Grain Spreads: Opportunities

Sean Lusk General Commentary Leave a Comment

Commentary: Amid all the uncertainties in the market right now I feel one must stay disciplined regarding entries and exits. In my view we are going to be more headline driven in regards to futures prices where I can see funds entering and exiting in masse with large volume. We have seen movement in grains this week for sure but …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: April Live Cattle continued its plunge on Friday, February 28th. Futures gap opened lower and traded down limit before staging a rally that closed the gap. Futures traded with the equity markets for the session. Rallying when equities rallied and breaking down when equities broke down. Equities were weak at the open and then rallied and were volatile for …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: April Live Cattle continued its slide on Wednesday, February 26th. It broke down, trading below the 200 DMA (113.19) to 112.025. The low came at the end of the session after settling at 112.35, which is right on support. Cattle couldn’t sustain any rally, failing at the 113.90 resistance level as it made its high at 113.825. The weakness …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary The April Live Cattle gap opened lower and then traded to a new low for the down move at 115.25. It traded down limit and settled there as panic selling took hold of the market, in my opinion. Coronavirus news spread fear over the week-end as increases in virus cases made its way around the world as Italy, South …

Corn Update

John Walsh General Commentary Leave a Comment

Commentary: The sideways grind in corn continues. The near term outlook offers some hope for a rally. The farmer has little incentive to sell at these levels. The Chinese should follow through on some purchases. The obvious hope is that corn is in the mix. This could be the near term boost the corn needs. I say could because the …

Soy Complex

John Walsh General Commentary Leave a Comment

Commentary: The soy complex remains lackluster. The market is waiting to see if and when China starts buying. The corona virus obviously has had an effect on the overall marketplace with many aspects of China Ag sector ground to a halt. The difficult part regarding lost demand is that it is typically gone forever. At least that is, an old …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary April Cattle futures traded lower on Thursday, February 20, 2020 trading past support at 119.15 to the session low at 118.975. It settled at 119.15. Resistance levels are at 120.70 and then 122.80. Support is at 117.80 and then 116.55. The cattle on feed report will be released after the close on Friday. Estimates are for cattle on feed …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The April Lean Hogs contract continued its downward spiral after upside breakout failure. It opened lower from Tuesday’s settlement, made an early run higher to test resistance at 64.80 making the high at 65.05 and then a breakdown to support. Hogs traded through support at 63.325 to the low at 63.275. It bounced and settled at 63.775. Settlement was below …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The April Lean Hogs contract wasn’t able to take advantage of Friday’s break out rally. Friday saw Hogs close the gap from the low on 1/30/20 at 65.825 and the 1/31/20 hi at 65.15. It traded to 66.85 which surpassed resistance at 66.55. It settled just below resistance at 66.25 on Friday. Monday’s trade saw price test Friday’s settlement and …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The April Lean Hogs contract opened higher. traded to its high at 63.15 and then broke down, trading to its low at 61.65. The initial attempt to trade higher saw price fail just below resistance at 63.325. The breakdown took price just below support at 61.80. Settlement was just above support at 61.875. If settlement fails, a test of support …