Rand was firm after SARB rate decision to lower interest rates by 0,25%. The rand initially moved to 13,03, but strenghtened from these levels. Currently trading … Read More
First time we seen CBOT moved above resistance levels after it kept above the 100 day moving average, not been able to drop below this level.Planting progress is … Read More
November WASDE report, released yesterday afternoon, showed the following: U.S. corn production forecast came in at a record 15.23bil bu vs expected 15.04bil bu whilst the … Read More
The red additions to the stacked bar chart below indicate the increase in U.S. corn harvested over the past week. U.S. corn harvested now stand at … Read More
Chicago corn prices breakout? Not yet…Below is a 4hr chart portraying the trade action for the DEC16CORN contract (ZCZ2016) traded in Chicago. The contracts price tested … Read More
The most recent U.S. crop progress report showed corn harvested at 61% vs the 5yr average of 62% and vs expectation of between 60% – 64% … Read More
Below is a 4hr candle stick chart portraying the trade action for the DEC16CORN contract traded in Chicago. Corn prices tested resistance at $3.58 for a … Read More
Chicago corn prices drifted higher over the course of Friday’s session as U.S. corn export sales remain strong this quarter. Corn exported for the latest week … Read More
This is what we saw in the October WASDE report: U.S. corn production came in-line with expectations at 15.06bil bu vs exp 15.06bil bu and vs … Read More
The latest U.S. crop progress report showed the countries corn ‘good-to-excellent’ rating remain UNCH at 73%. A comparison between the current year in red and the … Read More