Sign inRecent Commentaries tagged (corn)
Grain Market Analysis
May soybeans on Friday closed lower, near the session low, hit a fresh five-week low and closed at a bearish weekly low close. Soybean bears have the near-term technical advantage and gained fresh downside technical momentum late last week. The next downside price objective for the bears is...
Grain Market Analysis
May corn futures closed down 6 1/4 cents at $3.68 3/4 yesterday. Prices closed near the session low yesterday and hit a fresh three-week low. The key outside markets were in a bearish posture for corn yesterday, as the U.S. dollar index was firmer, while crude oil and gold prices were weaker....
Grain Market Analysis
May soybeans on Friday closed slightly higher and nearer the session low. Price action late last week in soybeans produced a bearish downside "breakout" from a sideways trading range. Soybean bears have the near-term technical advantage. The next downside price objective for the bears is pushing...
Grain Market Analysis
May corn futures closed down 1 cent at $3.80 3/4 yesterday. Prices closed near mid-range. No serious chart damage has occurred this week as profit-taking from recent gains has been featured. However, the bulls have faded a bit and need to show fresh power soon. Bulls still have the slight...
Grain Market Analysis
May soybeans on Friday closed higher and nearer the session high. Trading has turned choppy. The next downside price objective for the bears is pushing and closing prices below solid technical support at 9.41. The next upside technical objective for the bulls is pushing and closing May prices...
Grain Market Analysis
May corn on Friday closed firmer on short covering in a bear market. The corn bears still have the overall near-term technical advantage. The next downside price objective for the bears is to push and close prices below solid technical support at the February low of $3.59 a bushel. Bulls' next...
Grain Market Analysis
March soybeans on Friday closed firmer, near the session high and clsoed at a fresh three-week high close. Prices Friday also closed at a bullish weekly high close. The bulls have gained some fresh upside near-term technical momentum. The next downside price objective for the bears is pushing...
Grain Market Analysis
March corn on Friday closed weaker, near mid-range hit a fresh four-month low and closed at a bearish weekly low close. Corn bears have the solid near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart. The next downside price objective for the bears is to...
Grain Market Analysis
March soybeans on Friday closed lower, nearer the session low, hit another fresh 3.5-month low and closed at a bearish weekly and monthly low close. Serious technical damage has been inflicted in soybeans recently, including more on Friday. Prices are in a steep four-week-old downtrend on the...
Grain Market Analysis
March corn futures closed down 6 1/4 cents at $3.61 1/2 yesterday. Prices closed nearer the session low and hit a fresh 3.5-month low yesterday. The key "outside markets" were in a mostly bearish posture for corn yesterday, as crude oil prices were weaker and the U.S. dollar index was firmer....
Grain Market Analysis
March soybeans on Friday closed weaker and near mid-range. Serious near-term technical damage has been inflicted in soybeans recently. The next downside price objective for the bears is pushing and closing prices below solid technical support at $9.20. The next upside technical objective for the...
Grain Market Analysis
March soybeans on Friday closed lower, nearer the session low, closed at a fresh two-month low close and closed at a bearish weekly low close. A bearish pennant pattern has now formed on the daily bar chart. Serious technical damage has been inflicted recently. The next upside technical...
Grain Market Commentary
March corn on Friday closed higher, nearer the session high, closed at a fresh six-month high close and closed at a bullish weekly high close. While the bulls maintain the overall near-term technical advantage, there is still strong technical resistance that lies overhead. Bulls' next upside...
Grain Market Analysis
March corn futures closed up 1/4 cent at $4.18 3/4 yesterday. Prices closed nearer the session high yesterday in quieter trading. Prices closed at a fresh 6.5-month high close yesterday. While the bulls still maintain the overall near-term technical advantage, there is strong technical...
Grain Market Analysis
March soybeans on Thursday closed firmer and near mid-range. Prices hit a fresh two-week high and closed at a bullish weekly high close on Friday. Bulls have gained fresh upside near-term technical momentum. The next upside technical objective for the bulls is pushing and closing March prices...
