Loading…
The July 2018 oats contract closed at $2.42, up 8 cents on the week, and remains in an intermediate-term uptrend. July rough rice closed at $12.325, down 33 cents, with technical signals pointing to a possible further leg lower.
Cotton and coffee also posted weekly moves in a technical market wrap.
This is routine technical commentary describing price moves without a new fundamental cause, so it has little direct bearing on feed supply or demand.
dtnpf.comMay 20, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Weekly wrap shows July rough rice down 33 cents to $12.325 with technicals pointing to further downside, directly reflecting the price slide and momentum selling in the window.
Weekly wrap shows July rough rice down 33 cents with technical signals pointing to further downside, so momentum and technical selling plausibly carried into the May 23 drop, though it describes the prior week rather than a new fundamental driver.
DTN weekly wrap showed July rough rice down 33 cents on the week with technical signals pointing to a further leg lower, consistent with continued downside momentum into May 22.
