End of October Focus

Steve Bruce Grains Leave a Comment

Storage tightness with beans and corn, first notice day against the November beans, end of the month position squaring, political events and the impact on trade policy and attitudes might be what we will be talking about on Sunday night and Monday morning when we return from the weekend……………………………Of course, most of the air in the room will be spent …

Grains, Consecutive down now? Softs

Alan Palmer General Commentary, Grains Leave a Comment

EQUITIES – STOCKS It is my belief we may be in “The beggar thy neighbor economic cycle.” I can’t remember seeing action in the US like this. Perhaps in Europe and China. US stocks, I put out a OLS in the nasdaq100 at 7685. Nasdaq now has OLB below the market – give a call for levels. Nasdaq – I …

AG TIME FULL PRESSURE

John Walsh General Commentary, Grains Leave a Comment

The soy under pressure as harvest rolls on, The weather looks very solid to push harvest numbers. The South American weather has been good. There are a couple areas of concern creeping in. As said yesterday this is a normal scenario. It is impossible to plant a crop over the size area all of SA covers without some areas of …

Awaiting Harvest’s End

Steve Bruce Grains Leave a Comment

It appears that we’re  flushing  out some speculative longs in wheat and oats while corn and beans haven’t been as nasty to the downside  as the only longs there are farmers holding the physical and end users are patiently awaiting a final flurry of selling near the end of harvest when some forced selling because of storage tightness might occur…………………………………………….It …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

The cattle markets continued their choppy trade on Wednesday, October 24, 2018. Both markets rallied and tested upper resistance levels. January Feeder Cattle saw buyers come in and lift prices above resistance at 152.30 to the session high at 152.425. Sellers came in and took price lower and Feeders settled at 151.35. This below the 151.55 key level and follow …

AG TIME – The Numbers Don’t Lie

John Walsh General Commentary, Grains Leave a Comment

The soy remains under pressure. There are not a lot of new stories out there. The Harvest progress domestically is progressing nicely. The long term weather outlooks support more of the same. The South American planting, especially as it relates to Brazil, is advancing rapidly. The Brazilian is approx 50% or so planted. The weather outlook there remains favorable except …

Grain Spreads: Slight Movement by Funds

Sean Lusk General Commentary Leave a Comment

Both KC and Chicago continued their descent again today as both traded and settled below the 5.00 level. The question going forward for traders possibly will shorts put on the breaks and potentially buy into the weekend? There’s talk that the Russian Ag minister is meeting with major exporters this weekend giving thoughts to export quotas and tightening supplies. There …

Economic Woes Weighing on Grains

Steve Bruce Grains Leave a Comment

It appears that we’re starving the bull and/or boring it to death as there’s no apparent urgency to step up and take extended coverage of any grain or oilseed………………………………………..The world financial climate remains edgy as there continues to be concern over the situations in Italian banks  and Britain over Brexit!  And, there remains a lot of concern over earnings reports …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

The cattle markets couldn’t follow through to the upside on Tuesday, October 23, 2018. Both markets broke down and traded below the Monday lows. Buyers came in and lifted prices from the lows and they settled in the middle of their trading ranges. January Feeders can trade above 152.30, a test of resistance at 153.50 is possible and then 154.25. …