to long-term support.

December corn futures have plunged 91 cents per bushel just since July 24. Granted, timely rains in July and early August have certainly turned around what, at one point, looked to be a potential disaster. But could the market be pricing in too much of a bearish outlook at a...

In the past seven trading days, new-crop November beans have plunged close to $1.17, gapping lower at one point last week. In the past four days, we have seen November trade back-and-forth in a sideways consolidation pattern. Where will soybeans go from here?

With one day left in July, both December corn and November soybeans have encountered resistance at the upper end of their summer ranges.

Minneapolis September wheat, spurred on by recent heat and dryness in spring wheat regions and the escalating port attacks in Ukraine, has broken out above the April high into new ground. However, it appears that there is plenty of resistance just above.

Last summer's rising U.S. dollar and anticipation of higher interest rates pressured grain prices lower but have now changed course. This summer's falling dollar could make traders more friendly again to the long side of grains.

After falling hard in the past 10 to 11 trading days, December corn is flashing conflicting signals. Trying to guess which way the market will go is a tall task.

Even before USDA revealed a lower-than-expected soybean planting estimate on June 30, soybean oil and soybeans were showing unusually bullish behavior.

Chicago July wheat gapped higher last Wednesday and rose above a long-term trendline that dates back to October, and above the 100-day moving average. However, at midmorning Monday the market is acting a bit top-heavy.

Quick reversals in momentum suggest diesel and gasoline prices may be poised to trade higher.

Soybeans and soybean oil have been on a parabolic tear to the upside of late. Granted, there are some weather and fundamental issues, which are valid and have driven these gains. However, short term, both markets have become very overbought, and likely due for a...

For the seven months until the end of May, July soybean oil had been on a downward trajectory. Since May 31, July bean oil has rallied back 10 cents per pound, rising well above the 50-day average.

A technical look at December corn and November soybeans as conditions in the Midwest turn drier.

A technical look at two different price trends in the August contracts of live cattle and lean hogs.

After plunging more than 96 cents last week, July soybeans early Monday had a dramatic turnaround. The day is far from over, but early on July beans are flashing not one but two potential technical reversal signals.

Since May 8, November soybeans have plunged over $1.10 per bushel. Granted, the record Brazilian soy crop is weighing on our market, as well as financial worries and the WASDE projection for a 120-mb rise in U.S. ending stocks. However, there are reasons to believe that the...

Argentina's drought helped July soybean meal prices close higher in a week that was bearish for corn and soybeans.

Since the low that was made just four days ago, Kansas City July wheat has surged over $1.20 per bushel. Although a short-term setback is certainly possible, there are ample reasons as to why the bull run can continue.