Going for Gold

Michael Bullion General Commentary Leave a Comment

Gold settled higher Wednesday reversing the loss from the previous session and continuing the upward trend over the past week.  It has now recorded positive returns for 5 of the last 7 trading days.   We are still waiting to see if this is a short term bounce off of the lows seen on December 12th, or if this is a …

Grain Spreads

Sean Lusk General Commentary Leave a Comment

This is the inaugural grain spread report and it will identify inter-market spreads and calendar spreads going forward. It will also focus on some of the most popular relationships that are traded on the board including oil share, wheat vs corn, old and new crop bean and meal spreads, and other spreads I see opportunity in the near and long-term. …

Imminent Tax Cut Continues to Spook the Bonds

James Barrett General Commentary Leave a Comment

What a difference  a few trading sessions can make. After printing multi- week highs last Friday and severely testing the long -term bears the ultra long bond triggered a downside breakout of a rising wedge on Monday and hasn’t looked back.  News of higher sovereign supply, namely German bunds, started the avalanche off in the early morning hours and all  …

Soy Complex

John Walsh Grains Leave a Comment

The soy complex is in a key area at present. The weather still is a concern in South America. however the sheer amount of beans in the world is massive. This ultimately will be the driving factor behind price movement. The meal and beans have been the weakest aspect of the complex of late with oil share rallying to 34.3 %. …

Coo Coo for Cocoa: March Cocoa Futures

John Lunney General Commentary Leave a Comment

Coo Coo for Cocoa: March Cocoa Futures       The recent selloff in the cocoa futures from the highs set on December 10th appears to be the terminating 5th wave of the sequence. Currently I do not believe this wave to be complete and see more downward pressure in the short term. My targeted zone converges level comes in underneath …

Livestock Levels

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract opened (121.85) above the Friday high (121.575) and stalled at resistance at the 21 DMA (121.95) on Monday, December 18. It was only able to touch the 21 DMA, as the high was at 121.95. It broke down hard from the high, trading down to 120.075, just above support at the 13 DMA …

Ag Commentary

John Walsh Grains Leave a Comment

The markets came under pressure after rains received this weekend. The temps were hot in some parts of Argentina however. This is still causing some concern as the dates are getting a bit late and planting still needs to get done on reasonable area in Argentina. The forecast for this weeks looks a bit drier. given today was Monday a …

Imminent Tax Cut Finally Spooks the Ultra Long Bond

James Barrett General Commentary Leave a Comment

After making multi week highs last Friday and severely testing those with a bearish long-term viewpoint the ultra long bond is down around 54 ticks today. The thirty years are down 32 ticks after holding under the 15420 resistance level a couple of different times in the last two weeks.  Curve flatteners are taking a break and an extreme may …