September Soybeans The bean market dipped below support level of 956-954 to post low of 949 before rebounding to finish at 954. Projections for the decline seen after the the high established at 1037.4 have been achieved and slightly overshot. We now rest at the critical level I discussed in yesterday’s post. It’s pretty dicey here with …
Thursday AM US Grain Weather Report
THURSDAY AM RADAR – FAST EAST LOADING RADAR Thursday morning radar shows heavy showers and thunderstorms covering much of central and eastern Minnesota and northwest Wisconsin and north central Iowa. The rest of the Plains, the Midwest and the Delta regions are dry. WEDNESDAY MAX TEMPS Temperatures remain seasonal for early August over most of the Plains and the …
Soybeans-Lack of heat, except if long, Wheat Live
Perfect growing weather from someone in the pit that was labeled a perma bull in beans. Midwest is unreal really, with cool August temps. except for all the ‘lollapalooza’ kids heading to Lake Michigan. I try to produce conditional indicators that funds use explicitly, especially when violated. This enables me to help you identify low risk high reward trades. …
Ag Commentary
A bounce today in the markets after yesterdays weakness. The market will mark time to see the USDA numbers on the 10th. The yield is still up in the air for beans as the central and eastern belt are receiving adequate rains while the west is still in question. The next 3 weeks will be key to production. If the …
Putting Up A Fight: September Soybean Complex
September Soybeans Tight range in the bean market today as the contract tries to stabilize at upper end of projected support zone. Any rally will have to contend with +/- 981 resistance level. Holding above 983 will look good. We must analyze the structure of any advance for impulsive qualities. If they exits I’d consider the recent low …
Wednesday AM US Grain Weather Report
WEDENESDAY AM RADAR – FAST EAST LOADING RADAR The Wednesday morning radar shows moderate to heavy storms have developed over much of western and central ND and have pushed into the far southeast portions of Saskatchewan and southern Manitoba. The additional widely scattered showers are over 20% of western SD and 30% of western NEB. A second area of showers …
Corn, Meal, Hog buy Olive
I just did a timely voice a half hour ago, corn buy with 3.78.5 sell stop, meal 313.80 stop, both same setup, very low risk if looking to buy these markets funds are getting slapped around in. Powder blue xxx’s are powerful pivots. THIS IS VERY SHORT TERM so this may not apply to yourself. It is an example of …
Livestock Report
Live Cattle The October Live Cattle contract was quiet most of the trading session on Tuesday August 1, 2017, trading in a tight range (112.725 – 11.55) most of the trading session. A late day rally took the October contract past the high, reaching 113.20 at the end of the session. This sets up a potential test of resistance at …
Daily Gold Report
Gold prices rose to a seven-week high on Tuesday to close at 1279.4 basis December futures, after U.S. economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months. Also a measure of U.S. factory activity fell from a near three-year high in July. Today’s U.S. economic …
Bean Crush: September Soybean Complex
September Soybeans Violent C wave price action unfolds in today’s bean market. Prices violate hourly trend-line support in overnight action unraveling through mid range support at +/- 977. Weakness continues as contract declines to the top end of extended downside target zone at 964-956 closing at 964.2. Below 960 market tests major area of support at 957-954. At …