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Corn Marks Its Longest Losing Streak Since Summer. Where’s Support?
Corn futures marked their fourth consecutive day of losses, the longest losing streak since the 8-day streak that started in late July. These are the levels we are keeping a close eye on as we look towards the end of the week. Corn Technicals (December) Over the last several months the market has presented plenty […]
Are Grain Markets Headed Lower?
Grain markets are weaker in the early morning trade with corn futures on the brink of a technical breakdown. Is the market headed for new lows? Corn Technicals (December) December corn futures broke and closed below our pivot pocket yesterday which has opened the door for follow-through pressure in the overnight and early morning trade. […]
Grains Markets Flutter as Harvest Pushes On
Grain markets are mixed in the early morning trade with corn and wheat lower while soybeans have edged higher. Here are the trading levels to keep an eye on for today’s trade. Corn Technicals (December) December corn futures continued to bleed lower in yesterday’s trade which has bled into weakness in the overnight and early […]
Grain Markets Reverse
Grain markets were higher early Friday but reversed which has led to additional weakness to start a new week of trade. What are the support levels to keep an eye on? Corn Technicals (December) December corn futures saw a strong move higher last Thursday, but for the third straight week, prices were under pressure on […]
Corn Trades Back Above $5.00!
Corn trades back above $5.00 for the first time in what seems like a lifetime, how much more upside could there be? Corn Technicals (December) December corn futures were finally able to chew through the technically and psychologically significant $5.00 level which led to some overnight strength that took prices to their highest in nearly […]
The Calm Before the Storm?
The lack of new news has kept the grain markets relatively quiet to start the week, but is that about to change as attention shifts to South America? Corn News Technicals (December) December corn is moderately lower in the early morning trade, mirroring that of the previous week’s trade where we saw a big move […]
Are We Approaching a Harvest Low?
A mixed morning for grain markets with corn lower, wheat higher, and soybeans near unchanged. Corn News Technicals (December) December corn futures quietly squeaked out another week of gains, keeping our short-term bias towards the Bullish side. 502-506 1/2 continues to be the significant resistance pocket we are watching for. A break and close above […]
Grains Rally Following Bullish USDA Report
Corn, soybeans, and wheat futures all surged higher following yesterday’s Bullish USDA report. Will the rally continue or will it fizzle out like it did last Friday? Corn News Technicals (December) Corn futures had an identical trading day to last Thursday, trading within a quarter cent of the high and low from October 5th. Last […]
Grains Consolidate Ahead of USDA Report
Grain markets are mixed in the early morning trade as traders await new news from the USDA. Corn News Technicals (December) December corn futures made new lows for the week in yesterday’s trade but were able to recover and finish the day in positive territory. The market has been on both sides of unchanged in […]
Grain Markets Slide in the Early Morning Trade
Grain markets have traded both sides of unchanged in the overnight session but have drifted lower through the early morning. Corn News Technicals (December) December corn futures marked their third consecutive day of lower prices, the longest streak in nearly a month. There is some support near the lows from last Wednesday/Thursday, 482 1/2. If […]
A Mixed Morning for Grain Markets
It’s a mixed morning in the grain markets with corn and wheat lower while soybeans have reclaimed ground and are trading in positive territory. Corn News Technicals (December) December corn futures are working lower in the early morning trade, erasing all of the gains from Friday’s attempted breakout move. The Bulls need to see a […]
Corn, Soybeans, and Wheat Futures Rally
Grain futures prices are all higher in the early morning trade as volatility picks up across commodity markets following the Hamas attack on Israel. Volatility It was a volatile open for many commodity markets last night following the Hammas attacks on Israel. Concerns over growing conflict will likely linger for the time being which could […]
Are Grain Markets Breaking Out?
Grain markets were able to see a strong rally in yesterday’s trade but are so fare relatively mute in the early morning session. These are the levels to keep a close eye on in the last trading day of the week. Corn News Technicals (December) Corn futures finally did it, they broke out above the […]
It’s Groundhog Day…..AGAIN
It’s Groundhog Day yet again as corn futures remain stuck in a range. Soybeans failed against resistance yesterday which has pressured prices back near significant support. Corn News Technicals (December) It is Groundhog Day yet again for the corn market as prices failed yet again to get out above technical resistance from 489-491. A continued […]
Are Grains Gearing Up For a Seasonal Low?
Grain markets are showing some signs of life in the overnight and early morning trade, is a seasonal low coming sooner rather than later? Corn News Technicals (December) The corn market was little changed yesterday as it once again bumped its head against resistance from 489-491. The Bulls want to see a close above this […]
Grains Give Back Gains
Corn and soybean futures are lower in the overnight trade following the release of updated yield and production estimates from StoneX. Check out yesterday’s interview with RFD-TV! Corn News Technicals (December) December corn futures were able to defend our pivot pocket from 472-476 which helped erase all of Friday’s losses and then some in yesterday’s […]
Grain Markets Turn the Page
Today is the start of a new month and a new quarter, will that help grain outlooks turn more positive? Corn News Technicals (December) Though December corn futures were under “heavy pressure” on Friday, it left prices pretty close to unchanged for the week and the month and did little to change the technical landscape. […]
All Eyes on Today’s Quarterly Stocks Report
Grain markets are quiet in the early morning trade as traders await this morning’s quarterly stocks report from the USDA Corn News Technicals (December) Corn futures made their way back to our 3-star resistance pocket which has neutralized our near-term bias ahead of today’s USDA report. If you had bought near the pivot pocket earlier […]
Soybeans Retreat Ahead of Tomorrow’s USDA Report
Soybean futures are weaker in the early morning trade following yesterday’s failure against technical resistance as traders look to tie up loose ends ahead of tomorrow’s USDA report. Corn News Technicals (December) Tired of reading about a rangebound corn market? It’s getting a little old writing about it too. Technical levels remain intact. There continues […]
Can the Soybean Rally Continue?
Soybeans continued to march higher in the overnight and early morning trade, how much more upside is left? Corn News Technicals (December) Corn futures had a “surge” higher around 2am, trading up to 485 1/2, the highest price since September 12th. Our resistance pocket from 489-491 remains intact as the first upside target for the […]
A Mixed Bag in Grains & a Sea of Red in Livestock
Grain markets were mixed in today’s trade as traders anxiously await Friday’s quarterly stocks report. Livestock markets on the under hand were under heavy pressure as long liquidation pressured prices. Grains There was a little something for everyone in today’s grain trade. Corn At the close December corn futures were 1 ½ cents lower to […]
Soybean Futures Defend MAJOR Support. Is it Time to Buy?
Soybeans test and defend major 4-star support in yesterday’s trade, taking prices back to our pivot pocket from 1300-1304. These are the next upside targets to keep an eye on Corn News Technicals (December) It’s a new day, but the same story for the corn market as prices remain rangebound. As we’ve been saying for […]
A Quiet Start to a BIG Week
A quiet start to the week as grain traders gear up for end of month, end of quarter, and a USDA report. Corn News Technicals (December) As we’ve been saying for the better part of the last month +, this is a trading environment full of shorter-term opportunities for market participants on both sides of […]
Weekly Grain Market Recap
Disappointing export sales and external macroeconomic pressures following Wednesday’s Fed meeting were a boon to grain markets this week. The silver-lining in this week’s price action comes from December corn. It was the only component of the grain complex to close in positive territory on the week, and held trendline support for three consecutive sessions.. […]