Livestock Report – Feeder Cattle

Ben DiCostanzoGeneral Commentary, Livestock

Feeder Cattle broke out of its trading range and traded above the July 19th high (154.925), making a new high for the up move. The new high is at 155.225 and is just below resistance at 155.275. Aggressive feedlot buying has taken the Feeder Cattle index up to 152.63 as of the11th of September. This is creating optimism for further …

Grain Spreads: Report Day History Lesson

Sean LuskGeneral Commentary

If last years corn crop taught us anything, better yields amid dry weather in late July through August in 2017 in many growing areas resulted in higher yields not lower ones. This year an early planted crop and optimal growing season weather have yielded our best yield report ever at 181.3 BPA. This was 3.5 bushels per acre over the …

September Surprises

Steve BruceGeneral Commentary, Grains

What might impact the market from this point onward to the USDA reports set to be released on October 11?     The USDA figures shook  the markets today as the trade talk prior to the release was that corn yields would be slightly down, bean slightly higher and world wheat carryover a little tighter…………………It’s always something!………………………………………..In past years we’ve …

Pre USDA

Alan PalmerGeneral Commentary, Grains, Stocks

Good day traders, ARP here The theme in my view going forward is there will be a lot on the table. A figure of speech of course implying the volatility in my opinion will remain large and this will create opportunity and risk. For the busy ag producer I offer my services to attempt to assist in a viable market …

Grain Spreads: A Reason to Short Today

Sean LuskGeneral Commentary

Crop conditions were released this morning a day later than usual by the USDA and perhaps gave the bears some fuel this morning in regards to soybeans. The national average for good to excellent condition came in at 68 percent. This is up 2 points on the week with top producer Illinois up 3 week on week at 79 percent …

AG TIME – Let’s See The Numbers

John WalshGeneral Commentary, Grains

The markets came under pressure today. The usda release will come tomorrow. It makes little sense to make bold predictions. I will say the weekly progress showed a 2% increase in beans. A late in the year increase perhaps indicating the aug, sept weather has added yield. The market, it appears, is anticipating a further increase in yield. Adding bushels. …

It’s Always Something

walshtradingGeneral Commentary

The USDA reports  are set to be released at 11:00 Chicago time on Wednesday!      Early harvest results for beans in Central and Southern Illinois are positive as some producers are reporting excellent yields………………..Sometimes it takes a couple of reports (October, November, and January’s final figures and sometimes even years later in the census figures)  for the reported yields to …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

The cattle markets were quiet on Monday September 10, 2018. They tested resistance at 110.80 in the October Live Cattle, making the high at 110.775. The October Feeder Cattle contract traded up to 153.30, just shy of resistance at 153.50. Cash cattle traded higher on Friday reaching 108.00 for live cattle in the Southern Plains and Colorado, while in Nebraska …

AG TIME – Long Term Changes, Perhaps

John WalshGeneral Commentary, Grains

The soy was higher today.  I would like to take a step back and look at the market from a longer term perspective. No specific trade ideas. Just a thought on where we may be going. It is my belief the complex is on a major shift. The last while has been based on crushing for meal demand. Protein. The …

Accuracy and Reliability

Steve BruceGrains

Recent published studies indicate that the USDA is getting more reliable and accurate with September production and supply/demand estimates when compared with the final figures…………..Just another reason that the USDA should be respected and the report on Wednesday approached with respect and caution……………….. When compared with the August figures over the last twenty years the final corn production figures were …