GOOD MORNING, The markets continue mixed this morning. The larger question given the sell-off is whether the bull market is over? Will funds remain long futures if prices continue to slowly leak lower? A "v" shaped top drove Nov beans to its lows, and the market hunts for price stability. Open interest in the bean market suggests there are now new shorts mixed in with old bulls, and the combination of the two is what trading ranges are made of. A noted correction today is seen for those who have been buying meal and selling soyoil all week. Wheat remains a technical affair with US HRW more expensive than Russian origin, and more expensive than French or Black Sea. Rumors about de...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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Illuminating the value of technical research
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