General Comments: US markets were higher last week, and trends are up on the weekly charts. The harvest is moving to completion in Texas and Oklahoma, and reports continue to be mixed. Results indicate that the protein levels are not strong in these areas. Yields are lower as well. The Kansas crop harvest […]
General Comments: Cotton was lower and trends are down on the charts. The daily charts show that futures could be oversold and in need of a short covering rally, but it is possible now that the market is in an extended trend lower that could last at least through the rest of the […]
As a reminder….Tomorrow, Tuesday, June 20th is the Last Trading Day for the July Crude Oil in NY. We ask that you do not wait until the last minute to exit this market. Tues, June 20th is also the Last Trading Day for the June Canadian Dollar. The June Canadian Dollar stops trading at 9:26am […]Continue Reading →
This week we will see cooler temperatures and more rain. Wednesday is pegged to be hot and dry while the rest of the week will milder temperatures and rain. In the overnight electronic session the July Corn is currently trading at 380 ¼ which 3 ¾ cents lower. The trading range has been 380 ¾ […]Continue Reading →
Oil prices continue to be weak as another rise in U.S. oil rig counts overshadows the fact that U.S. production in June is well below what the Energy Information Administration was predicting. The mood is still bleak as Libya says they want to raise production to one million barrels a day despite reports of shipments […]Continue Reading →
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