Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns, […] Read more
Drozd: Cattle rally to new historical high to begin 2012
Drozd: How the euro impacts wheat prices
Charting and technical analysis may be likened to reading a price roadmap where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and what their implications are for prices. Classic formations, once identified, will point the way, signal […] Read more
Downtrend Continues In Chicago Wheat
Reading Time: 3 minutes Wheat prices at the CBOT have dropped more than $3 per bushel since peaking in February 2011. A two-week reversal signalled a change in trend on Feb. 18, 2011. Chart analysis is not only useful for determining the market s turns, but it can also be used to determine the price trend and where support […] Read more
Drozd: Downtrend continues, Chicago wheat posts new contract low
Wheat prices at the Chicago Board of Trade (CBOT) have dropped more than $3 per bushel since peaking in February 2011. A two-week reversal signaled a change in trend on Feb. 18. Chart analysis is not only useful for determining the market’s turns, but it can also be used to determine the price trend, and […] Read more
Drozd: Topping action in soybean meal alerts livestock producers not to panic
Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of an early frost were on producers’ minds. The big question was, "Should I be locking in the price of meal before it gets any higher?" […] Read more
Topping Action In Soybean Meal Alerts Livestock Producers Not To Panic
Reading Time: 3 minutes Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of an early frost were on producers minds. The big question was, Should I be locking in the price of meal before it gets any higher? […] Read more
Harami Predicted A Strong U.S. Dollar
Reading Time: 3 minutes You d be hard pressed to find anyone this summer whowasn t aware of the United States escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown. All summer, as the news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, more market analysts began saying […] Read more
Drozd: Harami predicted strong U.S. dollar weighing on grain prices
You’d be hard pressed to find anyone this summer who wasn’t aware of the United States’ escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown we’re in. All summer, as news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, more and more market analysts […] Read more
Economic Slowdown Could Weigh On Grain Prices
Reading Time: 3 minutes Fears of a global economic slowdown have nervous investors heading for the sidelines. As a result, equity markets have been under pressure since peaking in early May 2011. The two-week reversal at the height of the 27-month-long rally in the S&P 500 gave savvy investors an indication this bull market was vulnerable to running out […] Read more
Drozd: Economic slowdown, plunging stock markets could weigh on grain prices
Fears of a global economic slowdown have nervous investors heading for the sidelines. As a result, equity markets have been under pressure since peaking in early May 2011. The two-week reversal that occurred at the height of the 27-month-long rally in the S+P 500 gave savvy investors an indication this bull market was vulnerable to […] Read more
Cyber-Savvy Farmer
