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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
DTN Before The Bell Grain Comments
Newsom on the Market
DTN Early Word Opening Livestock
DTN Early Word Grains
Harvest Revenue Insurance Prices
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
CME Earnings Rise 23%