Near-term, the 10-Year Treasury likely consolidates, before searching for a higher yield possibly in the 2.75 to 3.00 area.

The Bond market topped (low yield) back in July anticipating that domestic and global fiscal policy stimulus activities (infrastructure, etc.) would be elevated to a level to compliment ongoing monetary policy and drive a higher level of global growth.

Trumpflation expected to be friendly to business (tax and regulatory relief), near term favors investing in equities and the dollar, followed by investments in commodities over bonds and utilities.

Neutral Soybeans – Possible Trading Range Being Defined

Considering global risks and uncertainties, reflation expectations, and the quality of this hard-asset as a speculative investment, we must consider: 1. A trading range is being defined; 2. A price bottom is in place with higher highs and lower lows; or 3. We are still in search of a price bottom

Market participants appear to be building a risk appetite. If this market does not show weakness at $10.49, then shorts should be mentally vigilant of price action.  

Neutral Corn

Coiling in preparation of making a major move either higher or lower. This market is similar to soybeans in that:

Neutral Rice

Bottoming process underway

Bullish prices likely into the 84-cent area 

Forming a price bottom

Price weakness into the $3.80 area a possibility

Bullish

Corrective price action needed (not required)

Bullish until price action tells us otherwise

Neutral - Light Crude Oil

Bullish above $52, but potential downside to $34 still remains

OPEC guidance likely defines price low near term

A challenging market for a number of economic and geopolitical reasons

If OPEC cannot provide bullish oil guidance by Nov. 30, this index will remain under downside pressure and select commodities will likely become highly speculative.

Dollar and Dow Jones Industrial's remain “Bullish”

Dollar running into fairly strong resistance; consolidation likely, but expect more dollar strength than weakness 

Global Government and Central Bank intervention activities will define dollar strength or weakness over the next 3 to 12 months

Neutral – Potentially Bullish, Australian dollar and equity market found support last week

Generally a weakening Australian currency implies weakening demand for their commodity based economy and vice-versa

Canadian Equities showing signs of price strength, while Canadian Dollar softens

Canadian dollar weakness likely indicates lagging demand for Canadian commodities

Near term bearish indicator for their commodity prices in the aggregate

Euro likely to have more weakness than strength near term, while the EuroNext 100 is neutral, but trying to capitalize on currency weakness

European Union economic weakness and political and social uncertainty problematic for the Euro currency

Expect more Yen currency weakness than strength, while the EWJ shows strength

Dollar shows strength, while the Yen shows weakness, presently and vise-versa