For the first time in history, corn reached $8 per bushel on the nearby futures chart and soybean prices posted a new historical high of $17.77-3/4 per bushel on July 20, 2012. This exceeded the previous high of $16.63 in July 2008. There are countless headlines depicting the “Drought of 2012” as the worst the
Corn and soybean prices rally to a record high
Spring wheat posts its highest price of open-market era
Watch for rising wedges in bear markets and falling wedges in bull markets, where they are most apt to occur
Red spring wheat grading No. 1 13.5 per cent protein reached $8 per bushel for the 2012-13 crop year. This is the highest price farmers have been able to lock in, since the open-market era was announced in mid-December 2011. True to form, wheat prices began their seasonal turn higher, just as the U.S. winterDrozd: Spring wheat posts highest price of open market era
Red spring wheat, grading No. 1, 13.5 per cent protein, reached $8 per bushel for the 2012-13 crop year. This is the highest price farmers have been able to lock in, since the open market era was announced in mid-December 2011. True to form, wheat prices began their seasonal turn higher, just as the U.S.
Drozd: Classic ‘head + shoulders top’ confirmed downturn in oat prices
To those less familiar with charting and technical analysis, the recent drop in oat prices may have come as a bit of a surprise. What I have found in my 30 years’ experience is that even though the oat futures market has a relatively small amount of open interest compared to actively traded commodities such
A classic head and shoulders confirmed downturn
To those less familiar with charting and technical analysis, the recent drop in oat prices may have come as a bit of a surprise. What I have found in my 30 years’ experience, is that even though the oat futures market has a relatively small amount of open interest compared to actively traded commodities such
Drozd: Reversal patterns signal a downturn in cattle prices
Markets can and often do change direction on a moment’s notice. Cattle prices were at a record high in early March 2012, but quickly turned down and dropped below the uptrending channel, thus ending the rally. An uptrending channel develops during a period of rising prices and support is determined by a line drawn across
Reversal patterns signal a downturn in cattle prices
Markets can and often do change direction on a moment’s notice. Cattle prices were at a record high in early March 2012, but quickly turned and dropped below the uptrending channel, thus ending the rally. An uptrending channel develops during a period of rising prices and support is determined by a line drawn across the
Harami alerts hog producers to a downward correction
After rallying up, but failing to fill a gap between $91.475 and $91.650, lean hog prices on the weekly nearby candlestick chart turned back down on February 24, 2012. The ensuing reversal pattern (sell signal) that developed is referred to as a harami on a candlestick chart. Lean hog prices have since lost more than
Drozd: Harami alerts hog farmers to downward correction
After rallying up, but failing to fill a gap between $91.475 and $91.650, lean hog prices on the weekly nearby candlestick chart turned back down on Feb. 24. The ensuing reversal pattern (sell signal) that developed is referred to as a harami on a candlestick chart. Lean hog prices have since lost more than six
Drozd: Breakaway gap alerts soybean growers to counter-seasonal rally
On Dec. 19, 2011, a breakaway gap materialized, alerting soybean producers and traders alike to a sudden change in the price direction of the soybean market. In fact, this gap not only confirmed an end to the downward price spiral, but it marked the beginning of a counter-seasonal rally, with soybean prices rallying $1.65 per
Cyber-Savvy Farmer
