Soybean Meal: The Stage Is Set

It’s just my opinion, but the popular “take” on why futures markets do what they do sounds less and less like the wise and steady Owl AND more like the chicken with its head cut off. Harsh? Well, you be the judge. The following May 14 news stories on Soybean Meal say more than enough... 

Sugar and Orange Juice: Two Markets To Focus On
Markets rarely travel in a straight line.

Sugar prices have been falling this week. "Of course, it's nice that prices are falling since we're looking down," writes Elliott Wave International's Senior Commodity Analyst Jeffrey Kennedy. "However, markets rarely travel in a straight line. So, within wave (1), where exactly are we?"

Commodity Futures: Corn Up, Cattle Down?
Market correlations only work until they don't.

"The manner and extent of the advance from the March low argues that the selloff [in Live Cattle] that began in August 2007 has ended," argues in his April 28 Daily Futures Junctures EWI's Senior Commodity Analyst Jeffrey Kennedy.

Futures: One of 20 Opportunities
"Fundamentals" is not everything.

Futures: Avoid the Sugar Rush?
Now that sugar has reached a four-week high, will prices keep rising?

Sugar futures rallied to a four-week high today (April 15) – a move that had financial media outlets everywhere scrambling to figure out exactly why everyone’s so "high" on the commodity.

Latest On Commodities: Tax Break

EWI's brand-new, April 11 Monthly Futures Junctures gives you the latest on over a dozen major commodity markets. Here's what's inside...

Soybean Meal: You Don't Want To Miss Next Wave
How do you know WHERE a wave 2 correction may end and give way to wave 3, the most powerful wave?

By applying this rule of Elliott in your trading, you always know the exact price point where your "wave two" is no longer a wave two. Which means that you always know the exact price point where to place your stop-loss – a cornerstone of proper risk management.

Futures: Learn To Recognize Complex Corrections
What IS a complex correction, in Elliott wave terms?

Here’s a quick pop quiz for you. Name the two types of Elliott wave corrective formations in these charts. These are the most basic and common corrective patterns in Elliott wave analysis...

Cocoa Futures: All You Need Is Basics
How much Elliott wave analysis do you need to know to make basic price forecasts?

Lean Hogs: What Does Price Gap Mean For Trend?
How does a price gap fit into an Elliott wave pattern?

"Now for a simple lesson in basic chart analysis: Gaps usually occur in wave three, the strongest of the three impulse waves. It does not matter if you are looking at a one-minute chart of the S&P, or a monthly Copper chart. Find a gap, and..."

Corn and Wheat: Telling Wave Pattern Hints At What's Next
How do you know when a pause in the market is just a pause or a trend change?

Cotton: Opportunity Getting Ripe
Elliott Wave International describes a budding potential opportunity in Cotton.

Coffee Futures: Watch Out For The "Hockey Stick"
Elliott Wave International describes a peculiar variation of an Elliott wave pattern using coffee futures as an example.

If you’ve ever watched an ice hockey game, you know that a hockey stick can be an artistic tool, producing slack-jawed, “did you see that?!” moments. Funny enough, there’s an Elliott wave pattern that goes by the same name. And the outcome of the “Hockey Stick” in wave analysis can produce almost the exact same reaction.

Soybeans, Corn and Wheat: Scared By Equities?
Elliott Wave International takes a look at the recent sell-offs in grain commodity markets.

Despite the ongoing turmoil in the stock markets, commodities – such as grains, for example – have remained relative "safe havens" due to their strong rallies. But now, some analysts say that even commodities are starting to crumble under pressure. For answers, we go to Jeffrey Kennedy, EWI's Senior Commodities Analyst.

New Monthly Futures Junctures: Pot Of Golden Opportunities
Elliott Wave International reveals the content of its brand new, March 2008 commodities publication.

Soybeans, Wheat, Corn, Cocoa, Coffee, Sugar, Cattle – and more. This St. Patrick’s Day, you could follow a make-believe leprechaun to a non-existent pot of gold at the end of a rainbow. Or – you could follow EWI's real-life Senior Commodities Analyst Jeffrey Kennedy to his “pot” of golden insight on the world's leading commodity markets in the just-published, March 14 Monthly Futures Junctures.

Coffee Futures: Opportunity Heats Up
Elliott Wave International describes inconsistencies between the recent supply stories about Coffee and its subsequent price action.

Rule number ONE of conventional economics states: Commodity prices are driven by changes in supply and demand. When it comes to the real world, however, financial markets DO NOT always play by said rule. Take, for instance, the March 13 news items regarding the number of Coffee plants expected to reach fruition.

Sugar Futures: Market Sentiment Is Key
Elliott Wave International discusses the current sentiment reading in Sugar futures and its implications for the trend.

Sentiment is the filter through which traders evaluate everything they know and think about a market. Optimistic traders easily accept bad news and focus on the positives. Pessimistic traders dismiss past successes and focus on fears instead. It's a timely observation, too – because sentiment in Sugar futures happens to be pretty optimistic right now.

Cocoa Futures: Rules of Elliott – Important Nuance
Elliott Wave International describes an important nuance about a rule of Elliott as it applies to the Cocoa futures market.

In yesterday's story about Soybean futures, we talked about the Three Rules of Elliott. Today, let's look at the second rule: "Wave 3 is never the shortest among waves 1 and 5," as it applies to the current picture in Cocoa futures.

Soybean Futures: A Rule Violation?
Elliott Wave International explains how knowledge of the 3 Rules of Elliott can help improve one's risk management.

Any market forecast is just that -- a forecast. It's a truism all right -- but one that bears repeating. All too many traders fall into the trap of thinking that what has been proposed as a market's most likely path MUST indeed be the path, forever and ever, amen. If only it were that easy.

Commodities: Focus on Four Markets
Elliott Wave International discusses the reasons why four specific commodity may be offering a potential opportunituy right now.

On most days, Elliott Wave International's Daily Futures Junctures' editor Jeffrey Kennedy looks for just ONE price chart that pops out to say "HERE" is a potential near-term opportunity. On some occasions, however, multiple markets burst out of the crowd. In tonight's (March 6) Daily Futures Junctures, Jeffrey Kennedy excitedly shows you that now is such a time.