Gold prices traded within a two sided narrow range to begin the week on Monday as the daily range from low to high was only $4.30 cents. Gold for December delivery finished one tick higher to settle at 1264.7. September silver finished uncharged at 16.25. For the day Gold couldn’t gain any footing failing to gain support from a weaker …
Grain, Meat, Wheat buy hit
Good day, LIVE SIGNAL -Wheat as posted last week hit some levels to pay attention if one need wheat. Don’t hedge wheat down here, Sept wheat last week now appears to have held although not out of woods so use stops if you play it tight like I do. If you can risk a dime risk then this was your …
Ag Commentary
The beans and meal market had a healthy bounce today. The weather over the weekend was mostly as expected. Moderate rainfall with certain areas not receiving any. There is some disagreement as is true every year. The areas that have received rain are showing improvement.The dry areas which have shrunk,are sitting and waiting for the rains that will aide the …
Friday US Grain and Final US/Overseas Weather Reports
For the Final US and Overseas Grain Weather Report, CLICK HERE. FRIDAY AM RADAR – FAST EAST LOADING RADAR The radar is pretty quiet this morning. There are minor scattered showers and storms over central Tennessee… eastern Kentucky and central Ohio. And some additional showers and storms over Wisconsin …Lake Michigan and Lake Superior. All this activity features coverage of …
Weekly Gold Report
Gold fell on Friday after hitting a seven-week high earlier this week, as the dollar rose from multi-month lows, after monthly U.S. non-farm payrolls data was better-than-expected. Data from the U.S. Department of Labor showed the U.S. added 209 K jobs in July while the unemployment rate was 4.3 percent. Economists surveyed by Reuters had expected the report to show growth …
No Footing: Focus September Soybeans
September Soybeans The week, posting a 50 cent range, closes near the low end at 952.2. A very non impressive session unfolds in today’s action with the contract failing to show any signs of stabilizing. The wave structure developing from the highs at roughly 1037 appears non-impulsive, however, it continues to point lower. Early support comes in at +/-945-943. …
Weekend Wrap Grains
I was walking to the train this am and my brain was thinking first frost. It is just the way a real trader brain works in my opinion. I am always early which can be detrimental because a trader has to guard but an asset to a customer. BEANS CORN AND BEAN WHEAT are both at even money which can …
Ag Commentary
The market overall was weaker. The weather has moderated and some timely rains have helped to show improvement for the beans. Next week condition ratings may very well show more improvement. The big question now will be the western belt and weather or not rains are received. The oil share has gained of late. Currently at approx. 35%. These trends may continue …
Livestock Report
Live Cattle The October Live Cattle contract opened (114.95) strong and tested resistance at the 200 DMA (115.175) on Thursday August 3, 2017, trading up to the high (115.60) of the day early in the trading session. The rally couldn’t be sustained and price grinded lower and made the low (114.425) of the day at mid-session. A resurgence in effort …
Corrective Wave Decline: October Crude Oil
October Crude Oil It appears that we have established a series of impulsive advancements stemming from the lows at roughly 42.50. Currently an a-b-c corrective decline seems to be in motion. A slip to 48.50-48.30 should set projected (c) wave extreme. If this interpretation is accurate the (c) wave low should not overlap the wave (i) price …