Hot and Dry = Higher

John Walsh Grains Leave a Comment

SOY  –  The weather continues dry in the key growing areas of ARG. This allowed meal and beans to move to new highs yet again today. The feature continues to be the large move in the Bean and Meal spreads july/nov, and july/dec.  A couple thoughts. The markets are approaching key levels. 11.00  in beans and $400.00 in meal. I …

Live Cattle

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The April Live Cattle contract opened higher (124.25) on Tuesday, February 27, 2018. It attempted an early rally, trading past resistance (124.70, 125.50), reaching the session high at 125.675. It broke down from here and traded to the low of the day (124.15). It ended the session at 124.20, creating a Gravestone Doji candlestick. After testing resistance levels …

Gold Falters on Dollar and Yields During Powell Speech

Michael Bullion Precious Metals Leave a Comment

The big news today was the first public appearance of the new Fed Chair Jerome Powell.  The market reaction suggests the analysts took his comments as a tad more hawkish than expected.  Bond yields and the U.S. Dollar both spiked as Powell spoke primarily about the strengthening economy.  At the same time Gold fell inversely with the rise in yields …

Weather

South American Grain Weather Issues from WxRisk.com for February 25th

walshtrading General Commentary, Grains, Weather Leave a Comment

For the complete South America Grain Weather Issues Report, CLICK HERE. For those intersted in grains, Walsh Trading hosts a weekly FREE Grain & Livestock Outlook Webinar on Thursdays at 3PM CST. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Livestock Analyst with Walsh Commercial Hedging Services. Sean and Ben will host their next webinar on …

Wrangled: May Feeders

John Lunney General Commentary Leave a Comment

May Feeders     Following the drubbing from mid last week the feeder cattle managed to keep it relatively together in today’s session. Prices fought off the 100 day of roughly 148 to settle slightly lower at 148.950 and managed to close just above an hourly channel line. The market will have to hold above that 148 level to stave …

Live Cattle

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The April Live Cattle contract opened lower (124.00) on Monday, February 26, 2018. It attempted an early rally, trading up to resistance (124.70), reaching the session high at 124.75. It broke down from here and traded to the low of the day and for the down move at 123.55. It ended the session at 124.00, creating a Doji …

Trade Alert, Seasonal Factors Offer Potential in Gold

Michael Bullion Precious Metals Leave a Comment

There is very limited ability to change the supply of gold, since there is only so much in the ground and mines cannot readily change their output without extensive capital expenditures and time to implement.  This is why so much effort is spent on tracking demand for gold.  China, for instance, along with India, is always one of the top …