ARP here MARKET THOUGHTS WITH THE OLIVE LINE The morning started off with friction. As reported by CNN syria accidently shot down a russian military plane. There were no survivors. Syria blames Israel. -First day of new tariffs and the S and P is higher. Yesterday the nasdaq was slipping under support. I continue to favor the short side of …
Grains and Meat, Wall of Nothing?
GOOD DAY ARP HERE LIVESTOCK fcX- The olive line fri sold off late back to the olive line sell. 158.37 Important? Olive line sells in the Lc above at 124, Call to discuss how to trade the ols lc- The market is over the olive line sell I am attempting a bullish thought into year end in the lc. 117.40 …
Olive Line Signals
GOOD DAY ARP HERE LIVESTOCK fc- The olive line fri sold off late back to the olive line sell. Important? Olive line sells in the fc above at 124, Call to discuss how to trade the ols lc- The market is over the olive line sell I am attempting a bullish thought into year end in the lc. 117.40 dec …
Serpentine
One of my favorite films is the 1979 rendition of “The In-Laws” and after the Generalissimo/Senor Pepe scene the Serpentine scene stands out as the most memorable……………………………Trading and hedging grains and oilseeds is relatable as it could be looked at as the Theater of the Absurd……….Senor Pepe………………………….and we are always trying to hit a moving target………………………….Serpentine……………………………………………..I don’t want to infringe …
AG TIME
The soy quiet but lower. The tariffs are slated to hit more Chinese goods. The African swine fever continues to quietly spread. The market, I believe, will need to deal with the latter for some time. It is there to stay until eradicated. The setup in China makes the spread easy. I remain bearish soy. However, the market has fallen …
SOMBER DAYS, SUBDUED MARKETS, FADING OPPORTUNITIES
MARKET BACKDROP: Hello readers. First, I’d like a moment to briefly acknowledge and honor the memory of those who we lost 17 years ago on September 11th in this written material. I know that’s a very solemn and heavy way to start off, but I felt it necessary, and I thank those readers who took a moment for that just …
Livestock Report
Cattle markets soared on Friday, September14, 2018. The October contracts both traded up the limit, with the October Live Cattle contract settling up limit. Feeders dipped at the end of the session, settling at 158.875, a little more than a buck off the limit price. Feeders settled just above the 158.80 resistance level and Live Cattle just below the 113.90 …
AG TIME more to come?
The soy was under some pressure led by meal. Are we on the shift I have been speaking of for some time. Remains to be seen. However there are many things to consider. the world as we all know is awash in beans. Not because of trump. Because we have doubled carryovers in three years in spite of record demand. …
Weather, Washington, Waiting
There have been times in the last forty years when, at certain snapshot times, the cash market and government figures tell different stories…………………there are times in the crop year when these differences get less noticed, like harvest, as the trade is mainly concerned with the tasks at hand and changes in old crop supply/demand figures are less noticed……………………..There have been …
AG TIME enough of everything
The USDA report confirmed a record bean crop. The question now will be the demand side of the equation. Especially as it relates to China. To recap the bean carry is estimated at 845 mil. The potential exists for further production increases with a good finish and easy harvest. Lets consider some long term factors. A agreement betweethe US and …