I believe we will start hearing further noise in the market about increased plantings of corn at the expense of beans for the 2019/20 crop season. While some rumors on this are slowly creeping into the market, the reasons are not without merit in my view. Whether it becomes reality is another matter as trade disputes getting resolved along with …
Knowledge is Good! As is Respect!
Always keeping an eye on the Great Lakes-St. Lawrence Seaway System for updates on closings and such as it applies to deliveries……………………………………….Stoppers can always rail or barge stocks out but Lakers always carry the most bang for the buck……………………………………. There has to be a reason for grains to be open during the National Day of Mourning for …
Livestock Report
February Live Cattle reversed course yet again, trading up from yesterday’s lows and moving higher all session long. It inched out a new high at 121.75, trading above the November 30 high of 121.625. It ended the session near the high and sets up a possible break out scenario for Wednesday. If Cattle opens higher on strong volume look to …
FEBRUARY SOYBEAN OPTION STRATEGY
March Soybeans appear to be a buy as tariffs seem to be getting lowered by the Chinese after Trump and Xi had their meeting Saturday as both agree lower their tariffs and to trade on a more equal footing, in my opinion. March Soybeans last as of this writing 923-6. Chinese demand for Soybeans as well as Asian area countries …
Livestock Report
February Live Cattle remains in its trading range as a stronger cash market once again fails to lead futures higher. Cash cattle traded as high as 118.50 on a live basis on Friday, with dressed cattle at 185.00. Futures opened near the session high and traded lower towards support at 119.15. The range was 121.425 – 119.825. The market continues …
Trading the Beginning of the End…
MACRO BACKDROP: Welcome back, market readers. A bittersweet start to December, I think. Bitter, for lack of a better term, was the passing of the late George H. W. Bush on Friday Nov. 30th; yet, sweet was when we consider events from the weekend. Over the weekend, it appears that some headway was made in the G-20 meetings, according to …
Alchemy
We’re there or almost there with stopping Kansas City futures, taking the bushels and loading them on rail cars and shipping them up to deliverable Chicago elevators…….Is there enough time and are there entities out there capable and willing to use their facilities? Speculators might theorize and contemplate being long KC and short Chicago yet, it takes actual cash traders …