Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

   The April Lean Hogs contract opened higher and rallied to 72.40, closing half of the 72.825 – 72.00 gap established on Monday. Price failed here and traded lower the rest of the session and settled at 71.30. This is just below the key area at 71.85 – 71.325. A failure at settlement could see price test support at the …

Grain Spreads: Remember When

Sean Lusk General Commentary Leave a Comment

Last Summer’s fears of a continued trade war fueled thoughts of weak demand amid ample supplies. Ending Stocks estimates for soybeans swelled to over One Billion bushels. Yet last year’s growing issues gave us lower yield and almost a billion less bushels than the 18/19 crop year. Weak demand was offset with a 25 percent cut in supply. Ending stocks …

MARKET THOUGHTS

John Walsh General Commentary Leave a Comment

In looking at the markets in general. It appears to me that there is still a lack of understanding of how the global landscape is being shaped by the Trump administration. Regardless of how a individual may feel about the Trump policies. He is more than any President in recent memory someone who has followed through with his words. The …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The April Lean Hogs contract gap opened lower and broke down, going limit down for the session and settling down limit. Exceptional US production and Coronavirus fears continue to plague Hogs. Approximately 23 cities and 56 million people have essentially been quarantined as the Chinese attempt to limit its spread. And spread it has as at least 13 countries, including …

Grain Spreads: Corn Realities…

Sean Lusk General Commentary, Grains Leave a Comment

Spot Corn futures settled at their best level in weeks and looks poised for a potential run to 4.05 basis March futures and maybe beyond. Weather and its impact on future yields in South America will be one of the major determinants for price. The demand side of the ledger will depend on sales for future shipment to increase in …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

   The April Lean Hogs contract broke out above the 200 DMA (74.52), trading past resistance at 75.60 to the high at 75.975. It couldn’t reach resistance at 76.175 and pulled back to settle at 75.35. If settlement holds, a test of resistance at 76.175 is possible. Resistance then comes in at 77.80. A failure settlement could see price re-test …

AG THOUGHTS

John Walsh General Commentary Leave a Comment

The soy has come under pressure of late. There are a few reasons for this in my opinion. The Chinese have yet to buy US beans. This is bothering the trade. In addition concerns over the new virus outbreak. Last and perhaps the most plausible reason is that it appears the Brazilian crop will come in much larger than the …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

The April Lean Hogs contract continued its attack on the 200 DMA on the continuous chart. It also continued to fail against it. The 200 DMA is declining and is at 74.51. April Hogs traded from 74.90 high to 73.275 low and it settled at 74.525. It did settle above the key level at 74.25. Hogs are trying to anticipate …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The April Lean Hogs contract consolidated within Thursday’s trading range forming an inside candlestick. Friday’s range was 74.50 high to 73.225 low with settlement at 74.10. It is trading below the 200 DMA (74.78) on the continuous chart and settlement was below the key level at 74.25. If price can break out above the high, a test of resistance at …

TREASURY BOND OPTION STRATEGY

Peter Ori General Commentary Leave a Comment

TREASURY YIELDS SHOULD MOVE HIGHER AFTER THE TRADE DEAL WITH CHINA WAS COMPLETED, IN MY OPINION. LOOKING AT A LOW COST LOW RISK TRADE ENTRY POINT IN THE MARCH 30 YEAR TREASURY BOND LAST AT 158.04, THE YIELD IS NOW 2.26. THE 157.5/157/156.5 PUT FLY COST 3 64THS OR  $46.875 TO ENTER plus commissions and fees.. TAKE PROFIT LEVELS ARE …