Today’s low was 3.3% off the record high posted 10 days ago.

This is a weekly chart for Dow Futures.  Given the hysteria today,  I started looking at where there MIGHT be TECHNICAL SUPPORT.    Food for thought if you are 1) short and looking for a down side recovery point, or 2) looking to step in and buy on a “dip”.  Remember, with the Dow at 17000,   percentage points are much more important than raw numbers.
The talking heads on TV like big numbers but decline to talk about the percentages.    300 points  with the Dow at 6,500 (back […]

New Lows and Crop Conditions – Traders Exclusive – Chris Robinson talks about corn, wheat, and bean crops. The crop conditions are good to excellent and the weather is prefect. There is no turn around Tuesday so far.

New Lows and Crop Conditions – Traders Exclusive – Chris Robinson talks about corn, wheat, and bean crops. The crop conditions are good to excellent and the weather is prefect. There is no turn around Tuesday so far.

Volatile Day of Trading; Look out for Tomorrow

Today, November beans rallied 22 cents off the lows right after the announcement of the plane crash in Ukraine. Once digested, the market reversed and headed lower.  Today was a day where it was almost unavoidable to get stopped out.  I entered the day wanting to be short the grain rally.  We were stopped out.  After the gyrations, the model took us from net long to once again net short.
We’ll see how tomorrow plays out, now that we have more geopolitical machinations on the 24hour news cycle. As of this writing , Israel has begun a ground invasion into Gaza.  Its any one’s guess […]

Grains Bounce after Friday’s Debacle

July 14, 2014

Written By Chris Robinson

Corn: September Corn settled up 3 ¼ cents at $3.81 ½. After falling to a new low for the move in the electronic overnight session at $3.74, the contract trended higher, regaining 7 cents from that low. Crop conditions came in at 3PM and came in at 76% good to excellent. This is 1% better than last week’s 75%. Corn pollination was reported at 34% vs 15% last week. Focus will be […]

Last Friday’s USDA Moves the Grains

July 11, 2014

Written by Chris Robinson

Corn: September corn closed down 8 cents at $3.78 ¼. December new crop corn settled down 8 cents at $3.84 ¾. This is a fresh 4 year low as well as new contract lows for both September and December. For the week, September corn dropped 31 cents, while December dropped 30 cents. Both contracts left gaps on the weekly charts as well. The USDA report pounced on the market at 11 AM. […]