After dropping $90/tonne from the high of $657.50 in September, at the time of this writing, prices on the March 2013 canola futures contract have rallied $50/tonne since the USDA report was released on January 11, 2013. Thanks to phenomenal demand and improving basis levels, cash prices are back to the crop-year high ($14.50/bushel). For
Canola bounces off of support and resumes the uptrend
Drozd: Canola bounces off support and resumes uptrend
After dropping $90 per tonne from the high of $657.50 in September, at the time of this writing, prices on the March 2013 canola futures contract have rallied $50/tonne since the U.S. Department of Agriculture’s report was released on Jan. 11. Thanks to phenomenal demand and improving basis levels, cash prices are back to the
Drozd: Live cattle prices ended 2012 on high note
Live cattle prices on the monthly nearby futures chart last month rallied to within a couple of dollars of the historical high of $131.05, which was established in March 2012. Long-term charts, such as the monthly live cattle chart illustrated here, are invaluable for identifying major price trends, as trendlines and formations on a weekly
Live cattle prices end 2012 on a high note
Live cattle prices on the monthly nearby futures chart have rallied to within a couple of dollars of the historical high of $131.05, which was established in March 2012. Long-term charts, such as the monthly live cattle chart illustrated here are invaluable for identifying major price trends, as trendlines and formations on a weekly or
Drozd: Soy prices rebounded after achieving double top objective
The soybean market has been under pressure, since prices peaked at a new historical high of $17.94-3/4 on Sept. 4, 2012. This market has been under the influence of long liquidation for the past three months. Given the fundamental situation, some traders may be bewildered by the market’s weakness, while those who study charting and
Drozd: Canadian dollar slips below par
The Canadian dollar has been trending lower, since it penetrated the lower boundary of the uptrending channel. I have found that chart analysis is a valuable resource for determining the price trend and where support and resistance to the trend may be anticipated. Trendlines During the course of a trend and all the fluctuations which
Analyzing the loonie’s move to below par
The Canadian dollar has been trending lower, since it penetrated the lower boundary of the uptrending channel. I have found that chart analysis is a valuable resource for determining the price trend and where support and resistance to the trend may be anticipated. Trendlines During the course of a trend and all the fluctuations which
Classic topping action in soybean meal
Each day’s prices and the pattern configurations are a direct result of human decisions to buy and sell
Technical analysis is the study of market movement. Its strength and popularity comes from the assumption that future price direction can be predicted by studying a market’s past activity. Technical analysis is concerned exclusively with the market and certain statistics the market generates — prices, volume and open interest. In technical analysis, no consideration isDrozd: Classic topping action in soybean meal
Technical analysis is the study of market movement. Its strength and popularity comes from the assumption that future price direction can be predicted by studying a market’s past activity. Technical analysis is concerned exclusively with the market and certain statistics the market generates; prices, volume and open interest. In technical analysis no consideration is given
Drozd: Hog market slaughtered, as prices fall to 20-month low
Last month I talked about the record-high price of corn and soybeans. As much as this is exciting news to grain producers, especially those fortunate to have a crop, this has been devastating for hog producers. Near-record-high feed costs and a slowing economy are forcing hog producers in China to sell their herds. Liquidation is
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