Wheat is a notoriously difficult market to trade.  With it's extremely high cost of carry, not only do you have to be directionally correct, but timing needs to be near perfect as well. Every so often we get a technical setup which offers us great odds, and the recent selloff … [Read more...]

Commercial Net Positioning for Nasdaq Futures hit a very bullish 93% score this week, on a 18 month relative basis. Given a 18m score of 92% or better, price distribution favors bulls - With a 20 day forward 70th Percentile advance of 80.75 points, versus declines of only … [Read more...]

  Over the past 4 weeks as Crude has cratered to $55, Commerical traders added 117.6k Futures Contracts while Funds sold 112k  - This activity scores 99% for Commercials on a 18month Relative basis,  and a very bearish 4% for funds. Historically, price dispersion given … [Read more...]

The Greenback has been on a tear since the April 17 low, rallying over 9%  and creating a negative headwind across the commodity complex.  While we were anticipating a top in mid July @ the 95 level, prices broke out above that major resistance level, driven by EM currency … [Read more...]

Coffee Producers and Commercials have been extremely long throughout most of 2018.  What historically has been a reliable indicator to position long with 70 percentile moves 20 days forward of 5:2 in bulls favor, has seen the complete opposite this year with prices posting odds … [Read more...]