Author: Jim Wyckoff

SOFTS: March sugar closed down 33 points at 15.73 cents today. Prices closed near the session low and hit a fresh contract low today. The key “outside markets” were bearish for the sugar market today as the U.S....

* LATEST MARKET DEVELOPMENTS * With Wednesday’s Federal Reserve’s FOMC minutes out of the way with no major revelations, focus turns to Thursday’s European Central Bank and Bank of England monthly meetings....

GRAINS: March corn futures closed down 2 cents at $4.25 3/4 Tuesday. Prices closed nearer the session low. Traders are awaiting Friday’s USDA quarterly grain stocks report.Corn bears are in firm overall near-term technical...

* LATEST MARKET DEVELOPMENTS * The headline risk in the market place picks up Wednesday as the Federal Reserve’s FOMC minutes are released in the afternoon. Traders and investors want to see in more detail why FOMC members...

LIVESTOCK: February live cattle closed up $0.50 at $136.80 Monday. Prices closed near the session high and hit a fresh 12-month high today. Bulls are right back in control after record high cash cattle prices were fetched in the...

* LATEST MARKET DEVELOPMENTS * Traders are still buzzing about Monday morning’s “mini flash crash” in gold futures prices that lasted about one minute. The CME Group said an erroneous trade in Comex gold...

* LATEST MARKET DEVELOPMENTS * For many traders and investors, this is their first day back at work after a long holiday break. Later this week the headline risk picks up, as the Federal Reserve’s FOMC minutes are out...

NOTE: I am out of the office this week. My friend and fellow market analyst Ken Seehusen will produce my reports. I’ll be back at work full throttle next Monday morning. Happy New Year!–JimThe STOCK INDEXES The March...

PRECIOUS METALS February gold closed lower on Monday signaling a possible end to the short covering bounce off December’s low. The low-range close sets the stage for a steady to lower opening when Tuesday’s night...