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 is


Hog outlook to get worse before it gets better

The recent slump in nearby hog values may only mark the beginning of a season of pain for pork producers. Already-high feed costs look set to keep climbing just as hog values enter their traditional seasonal soft patch, which may place hog production margins under even more pressure. To make matters worse, inventories of pork

U.S. pork stocks balloon as prices curb appetites

Reuters / High meat and gasoline prices have curbed consumers’ appetite for pork, which caused the meat to pile up in warehouses last month, analysts said March 22. That February pork supply was up seven per cent from the previous month, and up nine per cent from a year ago, the data showed. “This confirms


Cattle prices start 2012 at a new historical high

Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns,

How Euro zone uncertainty affects wheat markets

Charting and technical analysis may be likened to reading a price road map where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and their implications for prices. Classic formations, once identified, will point the way, signal caution,


Harami Predicted A Strong U.S. Dollar

You d be hard pressed to find anyone this summer who wasn t aware of the United States escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown. All summer, as the news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, more market analysts began

CME Hogs Drop Seven Per Cent In August

CHICAGO/REUTERS U.S. hog futures on Aug. 31 finished down seven per cent for the month, livestock traders said. With the onset of cooler weather, hog weights have rebounded and put more hogs in hands of packers to pump more pork into the retail sector. In early August, the Midwest was in the grip of a


No Future For Pork Belly Futures

Chicago’s iconic pork belly market has closed after 50 years of being the subject of jokes for movies and TV shows and satisfying Americans’ hunger for bacon-lettuce-tomato sandwiches. The Chicago Mercantile Exchange shut down the frozen pork belly futures market at the end of business on Friday, July 15. The closing had been expected. Trading

Main Trend In Crude Oil Still Up, Despite Recent Downturn

Crude oil prices have been under pressure since a two-week reversal developed two weeks ago. This reversal pattern materialized after crude oil prices failed to exceed the upper boundary of the uptrending channel. A two-week reversal indicates a change in direction and can occur at the top or bottom of a market. This two-week reversal