ARP here, I will jump right in. There are a lot of Olives I am looking for. The Volatility creates risk, but olive opportunities as well. Fridays can be interesting days for the trade. In addition we can look for setups into the next week. STOCKS I have put out a Olive Line sell in the Dow at 26170. Could …
AG TIME – Marking Time Now
The soy markets have corrected a bit here with meal leading the way. The USDA report Wednesday should provide a couple things. 1) confirmation of a larger carry. 2) confirmation of a weakening demand base. The current estimates have cut China’s demand back. It is important in my opinion to understand that the numbers in and of themselves by all …
Olive Line – Currency, Meats, Grains
ARP HERE, There continues to be chaos around the globe due to uncertainty regarding the currency relationships. There has been much movement in the currency pairs over the last 6 months. CURRENCY The dollar 95.55 nl(neckline) rejected. This could be a possible top in my opinion. MEATS It is one of my thoughts. Don’t be afraid to fade public opinion. …
Tasks at Hand
The USDA will issue new production and supply/demand estimates next Wednesday at 11:00 am Chicago time…………………Trade estimates are being released and it appears that the expectation is for the bean crop to be larger than the previous USDA estimate in August while the corn crop could be very close to the August estimate…………….Carry over projections in both domestic and international …
Livestock Report
There isn’t much to say about the Live and Feeder Cattle markets today as they traded in a narrow range with the Feeders trading within Wednesday’s narrow range. There was a limited amount of trading in the cash market, with dressed cattle moving at $170.00 in the Iowa/ Minnesota area. It was quiet in the other 4 major areas. Packers …
AG TIME – What is Going on?
The meal rallied today. The thought of Argentina putting an export tax on beans is pushing meal. This to me does not make sense. The US harvest is upon us and the size of the crop will allow Argentina, and any one else for that matter, to buy beans, import and crush for profit. The world is awash with a …
Grain Spreads: Gameplan
The next big mover for grains could be next Wednesday’s crop report at 11 am. In reading the charts and studying trend lines and recognizing what time of year it is, I would posit that one consider the following courses of action in the following markets. The rule of thumb for me is that once corn and beans are 35 …
Livestock Report
Monday’s strong breakout testing resistance at 110.80 couldn’t continue as Live Cattle consolidated within the Monday range on Tuesday, September 5,, 2018. With packers showing steady bids in the cash market futures prices couldn’t make any headway as support was tested at the 108.65 level keeping price within the 110.80 – 108.65 trading zone. It will take a breakout outside …
Harvest Approaches………Preliminary 9/5
It appears as if “Anything Goes” as we approach corn and bean harvest, wheat seeding, mid-term elections and new trade deals with Canada, China and others………………….We are a week away from the USDA Production and Supply/Demand estimates for conditions as of September 1 …………………. Some crop tours have suggested that the corn crop is close to the August USDA figure …