We are currently reviewing and creating performance metrics for our analysis.
The 2021-22 Canaryseed strategy realized:
0.06 cents per pound or 14% greater than the index average price (assuming equal monthly sales throughout the crop year)
95% of the index's high price.
This year our strategy told us to be short Canaryseed in December.
Canaryseed had experienced a nice bump in price since our February 15 newsletter, when our index price was 37 cents.
Our analysis identified confluence suggesting the price could find support at that level changing our Short-term Sentiment Rating to NEUTRAL.
From February 15:
This chart suggests that the price could find support here, allowing the moving averages to catch up.
As a result, we are changing our Short-term Sentiment to NEUTRAL.
The entire publication can be read here:
The updated chart below demonstrates the recent price action.
**** Click on the chart to enlarge****
Keep reading with a 7-day free trial
Subscribe to Klarenbach Special Crops Report to keep reading this post and get 7 days of free access to the full post archives.