Live Cattle On Friday August 3, 2018 the October Live Cattle contract surged to the upper portion of its112.25 – 108.175 trading range. It reached a high of 112.15 and settled nearby at 112.00. The rally also stalled just shy of resistance at 112.35. This will be the key level for trading on Monday, in my opinion. A breakout above …
Cattle – Wall of Demand?
Good Day Producers and Speculators, The comments below are all my opinions. If you are trading always use a risk stop or the risk can become uncontrollable. These are volatile markets. So let’s recap as we assess the impact of when markets hit these olive extreme’s like 3 weeks ago down by previous months lows. We were looking for a monthly reversal up to buy KWU 4.73, CZ …
AG TIME – Much to Think About
There are many currents running now. The trade wars have given the market much to consider. It is my belief the whole thing will be solved before anything becomes active regarding the US Chinese threats. However, it is my belief the US will have won the concessions it requests. In the mean time, the Chinese economy is showing signs of …
AG TIME – Focus on the Numbers
The markets are down in the soy. I am tired of talking about the rhetoric. It is my belief we need to focus on the numbers and that should over the long run have an impact on the price. Looking at the reality of the bean market, the USDA has estimated a 580 mil bu carryover (RECORD). The USDA will …
Livestock Report
Live Cattle On Wednesday August 1, 2018 the October Live Cattle contract continued its consolidation. Trading with a 109.05 low to a high of 110.875, cattle continues to coil. A chop fest. A quagmire…etc… It tested resistance at 110.80 at the end of the session and settled under it at 110.275. No help there! Thursday’s have been break down day …
Grain Spreads: Corn and Wheat Hedges
Both KC and Chicago wheat have taken off versus corn since the end of June with Chicago at 2.00 over corn and KC $2.10 over. This widening is not unprecedented looking back at wheat vs corn in a 5 to 10 year time-frame as we have seen wheat move 3.00 to 6.00 over going back a decade. There are long …
AG TIME – Round and Round
The soy is very difficult to trade given the continual rhetoric. If we are just dealing with the facts related to the market. There is no shortage of soy in the world. The Brazilian is exporting record amounts of beans – 10.2 million in July. This trade war has certainly aided there bottom line. This will incentivize them to plant …