March soybean oil (ZLH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March soybean oil futures that prices are trending higher and this week hit a two-month high. See, too, at the bottom of the chart that the moving average convergence divergence indicator is in a bullish posture, as the blue MACD line is above the red trigger line and both lines are trending up. The bean oil bulls have the near-term technical advantage. More News from Barchart Fundamenta ...

March corn (ZCH26) futures present a buying opportunity on more price strength. See on the daily bar chart for March corn futures that prices are trending higher and last week hit a four-month high. The bulls have the near-term technical advantage. More News from Barchart Fundamentally, domestic and export demand for U.S. corn remains strong. Recent rallies in soybean (ZSF26) and wheat (KEZ25) (ZWZ25) futures markets have also supported upside price pressure in corn futures. A move in March corn future ...

January orange juice (OJF26) futures present a selling opportunity on more price weakness. See on the daily bar chart for January frozen concentrated orange juice futures (FCOJ) that prices are trending lower and this week hit a multi-month low. The bears have the firm near-term technical advantage. That means the path of least resistance for prices remains sideways to lower. More News from Barchart Fundamentally, FCOJ futures prices are declining amid good production outlooks in countries like Brazil a ...

Core Insights - December soybean meal futures are showing a buying opportunity due to a developing uptrend and reaching a seven-week high [1] - The global supply and demand balance for soybeans is favorable for bullish sentiment, despite trade tensions between the U.S. and China [2] - Historical data indicates that soybean meal prices below $300 per ton represent a value-buying opportunity [2] Technical Analysis - A breakout above the resistance level of $291.00 in December soybean meal futures would strengthen bullish momentum and create a buying opportunity [3] - The target price for potential upside is set at $315.00 or higher, with technical support identified at $280.00 for protective sell stops [3] Market Context - The current market conditions reflect a bullish outlook for soybean meal, driven by favorable supply-demand dynamics and technical indicators [2][3]

Core Viewpoint - The article suggests considering the purchase of a put option on December silver futures due to indications that prices may be nearing a short-term peak, despite recent record highs driven by safe-haven demand [1][2]. Price Trends - December silver futures prices have reached record highs this week, but historical data indicates that prices above $50 do not remain elevated for long [2]. - The Relative Strength Index (RSI) shows bearish divergence, indicating that while silver prices have reached new highs, the RSI is trending downward from its late-September peak [2]. Fundamental Drivers - Safe-haven demand has been a significant factor in driving up silver prices, influenced by the U.S. government shutdown and U.S.-China trade tensions [3]. - Historical context suggests that the U.S. government will reopen, and recent easing of tensions in the Middle East may also impact silver prices [3]. - Although U.S.-China trade tensions are currently high, there is an expectation that both nations will seek to reduce rhetoric to avoid a damaging trade war [3]. Trading Strategy - The article recommends buying a well-out-of-the-money put option on December silver futures, as current high volatility allows for potentially profitable trades even with less expensive options [4]. - The downside price objective for this strategy is set at $40.00 or below, with options expiring in late November [4].

Core Viewpoint - December cotton futures are currently presenting a selling opportunity due to ongoing price weakness and bearish technical indicators [1][2]. Technical Analysis - December cotton futures have recently hit a contract low, indicating a downward trend in prices [1]. - The MACD indicator shows a bearish posture, with the red MACD line below the blue trigger line, both trending lower, suggesting a solid near-term technical advantage for cotton bears [1]. - A move below the support level of 64.00 cents in December cotton futures would signal a selling opportunity, with a downside price objective of 60.00 cents or below [3]. Fundamental Factors - U.S.-China trade tensions have significantly impacted the U.S. cotton market, as China, a major cotton importer, has reduced purchases of U.S. agricultural products due to these tensions [2]. - The increasing popularity of synthetic fibers, particularly in active and athletic apparel, has led to a decline in demand for cotton [2]. Resistance Levels - Technical resistance is identified at 66.00 cents, where a protective buy stop should be placed just above this level [3].

Core Viewpoint - March sugar futures are currently presenting a selling opportunity due to ongoing price weakness and a bearish technical outlook [1][2]. Group 1: Market Trends - Sugar futures prices are trending down, influenced by an anticipated increase in global supplies, particularly from major producers such as Brazil, India, and Thailand, which are expected to have record production for the 2025-26 season [2]. - The increase in sugar production is projected to create a global surplus, exerting further pressure on sugar prices [2]. Group 2: Technical Analysis - A significant move in March sugar futures below the strong chart support level at 15.76 cents would signal a selling opportunity, with a downside price objective set at 13.25 cents or lower [3]. - Technical resistance is identified at 16.86 cents, where a protective buy stop should be placed just above this level [3].

Core Insights - November frozen concentrated orange juice (FCOJ) futures are showing a buying opportunity due to price strength and a near-term technical advantage for bulls [1][2]. Price Trends - FCOJ prices are currently in a choppy uptrend, with a significant resistance level at last week's high of $2.5495. A breakout above this level would enhance bullish momentum and present a buying opportunity [1][3]. - The upside price objective for FCOJ futures is projected to be $3.100 or higher, while technical support is identified at $2.3025 [3]. Fundamental Factors - The support for FCOJ prices is driven by factors such as citrus greening disease and adverse weather events, including hurricanes and droughts, which have negatively impacted orange production in key regions like Florida and Brazil [2]. - Increased consumer demand for orange juice is also contributing positively to FCOJ prices [2].

Core Viewpoint - December coffee futures present a selling opportunity due to recent price weakness and potential bearish patterns forming in the market [1][2]. Price Movement and Technical Analysis - December coffee futures have experienced a sharp price drop followed by a slight rebound, currently pausing, which is not indicative of a bullish trend [2]. - A bearish flag or pennant pattern may be forming, and the MACD indicator has shown a bearish crossover, with the blue MACD line crossing below the red trigger line, both trending lower [2]. Fundamental Factors - Coffee futures prices have declined due to improved weather conditions in key growing regions like Brazil, leading to increased coffee supply and alleviating previous supply deficits [3]. - Recent rainfall and a positive outlook for the Brazil coffee harvest have contributed to the downward pressure on futures prices [3]. Support and Resistance Levels - A drop in December coffee futures below the solid chart support level of 350.00 cents would empower bearish sentiment and create a selling opportunity, with a downside price objective of 270.00 cents or lower [4]. - Technical resistance is identified at 380.00 cents, where a protective buy stop should be placed [4].

Core Viewpoint - December micro WTI crude oil futures are presenting a selling opportunity due to anticipated price weakness, with a current downtrend and slight technical advantage for bears as prices remain above key support levels [1][2]. Group 1: Market Conditions - Global crude oil demand growth is slowing while supplies are increasing, highlighted by a recent OPEC-plus production quota increase [2]. - The International Energy Agency has issued a warning regarding an impending global crude oil supply glut [2]. Group 2: Technical Analysis - A decline in December crude oil futures below the August low of $60.57 would empower bearish sentiment and create a selling opportunity, with a downside price target of $53.00 or lower [3]. - Technical resistance is identified at $64.00, where protective buy stops should be placed [3].