MAR COTTON: It triggered a buy yesterday and rallied to 76.17 today before selling off and closing near the low end of the day’s range. Long term it is in resistance and that concerns me.

Higher close yesterday for corn but lower for soybeans, soymeal, rough rice, corn, Minneapolis, Kansas city and Chicago wheat.

Commodity markets have seen a huge rise since early October as the U.S. Dollar Index reached a 14-month low.  With the rate of decline seemingly slowing in the Dollar, softs markets have taken a pause from their recent sharp rallies.

December Coffee finished lower for the trading session while continuing to feel pressure from a closing price reversal top on the daily chart and finishing near a key retracement point on the weekly chart.

The weaker Dollar could trigger a breakout rally in December Coffee.  This market starts the day in a down trend, but upside momentum could change the trend to up on a trade through 124.90.