Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Cattle and Hog markets continue to trade within their trading ranges. Cattle markets traded back to the middle of their trading ranges while Hogs made a new high then fell back into its range. January Feeder Cattle held its 200 DMA (147.70) and bounced. It traded up to resistance at 149.975, making the high just above it at 150.40 and …

Wheat, FC Meal, Has it turned

Alan Palmer General Commentary Leave a Comment

Good Wednesday A review of the recent 5% swings perhaps. ALERT – S and P’s, Dow, and Nasdaq all have hit my olive line extremes. 1 st Time Down. This is my condition live. Does the stock complex bounce back to the highs in late December. If you were waiting to buy monday, when the depth of TV hype was …

AG TIME hope springs eternal

John Walsh Grains Leave a Comment

the outside markets remain the same as I have covered. the dollar continues to gain,especially vs the Euro. this as I have said should continue. This is not a bullish input for the Ags in general. the bonds continue to show macro weakness. a trend I think will continue. My commentary here is void of politics. At least I attempt …

RBOB OPTION STRATEGY

Peter Ori General Commentary Leave a Comment

It appears that refiners and producers are almost fully back on line from annual maintenance and upkeep, also repairs from Hurricane Michael storm damage. I think RBOB could move lower the last price of this writing is 1.7860. Oil storage and production are up and soon refined product could also strengthen. The demand while still solid is lower because of …

Waiting for the Whites of Their Eyes

Steve Bruce Grains Leave a Comment

There’s just no urgency to add to longs to cover needs on any grain or oilseed right now! Speculative selling has been pushing wheat lower as new crop prospects are neutral to good given the moisture passing through the Plains and Midwest and the market is still feeling a little pressure from  Black Sea movement  before the onset of winter………………………………But, …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Cattle and Hog markets continue to trade within their trading ranges. Cattle markets are trading in the lower end of their ranges while Hogs are trading in the upper end of its range. January Feeder Cattle broke down and made a new low (147.575), challenging the 200 DMA at 147.70. It held and Feeders settled at 148.10. A break down …

Live Cattle Option Strategy

Peter Ori General Commentary Leave a Comment

It appears that Funds bought Cattle this year because long open interest has increased, a solid base may have formed in Feb Cattle above $119.00 and $120.00 last at $122.27, weather conditions are favorable although wet. Cash has held steady while futures have taken some profits and open interest would indicate that some futures contracts spreading out of December into February.  …

Grain Spreads: Probing

Sean Lusk General Commentary Leave a Comment

I suppose wheat bulls were disappointed with today’s action as the move lower today whisked away much of the Friday/Sunday night rally that sent both Kc and Chicago contracts back under 5.00. All is not lost as I don’t see this market moving that much lower ahead of next weeks USDA crop report. The market received some much needed demand …

AG TIME – Leveling the Playing Field

John Walsh Grains Leave a Comment

A brief look at the outside markets (outside the AG).  The dollar continues to exhibit strength. I have said for some time I believe this trend will continue. The US is back in the CAT BIRD seat. The dollar is solidifying its dominance. Too much strength now, however, does not help the grains. The bonds have bounced off the lows. …

Election Influence

Steve Bruce Grains Leave a Comment

We are approaching the wrap up phase of the 2018/2019 corn and bean crops and the final 20% of the 2019/2020 seeding of the winter wheat crop…………………………………………………………There is still a concern that there’s still too much corn and beans  and too little space which could keep end users calm and cool and able to wait through the winter to accumulate …