December Live Cattle The bearish tones of the last Friday’s post close report sent a ripple through the live cattle market in early trading. After posting a low of 115.00 the market snapped back in a 5 wave sequence to 117.37.5 before easing off to settle at 116.750.. It appears to me that this move has completed the …
US, South America, Australia Grain Weather Update from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, October 26th. REGISTER NOW. If you cannot attend live, a …
Weekly Gold Report
Gold prices fell on Friday after the Senate approved a budget blueprint that paves the way for tax cuts, causing stocks, the dollar and bond yields to rise. For the week gold slipped almost two percent ($23.90) to close at 1280.5 basis December futures. December silver almost 34 cents to close the week at 17.07. The Republican-controlled Senate voted by 51-to-49 …
Ag Commentary
The Soy Complex started the day higher on a sale announcement to China. This wore off quickly as the weather has improved and harvest pressure is there. In addition the bean sales for new crop are slowing and are well behind the year ago levels. This trend will continue with south American stocks at very ample levels. look for the …
Weekend Wrap, action picks up, Ethanol
Good Day AG Community and Speculators, This is going to be a chart drop of quite a few markets. The idea is, you like the levels when they are the high or low? Then consider using this system that is designed many ways but one thing I think I have shown uncertain, These are the conditions where the mkt respects …
“As Simple as, Do Re Mi” : December Live cattle
December Live cattle “As Simple as, Do Re Mi” is the lyrical verse from the iconic A-B-C song by the Jackson Five. Well it’s hardly that simple in most cases. In terms of wave analysis it actually requires hours of study and work. This is true in most ventures if one desires to be successful. …
Livestock Report
Live Cattle The December Live Cattle contract traded between the 8 DMA (117.275) and the 200 DMA (115.625) on Thursday, October 19, 2017; it reached a high of 117.40 and a low of 115.55 ending the session in the lower middle of the range at 116.275. It is still hanging around the key 116.55 level, unable to make headway on …
Stagnant: December Live Cattle
December Live Cattle The cattle market failed to commit to a discernible direction in today’s price action. Coming off the lows seen on Wednesday cattle has appeared to developed a subset impulsive reaction by completing a minor five wave structured advance which peaked out at the speed-line resistance of 117.400. Following an early high prices pulled back in …
Coffee- Olive- HIT&FILLED,
Last weeks macro comment below, still applies. This was pre USDA bottom. Maybe. Coffee is game on 123.20. Hit&filled. Sugar over 14.20-ish possibly to upside if looking to buy sugar, 1376 sell stop. 13.80 and above were olb s. open order stop and forget it. only focus on risk stops. Wheat- buy break. Corn- its close, price wise. Beans- …
Livestock Report
Live Cattle The December Live Cattle contract broke down on the open (115.75) in front of the fedcattleexchange.com auction on Wednesday, October 18, 2017, trading to the low of the day at 114.525. It recovered from here and traded to the high of the day at 117.075. The auction had only 919 head for sale and had two accepted sales …