Wheat: The Trend Is Your Friend Until The End – for Aug. 19, 2010

Wheat prices rallied over $3 per bushel in as little as six weeks on speculat ive buying and short covering. Farmers are now wondering when the rally will end. Technical analysis is very useful for determining current trends and trend changes. Some analysts rely on moving averages and others simply draw trendlines. Here is an



Livestock Producers Alerted To Hedge Meal

David drozd So y b e a n meal prices have rallied $42 per ton over the past five weeks. On June 9, technical analysis signalled traders and livestock producers alike to expect prices to turn back up. Technical analysis is the study of market movement. Its strength and popularity comes from the explicit assumption

Oat Prices Explode On A Short Covering Rally

David drozd Although the oat futures market is the most thinly traded cereal grain market in Chicago, it still provides reliable chart patterns and technical signals on when to buy and sell. Reading a chart is much like reading a road map. It tells you where prices are going to go. Let’s begin this journey


Agriculture A Good Buy When Volcanoes Erupt

LONDON/REUTERS Agricultural commodities were left in the dust as base metal prices boomed last year, but now represent the better investment, commodities bull Jim Rogers told Reuters April 29. “I’d rather buy agriculture, which didn’t move up, and I don’t want to buy base metals because they did go up,” he told Reuters in a

Ice Futures Canada Administrative Offices Set To Move

Winnipeg’s downtown Commodity Exchange Tower will soon be a misnomer. The lease is up and offices of ICE Futures Canada, Inc., formerly the Winnipeg Commodity Exchange will be moving closer to the suburbs in June, according to the president and CEO of the exchange. Brad Vannan said that the space currently used by the organization


Two-Month Reversal Warns Of Euro’s Impending Collapse

David drozd If you don’t think the failing euro doesn’t affect your bottom line, think again. Since the end of November 2009, the euro has lost about 12.5 per cent of its value relative to the U. S. dollar index and 15 per cent to the Canadian dollar – and this devaluation caused North American

ICE Canada Barley Contract Languishing

Open interest in the ICE Futures Canada barley market has declined to where the contract is no longer a viable pricing option, despite recent efforts made by ICE Canada to raise its appeal to a broader range of participants. But the contract is not likely to be delisted any time soon; ICE Canada is still


Be Wary Of Pension-Unlocking Schemes

Mani tobans who hold locked-in registered retirement savings plans (RRSPs) should be cautious of schemes that promote unlocking of these funds, Labour and Immigration Minister Jennifer Howard, minister responsible for the Pension Commission of Manitoba, said last week. “Manitobans should be wary about potentially fraudulent schemes being offered for unlocking pension funds,” said Howard. “The

Harami Warns Farmers Of An Impending Collapse In Oat Prices

David drozd The Japanese are true pioneers of technical analysis of the markets. You may remember last month’s column where I illustrated the weekly canola chart and identified the two-week reversal that materialized at the height of the rally in early January. Similarly, another reversal pattern known as a harami also developed at the end