Did Wheat Just bottom at a 78.6% Fibonacci Retracement?
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
National Watermelon Report
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Grain Spreads: Wheat vs Corn
Bottom Feeding Examined
Hogs Pop Higher on Tuesday
Lean hog futures were up 85 cents to $1.10 on Tuesday. The national average base hog negotiated price was reported at $84.32 on Tuesday afternoon, up $3.93 from the day prior. The CME Lean Hog Index was reported at $81.94 on January 24, up 2 cents from the previous day....
Cotton Fall Back Lower on Tuesday
Cotton futures were 25 to 30 points in the red in the front months on Tuesday. The outside factors were mixed, as crude oil futures were up 75 cents/barrel on the day, with the US dollar index up 560 points. The Seam reported 12,432 bales of online sales on January...
Corn Posts Turnaround Tuesday Gains
The corn market bounced back on Tuesday, with contracts closing 2 to 4 cents higher across most nearbys. The national average Cash Corn price from cmdtyView is up 3 cents at $4.50 3/4. USDA reported a private export sale of 132,000 MT of corn this morning to South Korea for...
Cattle Rally Continues on Tuesday
Live cattle futures posted Tuesday strength of $2.80 to $3.45 in the nearbys at the close. Cash sales were reported early last week at $201 in the South, with late week sales jumping up to $208 in KS. Northern trade has pushed up to $205-212, with a bulk at $210-212....
Wheat Rebounds on Tuesday
The wheat market posted a turnaround session across the three exchanges on Tuesday. Chicago SRW futures were up 9 to 10 cents in the nearbys. KC HRW futures were 7 to 9 cents higher in the front months. MPLS spring wheat was 11 to 12 cents in the green. Texas...
Soybean Firm Up on Tuesday
Soybeans posted stronger action on Tuesday, most contracts were steady to 5 cents higher. CmdtyView’s national front month Cash Bean price was down 1 cent at $9.83. Soymeal futures were up $1.3/ton, with Soy Oil futures up 11 to 19 points in the front months on the session. CONAB estimates...
Cattle Rally Continues on Tuesday
Live cattle futures posted Tuesday strength of $2.80 to $3.45 in the nearbys at the close. Cash sales were reported early last week at $201 in the South, with late week sales jumping up to $208 in KS. Northern trade has pushed up to $205-212, with a bulk at $210-212....