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Corn futures putting in a major low?

As we turn our newsletter focus to grains this month, here we chart corn futures as one example of a contract that may be ready to bounce.

The Day Ahead 2016-08-19

Equity futures are down a modest amount overnight. That can run into the early morning trade today but expect support to be found an the market to hold up into next week.

Grains ETN at major support

As with most commodities, grain prices have been following a generally downward path since 2012. However, there are good technical reasons to watch for support – possibly even a major low or bottom in grain prices.

The Day Ahead 2016-08-18

Continue to look up in the S&P 500 (SPX) as they should challenge the round number, 2200, before being vulnerable to a retrace.

Corn futures

I have been keeping an eye on the ETN that covers grains and soybeans, will post charts on a separate post, and think there may be a decent low being set.

The Day Ahead 2016-08-17

Probably a pretty sedate day until the FOMC minutes at 14:00. Perhaps some volatility creeps in with the crude inventory number at 10:30.

Natural Gas via (UNG) 2016-08-16

The decline form the 2014 should be in the late stage but does not appear to be over just yet.

The Day Ahead 2016-08-16

S&P 500 continues to inch closer to the next big round number of 2200. Prefer the market not lose much ground today and continue to attempt to test 2200 or a bit more.

The Day Ahead 2016-08-15

This month has held thus far to the usual summer trading pattern with relatively sedate equity markets.

Watching for lower high in treasury bonds this summer

With interest rates at historic lows, the 30-year U.S. treasury bond has reached new highs since we last wrote about it in March. We continue to believe bonds are going through a topping process, and in fact the high may already have been reached.