Technically Speaking

Despite adverse weather and war in Ukraine, winter wheat prices are starting to show bearish concerns.

Just one trading day removed from reaching an all-time high price, active July bean oil futures plunged early Monday. Clarification from Indonesia regarding last week's announced ban on palm oil exports, along with a plunging crude oil market on more COVID-19 worries in China, has...

A look at June live cattle, May feeder cattle and June lean hog futures.

With early planting underway, we look at three new-crop futures prices.

Chicago and Kansas City wheat both may have gone far enough lower for the short-term. Chicago spot May wheat futures, just since March 8, had fallen as much as $3.72 from the high on early Monday, and $3.90 per bushel from the March 8 high as of late last week. While U.S...

A technical discussion of the daily charts of the three U.S. wheat futures.

A look at the soybean complex.

Spot crude oil futures have been on a volatile ride of late, tied closely to the back-and-forth situation in Russia. Since surging to a high of over $130 per barrel just six days ago, April crude slipped all the way under $101 per barrel early Monday and remains $8 lower as I...

A technical discussion of the weekly charts of June cattle and hog prices, as well as April feeder cattle.

Volatile trade has been the name of the game in grains of late, and corn has been no exception.

New-crop November soybeans are on a roll. Just in the past 20 trading days, November has rallied close to $2 per bushel and closed higher 16 of those 20 days. Soybean fundamentals are bullish and have the potential to become even more bullish. Nothing goes straight up, but who...

A technical discussion of the weekly charts of April hogs, April live cattle and March feeder cattle.

A look at March soybean futures and soy products.

It seems soybeans have been making new contract highs daily. Much of the rise is weather-driven and traders assume U.S. soybeans will capture a lot of the demand that may be displaced by South American crop losses. However, soybean futures appear to have reached very...

March corn prices showed signs of topping in early January, but then got another bullish boost from increased concerns about Russia and rising oil prices.

A look at livestock futures.

Minneapolis wheat futures likely overdone to the downside, due for a bounce.

It is widely known U.S. wheat supplies are at their lowest levels in eight years, but that didn't keep prices from taking a dive at the end of 2021.

March soybeans, since breaking out of a symmetrical triangle chart formation, are on an eight-day winning streak and headed for a ninth. March futures have rallied $1.14 per bushel from the low just eight days ago. Although the extent of this rally is likely dependent on South...

A look at livestock futures ahead of what may be a slow trading holiday week.