Kiss Goodbye? February Live Cattle

John Lunney General Commentary Leave a Comment

February Live Cattle         After opening on Monday relatively unchanged the February live cattle market tweaked out a minor new low before chopping higher to finish at 121.025 up approximately 2.7 points for the week. To me the most noticeable observation is the week’s closing location. Currently we rest just below a double come back level on the …

Weekly Gold Report

Sean Lusk General Commentary Leave a Comment

It was a tale of two trades in gold and silver this week, pre and post Fed meeting.Gold touched a five-month low of $1,238.3 on Tuesday but recovered after the U.S. Federal Reserve on Wednesday raised interest rates for the third time this year. But markets in my view had priced in Wednesday’s rise and gold instead rose while the …

Ag Commentary

John Walsh Grains Leave a Comment

Quiet day . The market is awaiting the the weather in south America next week. Here is my focus at present. Is oil share bottoming. The beans are plentiful. The crush pace at present is a record for November. The availability of beans is there. Meal has plenty of competition and will if we rally. The oil stocks are tighter than …

Bonds Continue to Bounce

James Barrett General Commentary Leave a Comment

  Bonds had a nice bounce higher today continuing an upswing that began after yesterday afternoons Fed rate hike. A slightly lower start provided an entry without having to reach much for any bulls out there. A higher stock market open especially for the Naz was a little intimidating but other indexes were reluctant to follow and a sharp break …

Livestock report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The February Live Cattle contract traded inside the Tuesday range (120.45 – 117.675) on Wednesday, December 13. The Wednesday range was 120.00 high to 118.125 low. It ended the day at 118.40, below the key 119.15 level. A break down below the Wednesday low could take price down to trendline support at 117.225. Support then comes in at …

Ouch Canada: Canadian Dollar Futures

John Lunney General Commentary Leave a Comment

March Canadian Dollar      I spent some time breaking down the structural evidence of our neighbor to the north’s currency market. I always favor to process information in a top down analytical style. It’s quite a process seeing that one needs to start in the longer-term time frames and work forward into the smaller. It appears to me that …

Bonds Bouncing After Yellen’s Last Meeting

James Barrett General Commentary Leave a Comment

Bonds have a nice bounce higher this afternoon after the Fed raised rates as expected by everyone . The dovish tone to the post meeting release was the key to bringing in buying driving the market up and re-triggering the flattening yield curve  trend. The Open market Committee’s growth forecast was increased but very importantly their inflation expectations stayed the …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Gold settled higher Wednesday, recouping part of the losses suffered over the last four sessions that sent prices to a nearly six-month low. Gold prices then climbed above the settlement level as the dollar continued to weaken in the wake of the FOMC rate hike as expected, for the third time in 2017. The central bank lifted a key short-term U.S. …

Ag Commentary

John Walsh Grains Leave a Comment

The USDA report is now behind us. Looking at the numbers.The soy carry went up to 445 million bu. The 20 million addition is due to the export competition. The global carry was raised to 98.32 mln tons. This is a record. This also does not take into consideration a increase in the Brazilian crop. The USDA is as much as …