Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract rallied on Tuesday, August 22, 2017, breaking out above Monday’s inside candle and trading to resistance at the 13 DMA (108.225).  The high of the day was 108.325 and the market pulled back from here, ending the session at 107.65.  Resistance remains at the 13 DMA and then 108.675. A rally above the …

Cattle Call: August Live Cattle

John Lunney General Commentary Leave a Comment

August Live Cattle      I believe there are signs of a turn around in the cattle market. I am currently analyzing the nearest monthly contract and see today’s action pointing to a possible base being set for an impulsive (C) wave advance. Futures might be a bit of a risky play at this location so I’d be recommending the …

Daily Gold Report

Sean Lusk General Commentary Leave a Comment

Gold rose on Monday as tensions over North Korea fueled safe-haven demand, while doubts about U.S. President Donald Trump’s ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the dollar. December gold futures closed at 1296.7 ,up $5.10 for the session while silver pushed slightly higher to close at 1709.5 up 1.5 cents for …

Ag Commentary

John Walsh Grains Leave a Comment

The soybeans and meal finished moderately lower today. The oil share gained. The USDA crop condition report showed a 1 % up tick in the good to excellent category today at 60%. Given the recent rains a further increase in conditions is possible to finish out the growing season as we exit august. There is still growing to be done …

Channeling: September Soybeans

John Lunney General Commentary Leave a Comment

September Soybeans      Hard to make much out of today’s price action as the market holds in a 6 cent range in one of the tightest sessions we have seen in awhile. Closing at 932.4 puts the contract right on channel line support. A crack beneath 931 will look to slide. Target support zone comes in at +/- 921. …

Bull Fight: August Live Cattle

John Lunney General Commentary Leave a Comment

August Live Cattle      The August cattle market traded slightly lower in today’s session closing just off lower extreme of 105.600 at 106. We appear to be at a level on contention as several indicators are converging right around 106.400. We have closed below support for the first time and the bulls will have to get something going in …

End Of the Week Round-Up: August Live Cattle

John Lunney General Commentary Leave a Comment

August Live Cattle      Yesterday I posted about a potentially bullish setup developing. I would have to say, as touched upon previously, that the needed confirmation is not yet in place. I’d have to see a close above the 109.00 level to attain a clearer risk control level. If the contract can’t hold above +/-106 then it will vulnerable …

Weekly Gold Report

Sean Lusk General Commentary Leave a Comment

Gold jumped to its highest in more than nine months on Friday, as the dollar retreated on political uncertainty in the United States along with a suspected Islamist attack in Spain that boosted bullion’s safe-haven appeal. However, an intraday reversal sent precious metals futures prices spiraling lower as equities recovered later in the session.This left December gold finishing down $2.40 …

Swamp cries Foul, NASD SP’s plummet 5805 dogfight live, Grains hold.

Alan Palmer General Commentary Leave a Comment

Good Morning, Well we have seen a long overdue tremor in stocks as per last weeks’ and early this weeks warning about volatility (downward vertical prices) would increase dramatically.  I think this is playing out now and I hope you got a chance to hedge your stock portfolio’s. nasd must make stand 5805.  Let’s sell this higher but where?  Will …