Slippery : July Crude Oil

John LunneyGeneral Commentary

July Crude Oil       There appears to be a chink in the structural armor of the crude oil market. When I analyze the 4 hour price chart the most noticeable development to me is the close below the ichimoko cloud. The market has been riding above this since the 4th wave low of 66.85 seen in the early …

AG TIME alot of theories

John WalshGrains

The soy traded both sides. There is so much talk, In my opinion guessing on what will transpire. Transpire in the talks with China, transpire with exports. The market on its own is well supplied. As I have said over and over the Chinese have net cancelled 1 mmt of beans in the last week. Their hog prices have plummeted. …

Grain Spreads: The Wheat Unknown

Sean LuskGeneral Commentary

KC, Chicago, and Minneapolis wheat are getting that loving feeling by funds again as dips continue to present buying opportunities amid weather concerns both at home and abroad.  Into this weekend and throughout he first few days of June the current forecast has high temps will reach into the 90’s to lower 100’s across the Plains with mid 80’s to …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle On Wednesday May 23, 2018, the August Live Cattle contract opened at100.30 dipped to the low (100.25), and then reversed course, taking out the Tuesday high (101.10) and resistance at 101.625 on its way to the high at 102.90. It settled at 102.80. This is just shy of resistance at 103.00. This will be the key to Thursday’s …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle On Tuesday May 22, 2018, the August Live Cattle contract opened (101.00) near the high (101.10), and then traded to the low of the day at 100.05. It spent the rest of the trying to get back to the high. It couldn’t quite make it, getting to 100.925 at the end of the session. It settled at 100.65. …

AG TIME SUPPOSE THIS WERE TRUE

John WalshGrains

There are only a few constants and trading these markets would not fall under this at the present. It seems logical to look at the things we know have some relevance and historically effect the market. the basis levels, the global numbers , the global price differentials. At present we have large soy stocks and friendly feed grain stocks. At …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle On Monday May 21, 2018, the August Live Cattle contract opened (99.25) near the low (99.15), and traded higher for the remainder of the day reaching 101.225. This was a limit move to the up side, but it couldn’t stay up limit and it pulled back and settled at 100.625. It couldn’t move past resistance at 101.625 and …

Grain Spreads

Sean LuskGeneral Commentary

News entering into the market over the weekend was the major catalyst for beans moving higher overnight and through today’s session in my view. The “news” that pushed beans higher was that China and the US would work in tandem to lower the US trade deficit for now while a potential 25 % tariff of US beans is currently off …

AG TIME RISK IN RHETORIC

John WalshGrains

The China US conversations and the tariff suspension sent the market soaring. There are some real concerns here  in my way of thinking. Not in the market place, but in the rhetoric written about the market. We have a huge carry both domestic and globally. To read the articles hitting the market you would think we had a tight global …

Grain Spreads

Sean LuskGeneral Commentary

Soy Complex Beans and meal fell this week amid long liquidation as managed money long 120 K of beans and 130 K contracts of meal liquidated a percentage of positions. If felt like the market could of fell further but news out of South America regarding another lowering of the Argentinean bean crop may have for now provided further liquidations. …