Speculators raise wheat short to record high

Large speculators raised their net short position in Chicago Board of Trade wheat futures and options to a record high amid ample stocks at a time of increased interest in the export market, regulatory data showed Feb. 24. The non-commercial traders, a category that includes hedge funds, cut back on their bullish bets on corn

It’s today’s price, not the future price

Stirling Moss, a famous racing driver of the 1950s, once said that the male of the human species will admit to not being good at just about anything except being a good driver or a good lover. If we are talking about some of the grain farmer subspecies, we might add a third skill, that


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,


Spillover Buying Drives Up Prices

REUTERS / U.S. December cattle futures sprinted to their highest ever for a spot month Nov. 4, in response to strong cash cattle prices and broader market advances driven by Greece debt resolution optimism. Cash cattle and outside markets ran higher, so you re bound to get some spillover buying across the board on the

Corn Market Sends Confusing Signals

U.S. corn farmers are receiving conflicting signals from the cash and futures markets on whether to sell or store their grain. On the one hand, firm cash basis levels seem to suggest that corn demand is in better health than the futures market may imply, and could be a sign that growers should lock down


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

Economic Slowdown Could Weigh On Grain Prices

Fears of a global economic slowdown have nervous investors heading for the sidelines. As a result, equity markets have been under pressure since peaking in early May 2011. The two-week reversal at the height of the 27-month-long rally in the S&P 500 gave savvy investors an indication this bull market was vulnerable to running out


Gold Shines In Light Of Economic Uncertainty

Gold has garnered a lot of attention since nearly doubling in price over the past three years and gaining over 600 per cent this past decade. Gold’s lustre comes from the fact investors have always viewed the shiny metal as a safe investment in times of economic uncertainty. Unknown outcomes for debt-ridden countries such as

CME To Push Ahead With Higher Corn Trading Limits

The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by