Crude Oil has declined from the overcrowded market above $80 and now has sold off to the 200 day moving average of $73.50. This is a very critical support area and with rising inventories and a strengthening dollar it...
Read MoreIt’s no coincidence that Barack Obama has made the decision to forge an all out effort at directing attention to paint our financial institutions as “the source of all that is evil” in the United...
Read MoreThe agricultural markets lacks any real fresh information leading to the choppy two sided market in beans and corn. The bearish tone is winning due to sagging macro markets and an overall quiet tone to start the week. I like a...
Read Morehttp://www.cnbc.com/id/34874608
Read MoreMy morning wire was completed prior to exports so I’m adding them here. Corn: 327.3 TMT Wheat: 181.9 TMT Beans: 754.1 Rice: 192.8 Meal:356.7 WOW! Oil: 50 TMT, marketing year high. Overall a minor impact but with heavy meal...
Read MoreThe market had a decent recovery today moving dramatically off daily lows with good fund buying into the close seen as the reason. There is nothing fundamentally to look at so we have to focus on moneyflow, OI and macros. I...
Read MoreGold has now regained the form it saw in 2009 to start the year off with a $80 rally from $1,070 to $1,150 as the USD weakens against a basket of other major currencies. The USD had gained momentum heading into 2010 but...
Read MoreIt seems the Oil market is a bit overcrowded here above the $80 level as prices soared up to new yearly highs in recent weeks with the bitter cold weather conditions in the US. Crude oil has halted here at $83.50 and has...
Read MoreThe all important WASDE report is due out tomorrow at 7:30 AM CST. This will offer us a final look at 2009 production as well as a good look at 2010 S. American production. I do not expect any major changes to consumption with...
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