Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * The market place is awaiting the U.S. Federal Reserve’s FOMC minutes release on Wednesday afternoon. The minutes will be from the October meeting, and as always traders and investors will be...

March corn futures closed down 9 1/2 cents at $4.21 Monday. Prices closed near the session low and hit a fresh contract low. Corn was pressured in part by news last Friday that the U.S. Environmental Protection Agency has backed...

* LATEST MARKET DEVELOPMENTS * In overnight news, the German ZEW economic expectations survey was released and hit a four-year high. The ZEW expectations indicator rose to 54.6 in November from 52.8 in October. However, the...

* LATEST MARKET DEVELOPMENTS * Amid a quieter geopolitical front, the economic report highlights for this week appear to be the German ZEW business survey on Tuesday and the U.S. Federal Reserve’s FOMC minutes on Wednesday...

March sugar closed down 15 points at 17.65 cents today. Prices closed near the session low and hit another fresh six-week low today. Bears have the near-term technical advantage. A steep four-week-old downtrend is in place on...

* LATEST MARKET DEVELOPMENTS * The market place is still buzzing about the “dovish” remarks made Thursday by Federal Reserve Chair nominee Janet Yellen to the U.S. Senate Banking Committee. During questioning by...

* LATEST MARKET DEVELOPMENTS * The market place will be closely watching Federal Reserve chair nominee Janet Yellen’s testimony before the U.S. Senate Banking Committee Thursday morning. In her prepared remarks to be given...

December corn futures closed down 1/4 cent at $4.34 1/2 Tuesday. Prices closed near mid-range. Price action last Friday in corn produced a bullish “key reversal” up on the daily bar chart. The key reversal is an...

* LATEST MARKET DEVELOPMENTS * There were no major economic or geopolitical developments in overnight trading, leaving markets to languish. Asian shares traded mostly lower Wednesday with European stock markets following suit,...