Livestock Levels

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract opened (118.575) just below the rising trendline support (118.725) on Tuesday, December 26. The trendline held for the fourth day in a row and price rallied strongly above it, trading up limit by the end of the session. It made the high at 121.575, trading past the 119.15, 120.775 and the 121.325 resistance …

Long Bonds Bounce

James Barrett General Commentary Leave a Comment

  The Bond market rose about 1/2 a point in quiet low volume holiday fashion as a number of other beaten up  commodity markets were able to lift also. Europeans had the day off and we will see tomorrow if today’s activity has any traction. The energy complex led the charge with crude up 1.35 % to the highest level …

Soy

John Walsh Grains Leave a Comment

The soy is rallying based on theoretical dryness in South America. It is a opportunity to end the year in my opinion. This rally is based on hope and fund buying to even up a bit here. The fundamentals are ever growing more bearish. The global stocks are approaching 100 million tons. That’s right 100 million tons. The private SA …

Grain Spreads

Sean Lusk General Commentary Leave a Comment

Grain spreads were for the most part quiet to start the week as we saw some slight slippage in wheat versus corn, while old crop new crop bean and meal spreads showed minimal gains. Outright beans were the big mover as managed funds last week sold a sizable 60 K contracts. This took them from a net long to a …

Featureless End To a Big Week In Bonds

James Barrett General Commentary Leave a Comment

A very subdued pre- holiday session for Friday 12/22 even after some further strong economic numbers were released in the morning. New home sales are up and consumer sentiment slipped a tad but remains high. Yields settled around 2.84 for thirties and 2.49 for tens, a big gain this week for both but unchanged on the day. Crypto -currencies had …

Daily Gold Review

Michael Bullion General Commentary, Precious Metals Leave a Comment

Bullion on Bullion Gold settled slightly lower Thursday reversing the positive return from yesterday with the February contracts closing at 1269.2.  Demonstrating further economic growth, the November Leading Economic Indicators came out this morning matching expectations after beating expectations in October.  High consumer sentiment and manufacturing new orders were both sighted as main contributors by The Conference Board, the publisher …

Corn Nuts: March Futures

John Lunney General Commentary Leave a Comment

March Corn Futures         Taking a look at the structural nature of March Corn’s recent yet modest advance from 446 it appears to me that this is the first hint in a while that this time may be a bit different. The theory of Elliott Wave contends that trends begin and end in 5 wave. With this in …

Soy

John Walsh Grains Leave a Comment

The soy complex continues its downward path based on rains in south america. The pressure may subside for a minute based on tomorrow being a Friday. Also the weather may turn a bit dry. This in my opinion will not be enough to affect a large enough area. The global stocks are massive. However rallies now present hedging opportunities and …

Livestock Levels

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract opened at 120.45 on Wednesday, December 20, and made a meek attempt at a rally, trading to the high of the day at 120.80. This is right at the key 120.775 level.  It broke down hard from the high, trading down past the 119.15 support level to test long-term trendline support at 118.10, …