Wheat, Hogs Soy- Events live. 1st time ever’s

Alan Palmer Asset Management, General Commentary, Grains, Livestock, Stocks Leave a Comment

mASSIVE sUMMER DROUGHT PLAYING OUT NOW HOGS- LIVE SALE POSTED last week in Oct. Beans- hit $9.07 and now in parabolic up move as happened across board last 18 months after these conditions post. Look at how the volume at this olive line, not only might be the biggest ever, but also after a diamond on top.  100,000 wheat biggest in ??? Pretty …

Weekly Gold Report

Sean Lusk General Commentary Leave a Comment

Gold futures were under assault again this week as August futures lost $32.60 for the week while the front month September silver contraxct lost a whopping $1.20 as heavy selling dominated in this holiday shortened week. Since reaching a yearly high up at 1297.7, gold has lost six percent in the last month while at the same time falling for …

End of Week Wave Analysis: Soybean Complex

John Lunney General Commentary Leave a Comment

September Soybeans      Last day of the holiday week saw beans opening steady before pressing higher to first target price at 1003. Contract refuses to back off and rallies into the close to finish at 1006.2 just off highs posted at 1008.6. Sizable week range of over 50 cents expands average ATR readings of 29 and finishes in belt-hold …

Soybean Complex: Focus on Wave Structure

John Lunney General Commentary Leave a Comment

September Soybeans      September soybeans inched higher today to post new recent highs of 992.2 easing slightly to finish at 990.6. Looking at the wave formation from the lows established at just below 905 it appears that the first three series of a five wave structure could be in place. There is seldom any glory in attempting to pick …

Soybean Complex: Mid-week Structural Breakdown

John Lunney General Commentary Leave a Comment

July Soybeans      Soybeans opened higher today right at previously mentioned upper channel resistance at 979.0. Mild shadow high just above 981 holds. A tight range develops with easing to 964 before rising to close higher on session at 973.2. The contract has hit its objective defined in last weeks posting following  a close above 960.0. Beneath +/- 975 …