Complex, geopolitically charged market filled with price uncertainty

The immediate question: Will current price level hold for a period?

We enter the week with the 10 Year US Treasury Yield slightly bullish with a potentially lower yield (trend presently remains bullish or lower yield)

Demand, Economic Weakness, Event Risk Concerns, or Other Market Concerns/Factors will likely take yields lower to 2 or below before significant move higher

Near term the yield curve is flattening

Remains Bearish: For a period the dollar should have more weakness than strength

Big Picture: The dollar has a bullish bias given global economic, social, political and military challenges

Unless Middle East, North Korean, European or other anomaly events start to dominate market participant decisions for a period, then we are still DEFINING a trading range 95 -104

Near-term bottom possibly forming

Caution is advised since global economic uncertainties remain problematic

Bigger Picture: Though spastic global macro and growth forces in general remain supportive of the commodity sector

Fundamentals have overridden OPEC verbal guidance and an array of other factors

Fundamentals and other factors now suggest consideration of a possible price move below $41

Saudi Arabia, OPEC, other oil producers and others have major role in limiting 2017 price downside

As always, remain focused on the bigger “Geopolitical Picture and Building Military Friction”

In search of a bottom in the $9.06 area

A resumption of commodity index weakness, a likely function of fundamentals and Fiscal and Monetary Policy and Global Economic Uncertainties, could translate into a final price low at $8.35 or lower

Correcting upside move before moving to new highs

Cautionary Note: Sustained oil price weakness could possibly be problematic for corn prices

Bullish bias remains

This is a highly complex market with an array of factors impacting price from 2016-2017 fundamentals; 2017 acreage, production and quality uncertainties; present underlying aggregate commodity sector dynamics; problematic global economic momentum, geopolitical uncertainties, and/or global agronomic outlook

Another important week for cotton. Prices need to hold current levels or otherwise consideration has to be given to revisiting the 2016 low around 55-cents

Price potential to $5.51 remains a possibility

Near term cautiously bullish

Allow price action to unfold

Larger trend remains up

Near-term cautiously bullish

Momentum driven by a select few technology stocks

Allow price action to unfold

Trend remains up

Cautiously bullish

Trend remains up

Entering a cautionary period

Trend remains up