Author: Jim Wyckoff

GRAINS: March corn futures closed down 1 3/4 cents at $4.25 Wednesday. Prices closed nearer the session low. Corn bears are in firm overall near-term technical control. Prices are in a 3.5-month-old downtrend on the daily bar...

* LATEST MARKET DEVELOPMENTS * The highly anticipated U.S. Federal Reserve Open Market Committee (FOMC) meeting, statement and press conference by outgoing Fed Chairman Ben Bernanke are over, and in the aftermath it looks like,...

LIVESTOCK: February live cattle closed down $0.55 at $132.95 Tuesday. Prices closed near the session low. Trading remains choppy. Bulls and bears are still on a level near-term technical playing field. However, the cash cattle...

* LATEST MARKET DEVELOPMENTS * Today is the day. The highly anticipated U.S. Federal Reserve Open Market Committee (FOMC) meeting ends in early afternoon with a statement and then a press conference from outgoing Fed chairman...

* LATEST MARKET DEVELOPMENTS * The highly anticipated U.S. Federal Reserve Open Market Committee (FOMC) meeting begins Tuesday and ends Wednesday afternoon with a statement. Recent upbeat U.S. economic data and last week’s...

* LATEST MARKET DEVELOPMENTS * Traders and investors are anxiously awaiting Wednesday afternoon’s conclusion of the U.S. Federal Reserve’s Open Market Committee (FOMC) meeting. Recent upbeat U.S. economic data and...

March sugar closed down 20 points at 16.31 cents today. Prices closed near the session low again today and hit another fresh contract low. A stronger U.S. dollar index today helped to pressure sugar. Sugar bears have the solid...

* LATEST MARKET DEVELOPMENTS * In overnight news, the U.S. dollar hit a five-year high against the Japanese yen in the currency markets. Notions the Japanese central bank will continue to try to inflate its economy by printing...

* LATEST MARKET DEVELOPMENTS * In overnight news, industrial output in the European Union fell sharply in October—down 1.1% from September and the steepest monthly decline in a year. Forecasts were for the number to be up...

February gold futures closed up $27.60 an ounce at $1,261.70 today. Prices closed nearer the session high and hit a fresh three-week high on more short covering and bargain hunting. The key “outside markets” were in...