Crop Report February 8, 2019 This could be a game changer in that the data provided by the USDA could prod the market out from these current ranges. I’m not going to predict what this report is going to say on Feb 8th. Lots of data and two hours to trade it following the 11 am central time release. I …
Atonement
Bull markets need to be fed everyday and bear markets feed on capitulating bulls…….Neither bears nor bulls have been eating much the past few weeks. Ask Option sellers what happens to naked volatility sellers! Sometimes we just have to accept sideways and have the discipline to make the trading decision to decide not to trade. Hopefully, we’ll get some …
Livestock Report
Cash trade higher on Friday with cattle sold on a live basis between 123.00 and 126.00 depending on the region. Dressed sales took place between 198.00 and 200.00. April futures responded by inching higher as they rallied to 127.725 and settling at 127.00. Resistance remains at 128.10 and the Thursday high at 129.475. A failure from settlement could see support …
AG TIME – TAKE NOTE
This could be a very interesting week and month for the ag related sectors. The govt reporting agencies will start releasing numbers that were affected by the shutdown. There is much to consider at present. The Chinese have kept their word and have added additional soy purchases. The question remains for the soy complex – does this really matter? The …
USDA Friday
Wheat is special! Unlike corn and beans, farmers do not typically hold on to inventory and board rallies don’t get it to move but, basis pops do the work to get it to where it is desired! And, there’s still a little concern and contention with the vomitoxin variable with deliverable stocks. Some end users are reluctant to …