Investors Develop A Taste For Beef

“We have never had this much buying in the cattle market before. It is not realistic to believe that it will continue.” – DENNIS SMITH, LIVESTOCK BROKER Investors seeking strong returns in the commodity markets have been pouring money into U. S. cattle futures, sending prices to 15-month highs and boosting February volume 27 per

Canola Market Fails To Break Through Resistance

DAVID DROZD The rally that began in the canola market with the delayed harvest is over. The chart pat-t erns were textbook perfect in predicting the inevitable, which was for prices to peak in early January and turn lower. It all started with prices breaking down below the line of support (A) in December 2009.


CME Warns Traders To Trade For Real

The CME Group, parent of the Chicago Board of Trade, warned on Jan. 12 it would punish traders who try to manipulate opening prices in Chicago by entering and then cancelling orders early on its Globex electronic trading platform. “Market participants are reminded that all orders entered on Globex during the pre-opening are expected to

Speculators Not Blamed In Cotton Futures Spike

“There is no smoking gun. If there was, obviously somebody would have been prosecuted.” – SHARON JOHNSON, FIRST CAPITOL GROUP Market manipulation did not cause cotton futures prices to artificially spike in 2008, the U. S. Commodity Futures Trading Commission said Jan. 5, after a lengthy investigation spanning nearly 20 months. Evidence found a host


Washington Is Supporting Your Canola

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Gr a i n and oilseed prices at ICE Futures Canada in Winnipeg closed the week ended Nov. 20 higher, with canola seeing moderate gains. Strength in the U. S. soy complex, friendly technical signals, a weaker Canadian dollar

Soybean Acreage Weighs On Meal Prices

Wh e n one studies many weekly bar charts, it becomes evident that prices over a period of several months are typically moving up or down. This direction is the long term or major trend of the market. Within the major trend there are a series of fluctuating price movements that can be of several


David drozd

Resistance is a term used to describe a price level where the selling of futures contracts is expected to halt the current upward move in market price. On the daily charts, these areas will appear as well-defined price ranges within which the market previously traded essentially sideways (A), prior to making a decisive move down.

Canola’s upward advance stalls at resistance

David Drozd Resistance is a term used to describe a price level where the selling of futures contracts is expected to halt the current upward move in market price. On the daily charts, these areas will appear as well-defined price ranges within which the market previously traded essentially sideways (A), prior to making a decisive


Human nature causes history to repeat

David Drozd Recent volatile price action is similar to that seen in the early 1970s when markets realigned into a new higher trading range. Examining these more than three-decade-old patterns can reveal clues about future price direction; history often repeats itself because human nature never changes. If history should repeat, similar to trading patterns seen

U. S. hogs end at six-week high as supplies abate

U. S. hog futures closed at their highest level in six weeks at the Chicago Mercantile Exchange Nov. 28 as investors believe the flood of hogs that hit the market this fall is abating, which should mean higher cash markets in the weeks ahead. Cattle futures finished lower, largely the victim of selling by investors