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