By: Jeff Kaprelian – REMINDER: MARKETS AND OUR OFFICES WILL BE CLOSED ON MONDAY FOR MLK JR. DAY It started out as a slow day but then a story broke on Bloomberg that turned markets green across the board. The story said that China has offered to go on a…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with soybeans and wheat lower and corn higher. The soybean market fell after China’s customs data showed a 40% reduction in soy imports from the previous year for the month of December. They were down 7.9% on the year to 88.03 million metric…
Technical Update
By: Jeff Kaprelian – Corn Corn posted a reversal today after failing at trendline resistance. Daily stochastics are starting to fade, and the daily MACD is struggling to post a buy signal as well. Friday was the last day of the new moon, which has coincided with either stalls or…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed after a quiet session. Soybeans traded higher today as rumblings continue about South American weather. It’s still premature to get too worked up over prospects of lower yields, but without much else in the news we all have to have something to talk…