Quick reversals in momentum suggest diesel and gasoline prices may be poised to trade higher.
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.
A technical look at November soybeans and December corn.
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