Lean Hog Perspective, Jeremy Knutson

Corn – Dec ’11 had enormous volume the last couple of days and is building up for a breakout of the current $6.25 to $6.65 range that we have been in for nearly a month.  I favor the upside on this breakout but I’m beginning to question whether or not it will happen.  Fundamentally I think we [...]

Corn – Dec ’11 corn finally had some volume trade today and managed to close above the $6.55 1/2 level that has been so difficult to get above.  I’m of the opinion that the market wants to break out above the $6.65 1/2 area and travel up toward the $7.00 area.  All bets are off with [...]

Corn – Dec ’11 corn continues to fail above the $6.55 price level.  The market has been in a sideway’s trade range for the last three weeks ranging from $6.22 to $6.65 1/2.  This sideway’s range is doing nothing but building energy to create a pop in the market in the direction of a breakout.  My [...]

Corn – Dec ’11 corn backed off today but not really to much surprise.  The market made just over a 62% retracemement of yesterday’s range and firmed going into the close.  I’m of the opinion that we could see additional buying come into the market tomorrow.  The corn market has an immediate target of $6.65 and [...]

It has been a while since I’ve posted any commentary as I’ve taken to twitter to provide more up to the minute information.  The goal behind the twitter account is to try and produce the nation’s leading cash hog marketing network.  The purpose is to try and increase the amount of negotiated pigs on a national basis.  [...]

Corn – July ’11 corn is looking for some direction and higher looks like the direction it wants to move.  I don’t think we are going to see fireworks to the upside just yet but if the weather stays cool and wet and prevents planting of the much needed corn acres we could see the [...]

If you have a Twitter account you can follow me if you so choose.  My address is http://twitter.com/#!/JeremyKnutson Corn – May ’11 hasn’t looked back since last Thursday’s stocks report.  I have to say I was looking for a pull back today but the market just laughed at me.  There was good volume again today [...]

Corn – May ’11 corn traded lower early today then rebounded and managed to stay in positive territory for the day.  The market dropped to $6.61 1/4 on its low and found support.  $6.62 1/2 is the 50% retracement level back to the $6.08 low that we had on March 16th.  The volume was light [...]

Corn – May ’11 corn traded lower early today then rebounded but failed to stay in positive territory during the day session.  Soybeans were by far the weakest link of all the grains today which helped the corn back off.  Today was a very low volume trade day so to me that means don’t read [...]

Corn – May ’11 corn shrugged off lower prices today as it traded lower for most of the session and managed to close higher at the close.  The volume for the day wasn’t anything major by any stretch but we are coming off of a pretty good two day rally at the end of last [...]

Corn – May ’11 Corn managed to shake off some lower trade early in the session today and make the session high near the close of the day.  That continues to give good reason to believe we should test $7.44 1/4 this week.  It appears as if tomorrow could be the day the market decides [...]

__________________________________________________ Corn – I mentioned in my last post that corn produced two different buy signals in the May ’11 contract at $6.90 3/4.  There was also another bullish setup as of yesterday’s trade along with a 50% retracement from Tuesday nights low.  All things said and done and we got today’s action is is [...]