Good Thursday Traders, All opinions news and fake, trading ideas and chart-lines that HOLD OR FOLD My product is putting specific levels where you can buy 100 with a .22c stop like yesterday in hogs 54.05. This blue hashed line was only 2ticks under Tuesday limit down on huge volume @54.10. I put it out there early for those …
Livestock Report
January Feeder cattle continued its break down after yesterday’s pause, trading to a new low at 145.45. The low is just above support at 145.05 and continued weakness could see price test the 144.20 and then 143.50 support levels. Resistance is at 146.20 and then 147.30. December Live Cattle continued to trade within the Monday range as it tested support …
Grain Spreads: Last Supply Side
Pre-report estimates and average trade guesses ahead of tomorrow’s 11 am central time WASDE report come in as follows. The average US November corn yield estimate is 180.0 BPA with the soybean yield at 52.8 BPA. This would be down .7 BPA from October on corn and down just .1 BPA in soybeans. There is noise in the market that record …
AG TIME – Report Looms
The USDA will release the November report tomorrow. There are many expecting a reduction in bean yield. I am not so sure about that. The main reason, the conditions remained high towards the tail end of production. There seems to be areas that improved late. Again, I say I’m not so sure. The bean market could use some positive news. …
After the Reports
No one knows what the USDA will present to us at 11:00 tomorrow…………………………………………We’ve been surprised with the last two reports and it is always good to approach these numbers with caution……………………………………………………………………… World wheat stocks and feed grain stocks have been interpreted as potentially bullish in the last few reports yet, we haven’t rallied given …
THE AFTERMATH
MACRO BACKDROP: Welcome back readers. Today is the first day following the results of yesterday’s midterm elections. Democratic majority control has returned to the House of Representatives. Republicans have retained the Senate. Okay, now that’s out of the way. Many analysts had called for this outcome. As of just shy of 8am CST on 11/7, the equities futures markets seem …
March Wheat Option Strategy
MARCH WHEAT It in my opinion it appears MARCH Wheat can potentially rally back to 560 a bushel. Technical support and a breakout, aided by bullish crop reports indicating too much rain after a dry period and an under size crop with a substantial draw on supply . Exports are also helping as Asia and the Middle East are in …
Finally Finished
It’s over!………………..At least we hope that we can close the book on the election of 2018 by tomorrow morning. Now we can refocus on fundamentals and the USDA crop reports issued on Thursday and the potential for resolving trade pacts…………………………………Analysts and traders might be anticipating a reduction in production for corn and beans from the September …
Livestock Report
Cattle markets broke down through the lower end of their trading ranges on Monday, November 5, 2018. December Live Cattle traded below the October 12th low at 116.025 and broke down to support at 114.65, making the low at 114.35. It bounced from here and settled at 115.325. If settlement holds on Tuesday a test of resistance at 116.55 is …
AG TIME – Report Week
The USDA will release estimates this week. The average guess appears to be looking for a bit of a reduction in yield, due to the wet weather. Perhaps this will be the case. It is irrelevant. The beans are so plentiful. It is my thought that the most important aspect of the soy complex today will be the meeting between …