December gold futures finished the week losing $12.70 cents to close at 1284.8. Silvers losses were more pronounced as the December contract lost 30 cents for the week to close at 1667.5. Both precious metals have been reeling since making yearly highs on September 8th. Gold has given back over $80.00 in value while silver has lost a whopping $1.61. …
Re-Ride: December Live Cattle
December Live Cattle Re-ride is a rodeo term referring to when a cowboy gets another ride because the bull refused to buck. This describes today’s market action as we saw prices fail to move with conviction in any direction as they opened and closed at the same price to finish basically unchanged for the day. One point …
Livestock Report
Live Cattle The December Live Cattle contract consolidated the Wednesday gains on Thursday, September 28, 2017. It traded slightly above the Wednesday high (115.325), reaching 115.375 just below the 200 DMA (115.525), but above the 100 DMA (114.725). It ended the session at 115.275. Trading above the 200 DMA could lead to a test of the September 22 high at …
Locking Horns: December Live Cattle
December Live Cattle The December cattle contract its claw back from the rug pull we witnessed following last Friday’s report. The question is whether this rebound is impulsive in nature or not. If the latter is true then the selloff from the recent high would be labeled a (iv) wave correction as it did not overlap into wave …
Ag Commentary
The USDA will release numbers tomorrow. The soy complex was in a general retreat today. yield reports remain solid across the board. The weather for Brazil is improving with up to 2 inches and 70% coverage. The production possibility for Brazil will remain high with the moisture situation sorted out. the Argentinian is still in question. The markets are not …
Stocks- QTR END
In looking for special situations this is the only one I have come across. I think I will refrain comment but this is just to give a perspective of the breath of this rally. Some of these have gone up 40%. This is just a chart for educational purposes. If you trade stock index futures or need some insight feel …
Crude sell #s on 20% rally
Good morning, Crude- this was put out early to Pro’s and option traders. Crude has bolted higher to some areas that if you want to sell, they are here. This can benefit if you have a feel or not because it also helps keep you out of the way because these olives of mine are so powerful that once a …
Sugar, Feeders liquidations, grain stocks Fri.
Technically and from a trading floor perspective this market feels like it is about to roll over after cattle on feed 157.05 sell level, tight stop. We are now failing at 153.55-ish. Do funds blow longs soon? Up pattern intact for funds but under last week’s low, look out seems appropriate
Livestock Report
Live Cattle The December Live Cattle contract had a strong rally from the open on Wednesday, September 27, 2017. It traded above the 100 DMA (114.85) and approached the 200 DMA (115.55) reaching a high at 115.325. It ended the session just above the 100 DMA at 114.925. Trading above the 200 DMA could lead to a test of the …
Ag Commentary
The day started out lower but quickly moved to both sides of unchanged all day. The dollar gained on global currency which could have added to bearish sentiment but failed to do so. The usda will release stocks on Friday. The gain year on year is ample. the domestic yields continue to come in close to expectations. This will be important …