March 2019 Crude Oil Options

Peter OriGeneral Commentary

Crude Oil fundamentals are still pointing lower in my opinion, US fracking companies are pumping at their highs and OPEC is fracturing apart. Regardless of OPEC’S production cuts, some non OPEC countries are pumping at or near their highs. Data from the EIA shows solid stockpiles of crude oil. Also providing stability to the oil outlook in my view is …

End of the Year

Steve BruceGeneral Commentary

                                Hopefully, we’ll be talking about a new trade agreement with China next week as it is nice to see the USDA announcements this morning of bean sales to China and corn to Japan………..We need to get a move on as the weather in South America is still very good and the bean crop in Brazil has the potential to …

AG TIME – Perhaps it is Time

John WalshGeneral Commentary

The following represent my personal thoughts. Right, wrong, or indifferent. There are no guarantees in life. Trading commodities is certainly no exception. It could actually be argued that it is one of the more difficult endeavors to find success. Such is life. That is why sometimes it takes a long time for a thought out position to pay dividends, if …

Wheat

Steve BruceGeneral Commentary, Grains

Can wheat keep on running?………………..  Beans may be experiencing the old “Buy the rumor and sell the fact!”…………….Corn is stuck between the two…………………..Futures might rally and, spreads might widen and basis levels  might be met with a lot  of movement if they raise their heads as temporary storage stocks could be moving before Spring………………                                 We still sense that the …

Livestock Report

Ben DiCostanzoGeneral Commentary

January Feeder Cattle failed in its attempt to pull away from the 200 DMA (147.575) today, crawling towards resistance at 148.40 and making the high below it at 148.175. It settled right at the 200 DMA forming a spinning top candle. This indicates indecision in the market as traders navigate long-term resistance. A confidence boosting rally above 148.40 could jettison …

Grain Spreads: Tariff Euphoria

Sean LuskGeneral Commentary

Beans continue their upward ascent as announcements of China returning to the US market buying beans spiked spot bean contracts past summer highs to trade to 9.28 this morning. Like most other markets, beans pulled back by the close, settling just above a key trend line 919.2, closing at 9.20. A flash sales announcement of 110,000 metric tons of soybeans for …

AG TIME – Doesn’t Add Up

John WalshGeneral Commentary

The soy complex has bounced a bit after the latest USDA numbers showing record carry domestically and record globally. This whole thing in my opinion does not add up. The Chinese apparently booked 500 ton of US beans. It is immaterial if they book 5 mmt of beans. The US will still have a minimum of 750 million bushels in …

Feeder Cattle Option Strategy

Peter OriGeneral Commentary

Feeder Cattle has a solid bid and going forward, in my opinion, can potentially rally to 151.00/151.5 area. I am looking at MARCH 2019  Feeder Cattle, 145.5 last as of this writing. Weight  count per cow is 2 pounds less in 2018 than this time last year and demand is up as well, while the 2019 head count is around the …

Last Half of December

Steve BruceGeneral Commentary

                                It appears that the market has discounted the large Brazilian bean crop coming to market in a few months as hopes are starting to increase that a trade agreement with China might be reached before the end of the “truce time” set to end in early March 2019……………………Nothing is certain yet new news could be seen as having a …

December Crop Report

Steve BruceGeneral Commentary

December Crop Report The USDA releases its December 1 Supply/Demand tomorrow at 11:00 Chicago time! Historically, it’s a sleeper yet, surprises may occur and we treat all government reports as dangerous! But, if one was going into any report with an attitude that there shouldn’t be any surprises….the December report is the report to do it! World unrest continues and …