Getting into the Weeds!

Steve Bruce Grains Leave a Comment

The lack of deliveries of soft red wheat this morning could suggest that there  is  concern over the quality of the 2018/2019 harvest…………………..The CME contract is imperfect in the sense that millers fear receiving the 4 parts per million vomitoxin stocks at a 25 cent discount and not the FDA friendly grade of #2 SRW in order to make the …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Cash Cattle markets were on hold Friday 8/31/2018, as packers refused to budge (as of the I write this article) from their bids ($107 Live) and producers remain fixed on their offers($111.00 – $112.00) in the South where very few cattle have traded. A small amount of cattle have traded at $170.00 on a dressed basis in the North.  October …

Grain Spreads: Be Ready KC wheat

Sean Lusk General Commentary Leave a Comment

While old crop/new crop corn and bean spreads stopped the bleeding in trading slightly higher for the week, outright contracts showed some promise today amid month end profit taking. Wheat though had a mid-week reversal. Lets examine Dec KC wheat. The low was 526.2 basis December this week. This was .382 percent fibbonaci retracement from the 2018 (high/low). Halfway back …

End of the Month Positioning

Steve Bruce Grains Leave a Comment

In my opinion it just feels like a short covering bounce in corn and beans after the August slide as the weather still appears to be conducive for allowing the crop to get larger………….Crop tours are still reporting that yield potential may exceed the estimates the USDA issued in August. First notice day on the September futures tomorrow………. Wheat is …

AG TIME – Same Tunes Different Day

John Walsh Grains Leave a Comment

The soy down yet again. The commentary here sounds like the same tune over again. The weather has been good here towards the end of the growing season. The conditions are hanging at a high level even with an advanced crop. Will the government add bushels as the pro farmer crop tour saw? Remains to be seen. A saying “big …

It’s Time to Get to Work!

Steve Bruce Grains Leave a Comment

It’s time to get to work and get the corn and bean crops out of the field and into the bin, and/or other storage unit like ghost malls and parking lots! This is meant as humor yet emphasizes the creative ways that producers and warehousemen adapt!……….. I sense that we will have that “good” problem of having to put corn …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Cattle markets were on hold Wednesday 8/29/2018, consolidating within the Tuesday ranges. October Lean Hogs made an attempt to retrace some its losses but failed and settled below the 51.80 support level. The cash trade in cattle has been quiet all week, boxed prices remain firm and slaughter levels are steady as packers are in control of the market with …

KC Wheat- Neckline holds?

Alan Palmer Grains Leave a Comment

OLIVE LINE WATCH Arp here, I am watching for two potential opportunities today. As you know they can come and go fast. The olive line is here as a tool to assist you in your trading, whatever level trader you may be. There is no crystal ball. Everyone needs good money management skills. KC WHEAT I am watching KC WHEAT …