The USDA released their monthly World Agricultural Supply and Demand Estimates (WASDE) Report on Tuesday. It showed world stockpiles of soybeans down a massive 77% from the 2019/2020 crop year – the lowest since 2013/2014…. Read More
China Buys, La Niña Dries and Soybeans Soar
Exploding Chinese demand, a disappointing North American harvest and drier-than-normal conditions across key soy-producing areas of Brazil and Argentina have provided the fuel for the ongoing bull market in soybeans. “Beans” closed at $12.64 per… Read More
Gold Makes New All-Time Highs; Silver Continues to Soar
Gold hit our $1,920 per ounce target in overnight trading, slicing through its old highs of $1,923.70 in the process. This sets the stage for an assault on our next target of $2,180. Gold’s two-year… Read More
Silver Finally Breaks Out
Silver has busted out, slicing through its 2016 high of $21.23. The poor man’s gold took out our first upside target of $19.25 per ounce on July 9. It is now within a stone’s throw… Read More
Gasoline Running on Empty – Time to Exit Longs
Commodity markets often have seasonal tendencies due to planting cycles, weather and/or demand. Hog and cattle prices tend to peak in mid-summer during prime grilling season. Gasoline futures tend to peak in late spring or… Read More
Silver Soars & Posts Big Gains Versus Gold
Silver is finally gaining on gold, reversing nearly all of its richer cousin’s gains since silver’s coronavirus collapse. It took 125 ounces of silver to buy one ounce of gold barely a month ago. This… Read More
Beans Still a Bargain
Soybeans were a bargain when we wrote about them in early March. We believe they still are. Soybeans have labored under the deflationary conditions plaguing the rest of the agricultural commodity sector. COVID-19 is just… Read More
Gold Explodes
The chart below is the perfect illustration of why we love options — especially in this climate of heightened fear. RMB Group trading customers and readers who have been following our blog posts know that… Read More
Global Rush to Cash Helps Drive Corn and Soybeans into the Bargain Bin
People need to eat — sick or not — unemployed or not. Whether you are Asian, European, North American, South American, African or Australian, you need to eat. There are roughly 7.6 billion human beings… Read More
Market Meltdown Means Big Buying Opportunity in RBOB Gasoline
Every crisis breeds opportunities. This one is no different. Fear overrides all in a crisis. This leads to dislocations that wouldn’t occur normally. Stock futures are limit down as we write this on Sunday night,… Read More