Soybean Update for July 18th

Earlier this month we identified soybeans as being in a “buy the dip” mode after crop reports turned this market from being perceived as oversold to a clear uptrend; and we noted that during this time of the year, trend Read more…

Using the Big Round Level in Corn

The December contract for corn futures represents the harvest contract for this year. The chart below extends from just after the 2015 harvest to the current date, with each candle representing two days’ worth of price action for this commodity. Read more…

USD/CAD Setup for NFP 7.7.17

It’s 7:12 a.m. EST Friday morning; and currently, the USD/CAD currency pair (US dollar vs. Canadian dollar) is trading at 1.2983.  In just a short time, at 8:30 a.m. CST, the non-farm payroll report will be released in the U.S., Read more…

S&P 500 Outlook on GDP Day

So far this week, as we have expected, the S&P 500 futures have been trading in a range-bound and orderly fashion.  We have been referencing the support and resistance levels and trend-lines on the chart below throughout the week, following Read more…