Range bound, but bullish bias or lower yield remains

We enter the week with the 10 Year US Treasury Yield slightly bullish with a potentially lower yield

The larger trend remaining bullish or lower yield

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

In search of a bottom with a near term potential of 92 and then increasingly likely lower to 87 or lower

Near term some correction of downside move should be anticipated

Bigger picture assuming no significant global anomaly event this index may have some serious weakness

Will global reflation efforts be enough to keep this index from revisiting previous lows? Do not rule out a revisit to previous lows, but this index is building a base to move higher

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

Between Fed off-again and on-again accommodation and/or misdirectional verbal guidance, building uncertainties surrounding fiscal, trade and regulatory policy simulative activities, the $CRB Commodity Index: a key economic indicator, has struggled

An interesting week ahead for oil. Geopolitical considerations and building possibilities of a Venezuelan civil war moved oil prices back above 48-dollars

A complex, volatile and an uncertain market that deserves a great deal of respect in a world with building economic, social, political and homeland security uncertainties

Likely consolidating before moving higher

Global macro forces possibly price supportive, a price move through $10.21 and holding opens the door to higher prices

As long as corn remains above 3.69 given global economic dynamics this market near term is more bullish than bearish

Cautionary Note: Oil prices have rebounded, but sustained oil price weakness could possibly be problematic for corn prices

Bullish bias remains, but corrective price action desirable

This is a highly complex market with an array of factors impacting price from 2017/2018 beginning stocks; 2017 acreage, production and quality uncertainties; present underlying aggregate commodity sector dynamics; problematic global economic momentum, geopolitical uncertainties, and/or global agronomic outlook

Bottoming process underway

Global macro dynamics a key consideration in not being overly bearish wheat, soybeans, corn and rice

Prices still moving higher, but a cautionary time period

Allow price action to provide guidance

Technology continues to perform, remain cautious

Allow price action to provide guidance

A cautionary time period

Trend remains up

Allow price action to provide guidance

A cautionary time period

Trend remains up

Allow price action to provide guidance