Ag Thoughts

John Walsh Grains Leave a Comment

The markets await the USDA report on the 8Th. The beans remain steady on ideas the harvest is winding down, and the thought may be that the yield has declined a bit on the tail end. This in my opinion is hoping and wishing for the bulls. However the market may rally into the report. The exists a amount of …

Check Point: December Live Cattle

John Lunney General Commentary Leave a Comment

December Live Cattle      The December live Cattle market is close to a targeted extension level of roughly 126. Prices topped out today at 125.900 and a reaction off this point would not be out of the question. As of now I do not observe any momentum divergence and perhaps a minor new high will produce this. If so …

Stepping Stones: December Live Cattle

John Lunney General Commentary Leave a Comment

 December Live Cattle          One definition of “stepping stones”  is an undertaking or event that helps one to make progress toward a specified goal. This I believe describes the current price path of the December Live Cattle Market. The extended upside projection zone comes in between 126-127. Today’s  extreme at 123.825 has produced no sign of momentum divergence …

Weekly Gold Report

Sean Lusk General Commentary Leave a Comment

Despite a bounce that took Gold positive for the day session Friday, December gold futures lost $8.70 for the week. Silver had a similar bounce as well today bouncing .15 cents from the daily lows to close the session at 1685.5. For the week, December silver lost .32 cents. Gold and silver had been under major pressure since Wednesday as …

Texas Longhorn : December Live Cattle

John Lunney General Commentary Leave a Comment

December Live Cattle      The Texas Longhorn is a breed of cattle known for its characteristic horns, which can extend to over 1.8 m tip to tip for bulls. In my opinion this elongated characteristic aptly describes the nature of this last leg of the advance in the December Live Cattle market. I have labeled the low of 112.900 earlier this …

Olive line day, host of markets NatGas !

Alan Palmer General Commentary, Grains, Livestock Leave a Comment

  Today we had some wild swings across the board as you will see in the charts.  Study the charts because there is a rhythm to this.  Get over a line, especially an olive, algos buy as a scratch and pushed crude up today but this happens everywhere.  Stocks are out of control but S&P and Dow are at a …

Bag of Nails: December Live Cattle

John Lunney General Commentary Leave a Comment

December Live Cattle      “Bag of Nails” is a cowboy term used to describe a state of confusion or topsy-turvy. This adequately describes the structural nature of the cattle market. Concerning the advance from 112.900 I currently hold several opinions as to its unfolding wave sequence all of which point to higher prices. My favorable conclusion contends we are …

Fed Watch

John Weyer General Commentary Leave a Comment

Air of concern The equity indices while moving higher, seem a bit cautious this week . Tax reform and healthcare legislation are still out there hanging over everyone’s head, but the markets have seemed to move higher all year in spite of those concerns.  We are in crunch time (or so have been told) for picking the next Chair for …

Ag Commentary

John Walsh Grains Leave a Comment

The market came under pressure today in both beans and soymeal. The meal actually was the downside leader. The weather looks great for continued harvest progress. The yields remain within the usda range of expectation. The focus on the fundamental front will shift to the south American progress as we wind down domestically. The weather there is improving with pockets …