Olive Line Signals

Alan Palmer General Commentary Leave a Comment

Good morning traders, The following represent my opinions and technical levels based on the olive line. Current events are playing out live. The quarter end can be a volatile time , I always recommend using stops. Always be willing to take profits, thats your money and how you get paid. Some thoughts and hopefully helpful advice. LIVESTOCK LCZ OLS(SELL) 117.40 …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Cattle and Hog markets did little on Tuesday September 25, 2018. Cattle shook off a bearish (in my opinion) cold storage report and Hogs took in stride processing plants coming back on line in North Carolina and a bearish (in my opinion) cold storage report to consolidate near support. If live cattle breaks below support at 116.35 a pullback to …

Grain Spreads: Active Buying Ensues

Sean Lusk General Commentary Leave a Comment

Beans ignited 15 cents on the open this morning forging a top at 858 basis November while Dec Meal rallied to 316. However as with previous rallies in beans and meal, selling emerged on the rally and beans finished the day at 845 while meal fell below weekly resistance at 310.3 to settle at 309. The rally this morning came …

AG TIME – The Ups and Downs

John Walsh General Commentary, Grains Leave a Comment

The beans and meal were up sharply early. The why, in my opinion, the Argentinian country is essentially on strike. Transport in the mix. This is not unusual and typically lasts for a relatively short period. Getting back to the reality of the market. The Argentinian is buying US beans at will. They will either mark them up and sell …

More Harvest Pressure Ahead

Steve Bruce Grains Leave a Comment

The crops are still there! A little rain delay and the lack of hedge pressure may have been one of the reasons for today’s bounce in corn and beans and weakness in wheat as Mother Nature is delaying and providing with the moisture in the Midwest and Plains………………………………………………..We have experienced a nice recovery in grain and bean prices the past …

Olive Line Signals

Alan Palmer General Commentary, Grains, Livestock, Stocks Leave a Comment

ARP Learn to disregard news stories that can’t assist your trading. This morning it was reported by Bloomberg news that China is taking out ads in the Des Moines register to influence the farm lobby in Iowa. In Rural America. This is getting crazy in my opinion. Last week Rick Santelli of CNBC spoke about the Central Bank telling parliament …

AG TIME – Looking for Some Changes

John Walsh General Commentary, Grains Leave a Comment

The soy mixed today. The oil remains strong, meal did struggle. There are some thoughts regarding this. The macro picture is cheap beans. The US being the cheapest. We are actually allowing everyone, most importantly, Argentina to buy all the US beans they want then crush them and sell the meal. This ultimately will create a bearish protein scenario, in …

Washington Drama and USDA Reports

Steve Bruce Grains Leave a Comment

It appears that the trade is waiting to see how corn and bean harvest proceeds and if there will be an increase of hedging pressure as momentum grows……………………………Field reports continue to show very good yields yet, there always is the exception! Friday’s Small Grains Summary and Stocks-in-all-Positions reports typically do not get the hype that Production reports receive yet, these …

Grain Spreads: Month/Quarter End Coming

Sean Lusk General Commentary Leave a Comment

Due to big bean and corn crops seemingly coming on the horizon as harvest is underway in the Midwest, we have seen corn and bean prices jump prior to next weeks quarterly stocks report while wheat held steady into the weekend. In years past when we have seen burgeoning supply situations prior to harvest, we have seen funds pile on …

Livestock Report – Cattle on Feed

Ben DiCostanzo General Commentary, Livestock Leave a Comment

United States Cattle on Feed Up 6 Percent   Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.1 million head on September 1, 2018. The inventory was 6 percent above September 1, 2017. This is the highest September 1 inventory since the series began in …