Category: Ag/Softs

US Dollar Index … Approaching A Crossroad

We seldom comment on the US Dollar Index (symbol: DX), however we do track the index closely to understand the potential influence on US Dollar denominated commodity prices. The US Dollar Index is approaching a crossroad in the $89.71 to $92.41 range. These levels

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Corn … Approaching Major Support

Corn futures (symbol: C) continue 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,

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Children of the Corn

Source: TopMastersinHealthcare.com/

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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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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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