Month: July 2014

Corn … Selloff Continues, Support Well Below Current Levels

Corn futures (symbol: C) are trading aggressively  lower after breaking the long-running uptrend line dating back to Dec05, which originates at the $1.8575/bushel level. Quoting from our 01Jul14 post, “A potentially huge buying opportunity is on the horizon for corn, however, we

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Crude Oil … Approaching Decision Time!

Crude Oil futures (symbol: CL) have traded in the $75-115/bbl range since Oct10. While that seems like a wide range, it actually reflects a degree of stability for this highly charged geopolitical commodity. The trading range also sits just above

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US Natural Gas … Buy Your Winter Clothes in the Summer!

NatGas futures (symbol: NG) continue to work off the over bought condition resulting from its late winter run-up to the $6.493/MMBtu level. Natural gas storage injections are a critical issue every year, however the required pace of injections this year is

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Soybeans … At Critical Long Term Support

Soybean futures (symbol: S) are testing critical long-term support at the $13.60/bushel level (Jul14 contract).  This support line has its origin back in Sep06 at the $5.4250/bushel level. Soybeans are experiencing selling pressure related to higher inventory levels and the Acreage

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Corn … Prices Down on Lower Planted Acreage

Corn futures (symbol: C) are trading lower following the Acreage report released by the National Agricultural Statistics Service (NASS – a division of the USDA). Quoting … “Corn planted area for all purposes in 2014 is estimated at 91.6 million acres,