For more years than I can recall, there has been one indicator that I have relied upon in the corn market to confirm significant highs and lows, and that is the weekly MACD. While I recognize that there is always a risk of pointing out something that could be unfolding…
Market Commentary
Daily Comments
The wheat market continues to supply plenty of spills, thrills, and other assorted excitement each day, and after another impressive recovery for the close yesterday, prices are sagging this morning. With volatile action such as this, it is generally beneficial to take a step or two back and look at…
Daily Comments
India has now attempted to clarify the ban on overseas wheat sales that they announced on Saturday. Instead of an outright ban, which many assumed they had done, they will allow shipments of wheat that are already awaiting customs clearance and will also be moving forward with exports to Egypt. …
Daily Comments
There is really only one major ag story driving markets this morning, and that stems from the announcement last Friday that India has decided to suspend new export business in wheat. Existing sales and agreements are unaffected, and by no means will this necessarily be a permanent ban. Still, needless…