AG TIME key levels

John WalshGeneral Commentary, Grains

The soy traded both sides. A few thoughts to consider. The markets have rallied off strong demand outside of China for US beans. This buying spree may be coming to an end on the board. To go higher the fundamental picture really is not in place in my opinion. I have spoken of looking at the 2019 nov beans above …

Harvest Delay Headaches

Steve BruceGrains

Traders are talking about the possibility of higher incidents of field loss in beans and corn as Mother Nature appears to be less cooperative as the weather forecasts are suggesting wetter than normal conditions prevailing for the next two weeks……………………………………………Over all, we have been fortunate, to date, with extremely beneficial rain events yet, a week or two of dryness would …

Livestock Report – Lean Hogs

Ben DiCostanzoGeneral Commentary, Livestock

December Lean Hogs pulled back hard on Wednesday October 3, 2018, trading past support at 58.25 and the 21 DMA at 56.65 to the session low at 56.475. It settled at 57.15. It back in the middle of the 58.65 – 54.525 trading range. The euphoria over the USMC trade deal has waned and fears the trade war with China …

AG TIME – Watch the Weather

John WalshGeneral Commentary, Grains

The soy had a rally of late. Perhaps this is coming to a close. I have suggested to look at Nov 2019 about 920 to start hedging. It is conceivable that the market could offer two cycles of sell off, and rally there. It is my belief 920 will look like a rich price. Regarding market thoughts. The US will …

Chomping at the Bit

Steve BruceGrains

The National Weather Service is suggesting that the eastern half of the Heartland has a better chance of keeping the combines rolling in its 6 to 10 day and 8 to 14 day forecasts than the western half of the Heartland……………………………Harvest is still foremost on our minds and we are hearing of a few reports of less than stellar yields …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

It was a day of consolidation in the cattle and Hog markets as the lead contracts pulled back after the Monday gains.  The December Lean Hogs traded within the Monday range forming an inside candle. It traded near support at 58.25, making its low at 58.50 and then recovering and closing at 59.15. Resistance is at 59.975. The December Live …

Hurry Up and Wait

Steve BruceGrains

There’s still a lot of harvest to complete and some  trading firms and some  farmers are starting to report that yields are very good to excellent to humongous on corn and beans . This  might show up in the October 11 USDA report yet, we’ve been disappointed before as the government might  report what the government wants to report  at …

Livestock Report – Lean Hogs

Ben DiCostanzoGeneral Commentary, Livestock

The December Lean Hogs broke out above the 58.65 – 53.825 trading range on Monday October 1, 2018. It traded to a new high at 59.95, just below resistance at 59.975. It settled nearby at 59.85. Traders bid up the market as a wave of potential bullish news hit the market, in my opinion. There were more cases of African …

AG TIME – Trade Deal Day

John WalshGeneral Commentary, Grains

The markets rallied today. the focus was the new trade deal(s) between the US and Canada. Also the deal with Mexico. Another victory for the Trump administration. Now on to Europe and the China situation. This may take a bit of time. Especially the China portion. But who knows. The report Friday added more to the soy balance. In my …