The beans and meal rallied early. There were a number of reasons abound. There was a accident at the rosario port that could limit meal exports. The EU and CHINA are on holiday Friday through Monday so there was a need for coverage today. There are more but those two will suffice. The beans were clearly the follower on the …
Buckingham Global Advisors posts 0.96% gain for March 2018
After suffering their third down month since its inception in 2015 Buckingham’s WEP program posted a positive return. Out of thirty-seven months, they have posted profits in thirty-three. Buckingham recorded a rare loss for February. Where some premium sellers got crushed, Buckingham’s risk measures limited the loss to 4.75%. Their three drawdowns have been of 6.09, 6.28 and 4.75 respectively. …
Livestock Review
Live Cattle On Tuesday April 24, 2018, the June Live Cattle contract gap opened (105.50) higher from the Monday high (105.475) closed the gap and traded up to the high of the day at 106.675. This is above the April 17th high (106.175) and is a new high for the up-move. It couldn’t hold onto the gain however and broke …
AG TIME
A two sided trade today in the AG. The beans responded slightly to turn around Tuesday. The general thought is that there will be an increase of bean acres this year. The question will be how many. It appears there is a shift in the Delta at present. The weather through the rest of the month will dictate other areas. …
US Weather Chart with Commentary from WxRisk.com
Just letting you know that the 12z GFS in the GFS ensemble has come out and that you can see it’s substantially wetter for the 6 to 10 day on both the operational run and on the ensemble over the winter wheat areas… the Delta and into the WCB. This strongly implies that this window of warm and dry conditions …
Livestock Report
Live Cattle On Monday April 23, 2018, the June Live Cattle contract gap opened (104.55) higher from the Friday high (104.00) and traded up to the high of the day at 105.475. It faded from here and closed some of the gap, trading to the session low at 104.30. It consolidated the remainder of the day and settled at 104.875. …
AG TIME
The soy closed lower with bean meal and oil all down today. The weather is improving and will be a topic of certain discussion. The beans are concerned with the improvement of the Brazilian crop. There also appears to be a shift towards crushing beans (which makes sense) rather than buying meal. When the margins are considered, this all makes …
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next. MEATS- All different months have different looks, month settlement px.s etc. If your looking in a back month ask for levels. FEEDERS- we are now up almost 700 off the OLB, number that hurts most traders, the olive line. KC- your on your own now as …
Live Cattle
Live Cattle On Friday April 20, 2018, the June Live Cattle contract broke down early in the trading session. It traded all the way down to the 101.625 support level where it stopped going down. An impressive short covering rally followed with price rallying all the way up past resistance at 103.00 to the high of the day at 104.00. …