August 2020 Editors Comments

Wednesday, 01 July 2020 08:51 Melissa Moore
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Special Historical Reports

MRCI publishes a new round of volumes in its series of special reports each year.

Hottest off the press:

2020 Historical Energy: this 280-page volume features seasonal analysis for crude oil, gasoline, heating oil, and natural gas; with seasonal patterns and weekly charts for each delivery month and several spreads, including product and crack spreads; with 190 seasonal and spread strategies.

Recently published:

2020 Historical Softs:  this 154-page volume features seasonal analysis for cocoa, coffee, cotton, orange juice, sugar, and rice; with seasonal patterns and weekly charts for each delivery and several spreads; presents 84 seasonal and spread strategies.

2020 Historical Soybean: this 174-page volume features seasonal analysis of each member of the soybean complex soybeans, soybean meal, soybean oil with seasonal patterns and weekly charts for each delivery and several spreads, including those for product and crush; with 128 seasonal and spread strategies.

2020 Historical Grains: this 174-page volume contains seasonal analysis of corn, oats, and wheat (CBOT, KC, MGE), with seasonal patterns and weekly charts for each delivery month and several spreads; best of all, presents 122 seasonal and spread strategies, both intra- and intermarket.

2020 Historical Live Cattle/Feeder Cattle this 148-page volume contains seasonal analysis in the cattle complex, with seasonal patterns, weekly charts, and historical daily charts for each delivery month of these two markets; includes cash data for several markets; presents 66 seasonal, LC/LC and FC/FC spreads, and FC/LC spreads.

2020 Historical Lean Hogs & Hogs/Cattle Spreads: this 126-page volume analyzes seasonal movement in lean hogs, with seasonal patterns and weekly charts for each delivery month and several spreads between them, and historical daily charts: contains 76 seasonal and spread strategies in hogs and cattle/hog spreads.

2020 Historical Lumber:
this 52-page volume explores seasonality in lumber futures, with seasonal patterns and weekly charts for each delivery month; presents 18 seasonal and spread strategies.

 

CRB & Physical Commodities

So, with stocks especially the NASDAQ soaring, and on or about June 30:  Gold hit $1800?  Natural gas may have finally hit bottom at $1.432?  Corn set a bottom just as pollination season arrived along with a couple of weeks of temperatures forecast to be above 90 degrees in central Illinois?

Have copper, cotton, coffee, sugar all set major bottoms in the last couple of months?  Crude oil may not go anywhere but is poking at +$40 rather than -40 (a forever bottom?)

According to the Bloomberg Commodity Index (which most closely tracks the old CRB Index) the panic low made in April was the lowest since June 1975. To believe that either or both will be exceeded would seem to require a fear of absolute economic catastrophe.

Will seemingly unlimited money creation around the globe allow that to happen before generating at least a bout of inflation?  Will politicians allow debt to crush everything and everyone?  Or will they do anything and everything to prevent it?

Not only is the season of heat and hurricanes upon us also the political.  Whither thou goest US dollar?

What can you possibly do but ...


Trade 'em,


Jerry Toepke




Last Updated on Tuesday, 04 August 2020 04:22