CBOT May 2019 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Wheat rebounds from seven-month low

Chicago | Reuters — Chicago wheat futures rebounded on Thursday after a four-day slide, while the grains market overall steadied as U.S. and China trade negotiators sketched an outline for what could be a deal to end the trade war. Thursday’s technical bounce in wheat was encouraged by optimism over the trade negotiations, which also […] Read more


ICE May 2019 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more