Privacy Policy    Information is secured from sources believed to be reliable, but 100% accuracy cannot be guaranteed. For analytical purposes, some price data for illiquid markets may be  interpolated.    Persons associated with Canadagrain.com deal commercially with businesses active in Prairie grain markets and may hold positions on their own accounts in commodities discussed herein.    Prairie Crop Charts does not provide specific marketing advice or advice on trading opinions on futures and option contracts. Canadagrain.com, 958 – 167 Lombard Ave., Winnipeg, MB R3B 0V3, tel: (204) 942-1459  fax: (204) 942-7652 Site design & maintenance by Branscombe Consulting Copyright 2012 Canadagrain Copyright 2012 Canadagrain.com Reproduction and/or redistribution without permission are prohibited. Mobile Chart analysis and commentary by Harold AGJ Davis Canary Seed: What is at stake?   The horizontal trading range that held Canary Seed captive for all of 2011 is a very important chart feature. Is it a slow grinding top with negative implications? Or is it a consolidation pattern that could fuel another advance? Current prices are still near the middle of the range and have not decided which way to go, but the chart suggests that the stakes are high.   On the negative side, the long term chart shows two previous examples wherein the first big sell-off down from an important top was awfully severe.   On the positive side, the chart suggests two different positive features that could lead to a test of the 2002 highs or even new highs. The first is a big “swing” pattern with a target above $0.35/lb while the other is a similar dynamic known as a “measured move” with potential above $0.40/lb.   Obviously, this market deserves very close scrutiny. Chart analysis and commentary by Harold AGJ Davis Milling Rye: The price patterns still looks positive   Milling Rye has two obvious price patterns and both of them have positive potential. The difference depends upon which tops line is used.   For example, a trading range composed of rising bottoms and a parallel pattern of rising tops is known as a “Bull Flag”. On the other hand, if the rising tops are replaced by horizontal tops, the pattern is known as a “Pennant”. Both have the potential to fuel future rapid advances in Milling Rye prices, but they differ in terms of short term prospects and how quickly the next major advance will unfold.   The other good news is that the yearend price break was short lived and rapidly reversed after Milling Rye touched its rising bottoms line. This is strongly suggestive of good underlying demand that could become even more aggressive if certain fundamental conditions come to pass. Chart analysis and commentary by Harold AGJ Davis may not want to risk being left behind a second time, so they step in to fill their requirements ahead of the old levels.     This means that remaining near term Chickpea price weakness could be limited, soon give way to stability and, eventually, resumption of the bull market.   Desi Chickpeas always exhibit a degree of independence and, these days, they seem to be ignoring the price mechanics of 10’s and 7’s, but they should be full participants in future upswings. Chickpeas: A new floor could appear soon   When average delivered elevator Chickpea prices jumped above their downtrend line, they signalled that a new and bullish market dynamic was unfolding.   The late 2011 Chickpea price surge probably caught some end buyers napping and some may have decided to wait for a pullback. Generally pullbacks do NOT return all the way to the starting level because the surge indicated that the supply/demand relationship has tightened, and this situation does not correct itself overnight. As well, the waiting buyers