Red spring wheat, grading No. 1, 13.5 per cent protein, reached $8 per bushel for the 2012-13 crop year. This is the highest price farmers have been able to lock […] Read more
Drozd: Spring wheat posts highest price of open market era
Drozd: Classic ‘head + shoulders top’ confirmed downturn in oat prices
To those less familiar with charting and technical analysis, the recent drop in oat prices may have come as a bit of a surprise. What I have found in my […] Read more
Drozd: Reversal patterns signal a downturn in cattle prices
Markets can and often do change direction on a moment’s notice. Cattle prices were at a record high in early March 2012, but quickly turned down and dropped below the […] Read more
Drozd: Harami alerts hog farmers to downward correction
After rallying up, but failing to fill a gap between $91.475 and $91.650, lean hog prices on the weekly nearby candlestick chart turned back down on Feb. 24. The ensuing […] Read more
Drozd: Breakaway gap alerts soybean growers to counter-seasonal rally
On Dec. 19, 2011, a breakaway gap materialized, alerting soybean producers and traders alike to a sudden change in the price direction of the soybean market. In fact, this gap […] Read more
Drozd: Cattle rally to new historical high to begin 2012
Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or […] Read more
Drozd: How the euro impacts wheat prices
Charting and technical analysis may be likened to reading a price roadmap where patterns form on the chart representing the road signs. If one is going to undertake a study […] Read more
Drozd: Downtrend continues, Chicago wheat posts new contract low
Wheat prices at the Chicago Board of Trade (CBOT) have dropped more than $3 per bushel since peaking in February 2011. A two-week reversal signaled a change in trend on […] Read more
Drozd: Topping action in soybean meal alerts livestock producers not to panic
Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of […] Read more
Drozd: Gold shines in light of economic uncertainty
Gold has garnered a lot of attention since nearly doubling in price over the past three years and gaining over 600 per cent this past decade. Gold’s lustre comes from […] Read more