Grain Spreads: Sea of Red

Sean Lusk General Commentary Leave a Comment

Grain markets have traded range bound the last few sessions as intra-day or overnight rallies find willing sellers as buying dissipates. The same can be said when we have tested support as in meal, beans, wheat, and corn. With a Chinese delegation in Washington this week, it seems that shorts aren’t that comfortable getting caught in front of a potential …

AG TIME – Back and Forth

John Walsh General Commentary Leave a Comment

I don’t have a lot to comment on. The complex is paying attention to rhetoric, theories, hopes and dreams, in my humble opinion. There is a sincere hope that the trade conflict is sorted out. As I have said, it is my thought that it will be, to the favor of the US. However, that does not change a couple …

Feed the Bull!

Steve Bruce General Commentary Leave a Comment

                                                The old adage of needing to feed a bull everyday appears applicable with today’s price action. Wheat was impacted by lower than expected offers to Egypt in its tender for early March arrival and shook off the fear of winter kill in those areas in the Heartland which will slip to well under 10 below Fahrenheit without snow cover. …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Cash traded from 122.00 – 126.00 on a live basis (depending on region) with the bulk traded at 123.00. Dressed sales ranged from 197.00 – 200.00 with the bulk at 197.00. Slaughter is estimated to be 610,000. Cutouts remain high as Monday cutouts showed choice up 0.39 to 217.40 while select dipped 0.42 to 211.61 on light to moderate demand …

AG TIME looking out

John Walsh General Commentary Leave a Comment

The market was quiet. Looking down the road. The market can bounce some more here if the funds want to buy, for whatever reason they do. However the soy complex, especially beans and meal are fighting a structural problem in my opinion. The beans are just over supplied. Regardless of the draw down in the South American crop. The lack …

USDA February 8 and ??

Steve Bruce General Commentary Leave a Comment

                                                As of this writing there is no definite word as to when the USDA will release its December 1 stocks-in-all-positions report as well as winter wheat seeding estimates. The next  Supply/Demand report will be February 8! Hopefully, they’ll break the suspense and announce when they will release the stocks, seeding and final production figures!                                 The US will be …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

In a quiet trading session April Live Cattle consolidated between resistance at 126.625 and support at 125.80. A break out above resistance could lead to a test of the January 16th high at 127.80. A failure from the low could see price test support at 124.30. Cash trade remains quiet as packers seem content to wait until late Friday to …

AG TIME – Consider

John Walsh General Commentary Leave a Comment

Today there may be some changes to consider. Perhaps they are slow to come, or perhaps they happen quickly. There is a slowdown of Chinese bean imports. The USDA may need to adjust the balance sheet. This would add to the carry over. The Chinese issue with African swine fever continues to spread quietly without much coverage here. I don’t …

Meal Plan: Strangle with Beans

Sean Lusk General Commentary Leave a Comment

We are going to keep this short and to the point today. July meal: Buy the 350 call and sell the 4.00 call. Cost $350-380 per spread, max profit is 5K minus commissions and fees if futures settle above 4.00. Trend line designated by blue arrow has held for weeks, yet meal hasn’t gone anywhere. A wedge has formed here …

Staying Reasonable

Steve Bruce General Commentary Leave a Comment

                                                It’s the time of the season when traders talk about winter kill in wheat but, unless it’s frigid cold for a week and no snow cover and very dry it is very difficult to zap the growth nodule to death…..Wheat is a surprising plant as the crusty  old timers refer to it as the Lazarus crop as it looks …