Technical Analysis Blog Posts

COTTON General Comments: Futures moved a little lower in holiday market trading. Volumes are on the wane as Christmas is just around the corner. Indian and Pakistani trade sources continue to suggest that production losses this year will be at least...

The El Nino weather that gave us dry weather when we wanted rain and wet weather when we wanted hot and dry is still holding a grip so far this early winter season and depending on what weather forecaster you listen to they have a computer module tha...

T’was the Last Energy Report before Christmas and there is a big oil glut. And no one is bullish as OPEC refuses to cut. Shale oil producers are deep in despair as the cartel crashes prices to maintain their share. The drillers drilled into limesto...

WHEAT General Comments: Futures moved lower on ideas of weaker world prices. There were reports that Russia was about to scrap its export tax, but nothing so far has been confirmed. Prices showed their weakest performance in several weeks and it coul...

COTTON General Comments: It was a lower day yesterday as China showed weak demand in data released by its customs bureau. Indian and Pakistani trade sources continue to suggest that production losses this year will be at least 30% due to a poor monso...

JAN BEANS The nadir of bearishness occurred on Thur morning when a very strong dollar, a devalued Argentine peso and benign South American weather – all conspired to spike Jan Beans down to the 850 area! But enough is enough as the mkt held key sup...

In the overnight electronic session the March Corn is currently trading at 372 ¼ which is ¼ of a cent higher. The trading range has been 373 to 371 ½. The market is weighing on expectations of the effect of the FED raising Interest Rates albeit ju...

Financials: Mar. Bonds are currently 3 lower at 156’00,10 Yr. Notes 2.5 low at 126’15.5 and 5 Yr. Notes fractionally lower at 118’23. We remain spread long 5 Yr. Notes/short 10 Yr. Notes with a 1:1 ratio. Grains: Mar. Corn is fractionally highe...

Oh, the weather outside is delightful, so no fire inside, that’s frightful.  And since gas prices are low, Let us go! There’s no Snow! There’s no Snow! It doesn’t show signs of stopping, as temperatures keep popping. The heat is turn...

DJ Table of China November Oilseed, Vegoil, Grain Imports Table of Imports by Grain, Oil Type and Origin (All figures in metric tons) Nov Change Jan-Nov Change in Tons on Year in Tons on Year Wheat Total 196,971 +355.13% 2,758,599 -5.65% Australia 76...

COTTON General Comments: Futures in New York rallied on Friday to push prices close to unchanged for the week. US and world export demand seems softer right now. Indian sources are also reporting less export demand and are feeling the loss of the Chi...

As we head into the Christmas holiday break stories in Grains and Energy stories could impact the market in January. In the overnight electronic session the March Corn is currently trading at 375 ¼ which is ¾ of a cent higher. The trading range has...

Financials: Mar. Bonds are currently 1 lower at 156’11, 10 Yr. Notes 1 lower at 126’14.5 and 5 Yr. Notes unchanged at 118’21.0. As everyone knows the Fed raised rates last week by 25 basis points in what appears to be a preemptive hike in antic...

The Pain is Spain will not let Brent crude prices gain. Brent Crude prices hit the lowest level since 2004 as uncertainty over Spain’s election is raising further concerns about European and global demand. Oil prices continue to fall as rig counts...

FOB Gulf Basis Levels-Cents per Bushel Corn HRW SRW Soybeans Soybean Meal Soybean Oil December 47 Mar 94 Mar 40 Mar 65 Jan 17-Jan 200 Jan January 50 Mar 60 Mar 64 Jan February 51 Mar 60 Mar 58 Mar All basis levels are positive unless noted as negativ...

COTTON General Comments: Futures closed a little lower in response to mediocre export sales reports and the super strong US Dollar. The market was adjusting positions for the holidays and due to the uncertain world economic climate. The harvest in th...

WHEAT General Comments: Futures were lower in correction trading. Bearish traders note that world prices remain soft and that world demand is not strong and suggest that lower prices ae coming soon. Reports of a freeze in southern Brazil over the wee...

COTTON General Comments: Futures were mixed in very quiet trading. The crop remains slightly behind the normal development pace. This has been the case all year as the crop got planted late due to the hard Spring conditions in most of Texas and also...

Oil prices are higher for the second day after the American Petroleum Institute reported a sizable 3.13 million barrel drop in crude supply and a large 1.5 million barrel drop in Cushing Oklahoma. That drop in the all -important NYMEX delivery point...

In the overnight electronic session the Grains did an about face. With the December Corn currently trading at 387 which is 3 ½ cents lower. The trading range has been 391 to 386 ½ so far. I believe the Soybean yields will drive the complex higher i...