Mar 14 gave up 51 points on today to settle at 87.33. The settlement was within the lower one half of today’s 120 point trading range (86.95 – 88.15).
The overbought technical condition of the front month has dissipated and the technical bias is quite bullish.
For tomorrow, our directional call for Mar 14 is…
Mar 14 gave up 29 points on today’s volatile trading action to finally settle at 87.84. The settlement was within the upper one quarter of today’s 156 point trading range (86.64 – 88.20) that was almost completely on the negative side of yesterday’s 88.13 settlement.
The technical bias for the front month continues to be for further upward price movement as indications of the market’s overbought condition faded somewhat today.
For tomorrow, our directional call for Mar 14 is for…
Mar 14 made yet another move higher today to settle at 88.13 for a 133 point gain on the day. The settlement was within the upper one quarter of today’s 208 point trading range (86.35 – 88.43).
The news that China will officially end its cotton and soybean stockpiling program within the current calendar year did little to slow the cotton market, but was taken as bearish for the soybean market.
For tomorrow, our directional call for Mar 14 is for …
…And it was because of a very strong export report that now has nearly everyone involved questioning the validity of the USDA’s latest US ending stocks estimate of 3M bales. …
…The commitments of traders report evinced that large funds and holders of non-reportable positions, combined, held firm to their net long position W/W, and on-call sales increased appreciably for aggregated months remaining in the current MY…
For the week, we will call for …
Mar 14 made another move higher today to settle at 86.80 for a 61 point gain on the day. The settlement was within the upper one half of today’s 125 point trading range (85.39 – 87.14).
The technical bias for the front month continues to be for further upward price movement, although signs of the market becoming overbought, on a daily basis, are now emerging.
For Tue, our directional call for Mar 14 is …
