Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle Thursday May 31, 2018 was give back day in the August Live Cattle contract. After going limit up on Wednesday, the August contract couldn’t hold onto its gains, making the session high at 105.20 then breaking down and almost going limit down, making the low at 101.90. It consolidated between 103.125 and 102.15 for most of the session, …

AG TIME summer markets starting

John Walsh Grains Leave a Comment

The summer markets are kicking off. Along with the time of year comes wild predictions of drought and famine. Well, drought anyway.  This year will be no exception. They are already starting. I would like to say It is my belief we need to view rallies as opportunities. this may sound like a broken record. To have a drought crippling …

C Legs : June Live Cattle

John Lunney General Commentary Leave a Comment

June Live Cattle      The Cattle market managed to gets its legs under it in today activity after an early slip to test yesterday’s low of 102.850. To me it appears that the cows established a B wave low when it posted the extreme low of 101.375 in mid-May. If this were truly the case then the subsequent rise …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle On Wednesday May 30, 2018, the August Live Cattle contract staged a dramatic rally, going up limit with its high at 104.45. The limit move took price into the 104.20 – 104.85 resistance band. Follow through to the upside could lead to a test of resistance at 106.025. Resistance then comes in at 107.35.  An inability to continue …

Grain Spreads: Fund Unwind?

Sean Lusk General Commentary Leave a Comment

When the grain market opened Monday night it looked as if the continuation of last weeks rally would yield higher prices for corn, wheat,and beans this week. However sellers emerged on Tuesday prompted by a wave of selling in equities, energy, and currencies against a rising greenback that in my view eventually spilled into the grain sector. Tuesday nights planting …

AG TIME – No fun for bulls or bears

John Walsh Grains Leave a Comment

The soy was all over the place today. Indecision, uncertainty, all create a difficult environment. The flow of continual information at times can be distracting. When I look at the charts, this has been very difficult, unless a short term view is used. Then it is still difficult. Enough of the complaints already. The market appears to be focused on …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle On Tuesday May 29, 2018, the August Live Cattle contract opened at102.475, made the session high at 102.675 and then reversed course, trading lower for the remainder of the day, making the low at 100.80.  It recovered somewhat and settled at 101.45. This is just below the key level at 101.625. This will be the key to Wednesday’s …

AG TIME when short term collides with long

John Walsh Grains Leave a Comment

The Soy was led yet again by beans and meal. The oil remains under pressure. The market is fighting the short term friendly aspect of the Argentinian smaller crop with the long term bearish fundamentals. The question is when will they collide. The demand for both US and Brazil will remain stout. This is keeping the funds under the market. …

Grain Spreads: Weather

Sean Lusk General Commentary Leave a Comment

Hot and dry weather forecasts and the impact they may have on future yields are having an impact on not only domestic wheat prices but the world wheat prices as well. All wheat classes showed impressive gains to end the week with Kc wheat leading the charge. The 6 to 10 and 8 to 14 day forecasts show temps in …