Even one of the strongest of chart signals did not permanently break the corn rally last week. This market has not been shot, stabbed, or bludgeoned into submission so far. It has a life of its own, maybe helped by the outside markets. While petroleum futures were making a record one-day move in reaction to [...]

The reality is that supply is going to get tighter as the market year goes on. This is driving corn prices toward the record highs of the 2008 year.

Not even Marvin Gaye can tell us what’s goin’ on in the grain markets these days.

Some corn, soybean, and wheat contracts made new highs once again on the Chicago Board of Trade, but significant losses overnight going into the Tuesday trading have the new highs standing out on the Board.

We wait with abated breath the results of USDA’s research to see if the trading of the last couple of months makes sense. Then, we anticipate the reaction to the reports.

Sell everything you own or have nerve to sell ahead in the next two weeks!

Six weeks ago, and a little more, we finally made the big highs in corn and soybeans. I had been impatient, had predicted highs several times, and was finally right. As prices broke there were, as usual, technicians who said there was still room on the chart for one more leg up. Leg up Then [...]

Grain markets have stabilized on the Chicago Board of Trade in recent days. That is a nice way of saying that we have seen small gains after large losses, without a real sense of direction being established. Market moves December corn futures have retraced nearly a third of the large loss. We fell from the [...]

We in the grain business are hanging on with both hands to the mechanical bull market. It goes up, it goes down, and it eventually throws you off on your face.

Grain markets continue to confound observers, as new highs keep flowing as combines keep rolling. Corn, soybeans and wheat have all made new highs or returned to the high in the case of wheat. This is happening even as we are finishing harvest, a time normally of declining prices. Take your pick of the reason. [...]