Market Signals Weekly Report

The following are comments and discussion items from the weekly conference call of the Market Signals Team.

Discussion Items:

• Volatility in most commodities continues due to talk of continued Ukraine war, drop in China demand due to covid and US Fed raising interest rates. This week’s USDA report will add to price volatility.
• Last week, July soybean futures traded from high near $16.88 to today’s low near $15.78. This due concern demand could slow due to lower economies.
• Soybean and corn futures are becoming oversold and below key Moving average price levels.
• Last week, July corn futures rallied from a high near $8.13 to a low today near $7.69. Drier US Midwest planting weather offered resistance.
• Last week, July Chicago wheat futures traded from a low near $10.34 to a high today near $11.35. Drier US south plains and EU weather and wet US north plains and Canada weather offered support.
• Trade estimates US corn plantings near 25 pct vs 14 last week, soybeans 16 vs 8, spring wheat 28 vs 19, WW crop is est to be rated 28 pct G/E vs 27 lw.

Performance Charts

Now you can review the price and performance history of the Market Signals group back to 2011.
Click Unsold pieces to reveal Recommendations, when applicable.

All price recommendations below are futures price references (not cash equivalents).