Drozd: Corn market plummets after rallying to a one-year high

Drozd: Corn market plummets after rallying to a one-year high

Faced with the realization that a weather market can end as quickly as it began, 
farmers have the daunting task of figuring out when to sell

It took the corn market three weeks to rally 75 cents per bushel and only two weeks to plummet just as far. When markets go down faster than they go up, farmers may have a difficult time taking advantage of a steep market rally like this. Farmers get busy and may not have got around

oats market graph

Drozd: Oat market hammers out a bottom

Bottoming action is evident in the December 2015 oat futures market

A hammer materialized on the December oat futures chart on Monday, April 27, 2015. Hammers are reversal patterns that appear at market bottoms on candlestick charts and are bullish, as they are said to be “hammering out a bottom.” The hammer represents a period in the market where an intraday sell-off is met with strong

soybean futures pricing chart

Drozd: Soybean market falls to a new low

The November futures contract is stuck in a downward trend

The soybean market has been under considerable pressure. The weakness started after a head-and-shoulders top developed on June 30, 2014. This classic reversal pattern was featured in my August 2014 column and I’ve also illustrated it in the accompanying chart. What a difference a year makes! The daily soybean futures contracts are trading at new


chart showing Canadian dollar value

Drozd: Harami alerts producers to impending rally in the Canadian dollar

A harami that occurs at the end of a significant move down in price and time 
will have more reliability than any other place on a chart

The Canadian dollar has rallied nearly 600 basis points in the past six weeks. This rally may have come as a surprise to some people, but not to those studying candlestick charting. The Japanese are regarded as the true pioneers of candlestick charting. The Japanese method of charting is called candlestick because the individual lines

canola trend price chart

Canola rallies to eight-month high

Market Outlook: Longs move back in when the market bottoms for a second time

Canola has rallied $65 per tonne since Dec. 4, 2014, the day the May 2015 futures contract turned up from a second low at $408.60. A chart pattern known as a double bottom indicated the May futures contract would rally to $470 per tonne, a level not seen since June 30, 2014. Double bottom Double

Warren Buffett

Buffett uses farm as investment example

Don’t speculate on price movements, says world’s fourth-richest man

Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow. In an excerpt of his annual letter to shareholders, Buffett used a 1986 purchase of a farm located 50 miles north of Omaha to support his case about simple, diversified and