Monthly Archives: November 2013

US Crop Progress and Condition

While rains have slowed late season Corn and Soybean harvests in the US Midwest, production forecasts remain at historically strong levels. Per the USDA ‘Weekly Weather and Crop Bulletin’ released 13Nov13, Corn production is forecast at 14.0 billion bushels, up

Posted in Ag/Softs, Corn, Energy, Renewables, Rice, Soybean, Sugar No.11, Uncategorized, Wheat

Copper … Ready to Breakout

In our post of 23Sep13, we expected Copper Futures (symbol: HG) to continue trading in the range of $2.95 – 3.45/lb, until that time when it would not do so. That time is likely upon us, and the likely breakout

Posted in Copper, Metals, Uncategorized

Corn … Needs a Break, But Ultimately Lower

It’s been a tough year for corn prices. The move down from $8.4375/bushel on 10Aug12 has been aggressive and unrelenting. Perhaps most notable on the chart is the gap down from $6.84 to $5.4975 which occurred in Jul of this

Posted in Ag/Softs, Corn, Uncategorized

Crude Oil …. Testing Support

Crude Oil futures (symbol: CL) are testing critical support in the $92-94 range, back-testing the long-run downtrend line which emanates from the 2008 high. Failure of this support range suggests a test of the $84-85 level is likely. Maintaining support

Posted in Crude Oil, Energy, Uncategorized