Today Statistics Canada updated their seeded acreage report for the major crops. Watch our video below for insightful commentary from David Drozd, Senior Grain Marketing Analyst from AgChieve.
Sometimes it just does not pay to ignore what the charts are telling you. Case in point, soybean meal futures exploded higher after a two month reversal materialized on the monthly nearby futures chart. This reversal pattern indicated a change in trend and is illustrated in the accompanying chart. Since its development on March 31st, […]
Corn futures at the Chicago Board of Trade rallied to a nine month high in April 2016. The $.55 per bushel gain may have come as a surprise to some market participants, given USDA is forecasting global corn ending stocks to be record large in 2015-16. However, there were signs the market had stopped going […]
The Canadian dollar has been having a short covering rally for the past few months, gaining nearly .1000 relative to the U.S. dollar. However, the major trend remains down as this market continues to put in lower highs and lower lows. The Canadian dollar was at par with the U.S. dollar in February 2013. For […]
In today’s market outlook we will look at reversal patterns that show up in complimenting commodities, which are a valuable tool for recognizing market turns.