Now that the index funds appear to be willing to cover at least some of their extreme short positions in grains, what are some potential technical price targets to consider for the next round of sales or hedges?
See technical analysis for the the trade in the May 2019 Orange Juice (IOJ-MK19) from the Cullen Outlook. Check out the price action that has gone in our favor.
In our new podcast we go over the macro economy, the latest in the US/China deal, the wheat reversal, why we like corn, hogs, and crude but we don’t love cattle!
Drew Rathgeber’s latest commentary and market overview! Click video to watch updates on the Euro, DowJones, Gold and more…
Beyond the Spotlight for the week of February 11, 2019 covers the Swiss Franc and Cotton markets. Watch now to look ahead with us, while potentially creating additional trading opportunities for yourself.
“Index Funds” have the deepest pockets of anyone in the futures markets. That’s why it is so insightful to know how they are positioned relative to historical standards.
See technical anaysis that led to the trade in the May 2019 Sugar.
In our last video, we set the table for how the price pressure into delivery/first notice day looked in past months and the potential for bounce back in the days following. Are we beginning to see that similar pattern play out again in corn?
We are back from Commodity Classic in Orlando, FL! Thanks for everyone who came by booth 1061 and said hello. We had a lot of Turner’s Take Podcast listeners come by. That was great and made the trip worth it. I tried to do a podcast from our booth but the sound quality was awful. Oh well. In our podcast today we go over what we heard at Commodity Classic, the US/China trade deal, and our outlook on grains, livestock, and energy. Make sure you check out our latest episode of Turner’s Take Podcast!
In this morning’s note for the EMini S&P futures, I suggested we might look to short the market if it the overnight rally failed. Friday had been a rally out of a breakout setup and I have long told my readers to be suspicious of Sunday night moves as they often reverse on Monday. This… Read more.