There’s no beating around the bush - the fundamentals for corn remain bearish ahead of Thursday’s USDA report. Last month, USDA caught many by surprise revising ‘23 corn yields to record-highs of 177.3 bushels per acre. Since then, corn futures have continuously grinded lower. But, could a short-covering rally be in the offing soon? Per the last CFTC...
Just a heads up, I'm not a commodity expert, but I'm keen to give it my best shot. So, keep that in mind as we dive in! Have you been tracking corn prices recently? You might've noticed a halt at the $7.15 level, a mark set last September and October. Likely, a lot of investors decided to take profits at this level. All this is happening just before Friday's...
MOSUSD Weekly neutral with a bullish bias. Recommended ratio: 55% MOS, 45% Cash . *Fertilizer and grain prices are going down as supply chains ease due to a deal between Russia, Belarus and Ukraine that allows sanctions on fertilizer exports from Belarus and Russia to be lifted in exchange for Russia allowing Ukraine to resume grain exports from the Black Sea...
US Wheat futures ( ZW1!) is in ABC zigzag in 4 hr chart from last major low as shown on the chart. It has completed impulse wave A and B wave as complex wxy correction, where w and y both are zigzag in nature. B wave is now over. So C wave will be the next big up move expected, which is an easy swing trade as per Elliott wave set up. Wait for confirmatory...