The markets continue to advance on a tech look at the market. In my opinion the soy complex has separated itself from the cash fundamentals. The USDA report is in front of us. The private estimates (Informa, and Stone) released over the last two days have confirmed the recent production numbers. The USDA has no real incentive to make any major changes …
South America and 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, November 2nd. REGISTER NOW. If you cannot attend live, a …
Livestock Report
Live Cattle The December Live Cattle contract rallied on Wednesday, November 1, 2017. It rallied past resistance at 125.55, trading up just shy of the 127.15 resistance level, making the high at 126.875. It ended the session at 126.675. There is pretty good resistance from 127.15 to 128.30. Price could stall in this area and come back and test support …
Daily Gold Report
Gold and Silver traded higher today with silver showing impressive gains as it pushed through the 17.00 level to close up at 17.17 up .48 cents for the session. Gold was the weak sister showing modest gains of just about $8.00 to close at 1277.3. Pre-positioning ahead of the FOMC rate decision was one reason we had short covering in …
Moonshine: December Live Cattle
December Live Cattle The December Live Cattle market staggered ahead to a modestly higher close today. Prices have risen slightly above targeted daily and hourly geometric lines between 126-127. These have been previously discussed. Currently the the momentum indicators are showing no signs of divergence. Structural evidence would suggest another wave higher which will unfold from a subset …