Grains- Summer Low’s may be in, possibly beans and meal go back down but this is my 34th weather market so strap it on, “it’s getting hot in here.” Meal could be the best sell, spreading-wise against a few. Crush for soybean oil and by-product soy-meal could become the weak sister. 307-ish now but just spiked down on 6,000 contracts. …
July Soybeans: Wave Structure Analysis Applied
July Soybeans Soybeans pressed higher thru projection and resistance zones mentioned in yesterdays post. Because of the sloping quality and time factor effecting these levels one must be careful of attempting to pinpoint exact trade location and also be willing to minimize risk. Trading is like fishing in a sense. The minor drawdowns you incur are comparable to the bait you lose …
South American Weather Focus
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Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE.
Thursday AM Grain Weather Update
MID MORNING RADAR — LINK TO FAST EAST LOADING RADAR Thursday morning radar shows not a lot of activity. 95% Midwest is completely dry & 90% of the Plains. There is some widely scattered showers over northeast IA into southwestern & central WI in a thin band & a 2ND area of light to moderate showers over sw KS which …
Long on events , short on reactions
Lots on the agenda If you looked on the calendar today, you might have seen the following schedule; ECB Decsion, UK Vote, Comey Testimony. All had the potential to send the markets on a run, in either direction. At the end of the day the markets didn’t look too much different than any other session. ECB Holds Steady The European …
Soybean Complex: Assessing The Structure
Another sloppy session develops in the July soybeans. A typical description of a corrective counter trend move. The market should be setting up for another impulsive wave lower. This upcoming wave should commence with a minor 5 wave move. This should be closely monitored. As of now it appears unclear. If contract weakens and holds below 926.6 I would consider this the commencement of …
Livestock Report
Live Cattle The August Live Cattle made an early attempt to rally and recover some of Tuesday’s late day losses on Wednesday, June 7, 2017. It made its high for the day at 124.925 right around the time the fedcattleexchange auction was to take place. The auction was postponed however, to Thursday as technical glitches with their website occurred. They …
Daily Gold Report
Gold and Silver futures took a respite from their post unemployment rally as equities again held their ground while the U.S. Dollar finished slightly higher. A big drop in crude oil and gasoline prices potentially spilled into the precious metals sector as there was a reluctance by buyers to push front month gold futures above 1300.0 and ounce and deferred contracts in silver …
Buy Grains sell meats ? long term.
Game on volatility picks up everything. What is your game plan? Need one? Disclaimer- While I have traded meats I am no expert and do not pay attention to fundamentals because they carry those people out now for years (inquire) but if cattle and feeders can top here they probably did yesterday I posted the 1150-am-ish voice comment citing olive …