While obviously a sharp discount to spot March corn futures, new-crop December is within 6 to 7 cents of major down-trend resistance, with more substantial interest just above that.
While obviously a sharp discount to spot March corn futures, new-crop December is within 6 to 7 cents of major down-trend resistance, with more substantial interest just above that.
Last week's cattle inventory report from USDA gave cattle futures a boost, while lean hog prices showed signs of finding support from the recent bearish woes.
The corn market has been up and down, but still in a minor uptrend, as traders determine how much Argentine corn could actually be lost.
A bearish turn in March soybean meal gets our attention again this week, along with recent moves in soybean oil and KC wheat.
The soybean meal market has been rallying in the past few months, setting new contract highs along the way, and overcoming some bearish chart signals.
A technical look at the March contracts of corn, ethanol and gasoline.
The soybean market has been in a bullish trend, with March futures having rallied nearly $1.50 per bushel since mid-October. Driven by the best crushing margins in history, and first a dynamic rally in soybean oil, followed by an even more impressive and meteoric rise in soybean...
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