MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Feb 1, 2014 06:27 AM CST

Sometimes one can look at a chart and it is easy to see what has happened. Take the long-term Chicago wheat monthly chart as an example. One glance and the most casual observer will see that the market is locked in a downtrend, a move that has seen the nearby contract fall below support near $5.99 1/4.

The usual driver of such a strong move is evident once again, as noncommercial traders maintain a large net-short futures position (bottom study, blue histogram). In the final CFTC report for the month of January (positions as of Tuesday, January 28), noncommercial traders ...

Quick View
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
Newsom on the Market
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Technically Speaking Blog
DTN Closing Grain Comments