Author: Jim Wyckoff

LIVESTOCK: February live cattle closed down $0.35 at $133.22 today. Prices closed near mid-range today in quiet, pre-holiday trading. Some mild profit taking from recent strong gains was seen. Bulls still have the solid...

* LATEST MARKET DEVELOPMENTS * Overseas it has been and will most likely continue to be a very quiet, pre-holiday trading day Monday. Most U.S. markets trade a half-day Monday, ahead of the Christmas holiday on Thursday....

* LATEST MARKET DEVELOPMENTS * In overnight action, U.S. stock indexes, Asian stocks and European stocks were lower, along with the Euro currency, as investors continued to worry about the U.S. fiscal cliff negotiations that...

* LATEST MARKET DEVELOPMENTS * In overnight news, European stocks were narrowly mixed as investors worried about the U.S. fiscal cliff negotiations that appear to have again stalled, after some movement toward an agreement was...

February gold futures closed down $1.30 an ounce at $1,669.40 yesterday. Prices closed near mid-range yesterday and closed at a fresh 3.5-month low close. Bullish outside markets did limit the downside in gold yesterday, as the...

* LATEST MARKET DEVELOPMENTS * In overnight news, the Euro currency hit a fresh seven-month high and European stocks rallied in the wake of a big credit rating upgrade for Greece by Standard & Poor’s. There was also a...

March sugar closed down 10 points at 19.31 cents yesterday. Prices closed near mid-range yesterday. The key “outside markets” were bullish for the sugar market yesterday, as the U.S. dollar index was lower and crude...

* LATEST MARKET DEVELOPMENTS * U.S. and world markets are quieter and trading volumes lower this week as the holidays and end of the year are right around the corner. Many traders are winding things down and stepping to the...

March corn futures were down 7 cents at 7.23 3/4 in late trading yesterday. Prices were nearer the session low. Recent slack U.S. export demand has hurt the bullish camp. Corn bears have the slight near-term technical advantage....