Harami Warns Farmers Of Impending Drop In Wheat Prices

David drozd As I have mentioned before in this column, the Japanese are true pioneers of technical analysis of the markets. Their techniques have evolved from fairly simple beginnings, trading forward rice contracts (futures) in the 17th century, to now include many sophisticated ways to analyze the markets, including the amazingly powerful modern-day charting method

ICE Canada To List New Western Barley Futures Contract

ICE Futures Canada has received approval to list a new Western barley futures contract, a notice to market participants from the exchange said. The current Western barley futures contract months from March 2010 onward are to be delisted immediately. July ’09, October ’09, and December ’09 contracts will remain listed, ICE Futures Canada said. The


Australians Unhappy With CBOT, Launch Own Futures

Australia’s stock exchange operator, ASX Ltd., will launch a wheat export futures contract this summer, it said March 13, raising hopes for a new global reference price to complement the dominant U. S. market. ASX said it expected the contract to start trading in May. Australia liberalized overseas wheat sales last year, opening up the

Taxis For Stockbrokers And Lamborghinis For Farmers

An excerpt from a Mar. 9 Business Week interview with Jim Rogers, creator of the Rogers International Commodities Index. Rogers presents a generally gloomy view of the economic outlook, except for commodities. “I really think agriculture is going to be the best place to be. Agriculture’s been a horrible business for 30 years. For decades


T – for Mar. 5, 2009

he Japanese are regarded as the true pioneers of market technical analysis. They began trading forward rice contracts (Futures) in 1654 and over the next three centuries have developed many sophisticated ways to analyze the markets. One Japanese method of charting is called “Candlestick” because the individual lines resemble candles. While candlestick charts use the

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


Commodities lose diversification edge with crisis

“There is nowhere to hide.” – BRIAN HICKS Using commodities to hedge potential losses in stock markets has not worked lately, and the tighter link among assets these days means diversification benefits may not be as great as before. Hedge funds, pension funds, mutual funds and wealthy individuals who invested in commodities on the theory

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