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

Electronic trading the pits, traders say

Electronic trading of grains is now dominating markets that not long ago were the last bastion of arm-waving, shouting pit brokers, but the easy access to prices and speed has come at a price – wild market swings and lack of trust that is driving away users. The focus of the controversy on the Chicago


U. S. House panel to monitor CDS clearinghouse pace

Futures exchanges from Chicago and New York will be asked to report in early December on their progress in forming clearinghouses to stabilize credit default swaps, a U. S. House of Representatives committee chairman said recently. The clearinghouses are regarded by U. S. regulators as a way to restore liquidity to the swaps market and

Fertilizer prices breach line of support

The news is always the most bullish at the top. In the last month or two we have all heard the news about higher fertilizer prices. Let’s take a look at this market from both a technical and fundamental perspective now that world fertilizer prices are easing. You may not be aware, but it is


MGE converts to electronic platform

After more than 125 years, open-outcry trade in wheat futures at the Minneapolis Grain Exchange will cease Dec. 19 when the exchange goes fully electronic, the exchange said Oct. 24. The exchange’s board of directors unanimously approved the move, pending approval by ownership in a ballot next month. Hard Red Spring wheat futures, launched in

V-Tops cap rallies

V-Tops are one of the most difficult chart patterns to analyze because of the suddenness in which they form. A V-Top indicates a trend reversal, with dynamic and substantial price drops often occurring with the formation of this pattern. V-Tops have three essential components: 1) Prices must be in an uptrend, with a near vertical