Tag Archives: Corn

June 12, 2018 – Commodity Weekly: Calm commodity markets ahead of Fed, OPEC

Mr Price Action/ June 13, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodity markets had a volatile week but currently they are rather calm ahead of key events, the FOMC reate decision today and the OPEC meeting next week. Crude is stable just above recent lows while yesterday API reported surprise built up in crude and even bigger rise in gasoline inventories.Corn reacted strongly on bullish Wasde data as market expected increase

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May 21, 2018 – Commodity Weekly: Commodity markets in bullish mode despite strenghtening dollar

Mr Price Action/ May 22, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodities had a pretty strong few days as the Brent driven oil rally helped to lift prices in most of the sectors. The strengthening dollar hit precious metals the most, but the selloff wasn’t particularly heavy. Extreme speculative positioning however represents significant threat of possible volatile corrections for many commodities. Oil The oil market was primarily driven by the withdrawal

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Apr 4, 2018 – Commodity Weekly: Crude, Corn forming double top, more downside for sugar ahead

Mr Price Action/ April 4, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

While Crude corrected ahead of key resistance on easing ME tension, grain traders were surprised by the USDA corn and soybeans ending stocks (higher than estimates) and acreage estimates (surprisingly balanced). Sugar is on the other hand pressured by strong production in India despite Brazilian producers are shifting to ethanol and its a surprise its holding so well despite the

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Feb 13, 2018 – Commodity Weekly: Suffering commodity space offered nice trade opportunities

Mr Price Action/ February 13, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

A great week for traders is behind, the volatility finally arrived to the commodity markets and more sectors had nice moves during this period. The biggest movers were in the Energy sector were oil and distillates joined the falling natural gas as the updated 2018/19 predictions of increasing US production surprised the markets. The Agri sector had on the other

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Feb 6, 2018 – Commodity Weekly: After the support of weak dollar diminished, commodities joined the selloff

Mr Price Action/ February 6, 2018/ Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

After a supportive week of depreciating dollar commodities are getting hit by sell off in equities and overall negative sentiment in risk assets. While the dollar should have been helping commodities rise, it wasn’t entirely the case even last week and the air was filled with tension especially after the FOMC meeting on Wednesday where the Fed noted inflation is

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Jan 15, 2018 – Commodity Weekly: Oil bulls pushing prices higher, corn and sugar falling

Mr Price Action/ January 16, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Last week continued the spectacular oil rally as inventories are dropping and Trump threatened to abandon Iran nuclear deal. The grains had hard time after bearish WASDE report although soybeans seem to get some extra boost, both corn and wheat were suffering. The soft sector had a rather bad week too with Sugar #11 dropping almost 7% testing key support

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Jan 8, 2018 – Weekly Commodity – Commodity Index rebalancing may bring corrections this week

Mr Price Action/ January 9, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

The second week of the year is usually about Commodity Index rebalancing. During this process Commodity Index funds adjust their portfolios to those indices they follow. This often results in buying the worse performing commodities and selling the high performers. Some commodities may see a short term bounce or drop but without fundamental support any correction will be short lived Oil

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Jan 1, 2018 – Weekly Commodity – Strong year for metals, good for crude and a disaster for agriculture

Mr Price Action/ January 1, 2018/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

2017 was very good year for the metals, especially industrial metals were in favour of investors after the EV euphoria spread all over the market place. Crude had also a good year, lathough the main rally came on the second half of the year. The agricultural sector was hot hard by another strong harvest season. The coming year is promising for

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Oct 2, 2017 – Weekly Commodity – Opportunities ahead in Crude, Corn and Sugar as well

Mr Price Action/ October 1, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes Posts/ 0 comments

Commodity markets are currently in a difficult situation as combination of fundamentals and stronger dollar both added pressure. However the technical picture reveals medium term opportunities in all three commodities we follow. The crude oil had a nice rally behind but despite promising news about growing demand, could hold recent highs. During the brent driven rally the spread between WTI

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Aug 14, 2017 – Weekly Commodity: Risk off sentiment and bearish reports hit commodities

Mr Price Action/ August 14, 2017/ Charts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

It was a week of swings in the commodity markets with several reports and events driving the market sentiment. The Bloomberg commodity index first jumped 1.4% and then dropped to close the week with only half percent gain. While precious metals and coffee where among the biggest winners, oil and especially grains lost the most. Crude According to the IEA,

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