Soybean Meal & Oil, What Keeps The Trend Intact And How To Spot A Trend Change With Fibonacci Retracements
Educational and Actionable information using the Fibonacci retracements and W.D. Gann analysis. New Video!
Wheat Flips Net Lower for the Week
Friday’s double digit selloff flipped the week’s move to net lower across the U.S. wheat futures. Chicago prices were down by 17 to 18 ½ cents on the day. That left May SRW at a net 15c loss for the week. KC wheat futures weakened by 3.2% to 3.9% by...
Soy Futures Firm for Weekend
The soybean futures market ended the last trade day of the week with double digit gains for old crop and 6 to 7 cent gains in new crop. The May contract finished the week with a net 9 ½ cent gain. Nov soybeans were a net 8 ¼ cents higher...
Corn Bleeds into Weekend
The corn market faded on Friday with 12 ¾ to 5 cent losses across the front months. May futures were still up by a net 11 cents for the week, and Dec prices were up by a net 9 ½ cents on the week. Weekly CFTC data showed managed money...
Shootin' the Bull about squeezing the cattle feeder
In my opinion, not a great deal has changed. The cattle feeder is being squeezed at every turn. Friday's higher price action is believed caused by the fires in north Texas. With little evidence of liquidation coming to an end, and placements expected to be significant for the month of February, there is no shortage of cattle on feed or beef.