Technically Speaking

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...

A technical look at the February contracts of three U.S. energy prices.

The January soybean pattern below is a symmetrical triangle, with the market undecided on which way this pattern will evolve. Typically, the pattern is a continuation pattern in the prevailing trend, which in this case would be inclined to resolve to the upside. However, there are...

We are seeing mixed trends in livestock charts.

As wheat has melted down and corn export sales remain dismal, corn futures appear to have convincingly broken out to the downside after trading in a 30-cent range in the past 16 days. The next target for March appears to be the open chart gap at $6.38 with solid support...

A technical look at January energy futures.

A technical look at the March contracts of the top three U.S. wheats.

Soybean oil, along with other major vA smaller-than-expected gain in October consumer prices sent specs fleeing from the U.S. dollar and back into stocks, at least temporarily -- encouraging short-term news for U.S. crop prices.

Soybean oil, along with other major vegetable oil markets, has recently made big gains. While the fundamentals remain solid and mostly bullish, it appears further gains could be questionable. The bean oil market appears to be very overbought, while managed money funds are now the...