Published March 11, 2019
Soybeans (May) Last Week’s Close: Soybean futures finished Friday’s session down 6 ½ cents, extending losses for the week to 15 ½ cents. Friday’s Commitment of Traders report showed managed funds with a net short futures and options position... Read More
Published March 11, 2019
Corn (May) Last Week’s Close: Corn futures finished Friday’s session down ¼ of a cent, extending losses for the week to 8 cents. Friday’s Commitment of Traders report showed managed funds with a net short futures and options position... Read More
Published March 11, 2019
Newsworthy Events that can affect the Commodity markets Maybe last week didn’t answer any questions at all and instead posed more. Hopefully this week’s slew of reports can help the process. On Friday evening, Fed Chair Powell reemphasized the... Read More
Published March 8, 2019
March E-mini S&P futures News and research Yesterday’s close: Settled at 2750, down 21.50 Fundamentals: U.S benchmarks are under pressure again today and Nonfarm Payroll is front and center at 7:30 am CT. The overnight was broadly ugly with... Read More
Published March 7, 2019
CME Group – EMU: GDP March 7, 2019 05:00 EST Consensus Actual Previous Revised Quarter over Quarter 0.2% 0.2% 0.2% 0.1% Year over Year 1.2% 1.1% 1.6% Highlights Quarterly eurozone economic growth was unrevised in the third look at... Read More
Published March 7, 2019
Live Cattle (April) Today’s tight ranging trade did little to change the technical landscape. Trend line support is drifting higher each day, offering support to the market. That trend line will come in tomorrow near 128.40, shifting our support... Read More
Published March 7, 2019
Lean Hogs (April) April lean hogs retreated today, ending the 5-session win streak. Prices pulled back to our first support pocket, which we defined in yesterday’s report as 56.50-56.825. This pocket represents the gap from Friday’s close to Monday’s... Read More
Published March 7, 2019
E-mini S&P (March) Yesterday’s close: Settled at 2771.50, down 20.00 Fundamentals: U.S benchmarks slipped again yesterday before quietly trading lower in the overnight. Still, our major three-star support level has held this extremely healthy pullback in check (detailed in... Read More
Published March 7, 2019
Crude Oil (April) Yesterday’s close: Settled at 56.22, down 0.34 Fundamentals: Crude Oil is playing out exactly as we have been expecting, more technical than ever. Price action is contained within major three-star support and resistance; detailed in the... Read More
Published March 7, 2019
Gold (April) Yesterday’s close: Settled at 1287.6, up 2.9 Fundamentals: Gold is getting pressured early this morning on Euro weakness. The ECB made a decisively dovish move by reintroducing the TLTRO at their policy meeting this morning. Treasuries are... Read More