Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

  June Lean Hogs consolidated within Thursdays trading range creating an inside candlestick. The past two trading sessions saw price inch past the 93.50 resistance level before pulling back and settling below it. Friday’s settlement was 92.75, just above support at 92.375. June Hogs are in the middle of a wide trading range from 86.25 low to 99.825 high. With …

Grain Spreads: Buckle Up

Sean Lusk General Commentary Leave a Comment

Soybeans and Meal are clinging to support where a breach under 840.0 July Beans or under 2.95 in July Meal could potentially lead to a jailbreak to the downside technically. Downside targets could then be 812.2 for July soybeans and 269.6 in meal. Corn has shown some life lately and sits almost 20 cents from last weeks lows. It can …

Respect

Steve Bruce General Commentary Leave a Comment

                                Funds are short futures and options and farmers are long cash, both old and new crops! Have we discounted the bearish factors on the board? Do we feel  the rest of the bearishness of decent crops  in the basis when the time arrives when farmers have to give up title? Cash needs and/or storage tightness might become major factors …

Today’s Market Day Report

Scott Gecas General Commentary Leave a Comment

Every day the Market Day Report delivers “live” coverage of agri-business news, weather, and commodity market information from across the world. Scott contributes information on the complete agriculture spectrum with a focus on the option markets. View today’s video

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

June Lean Hogs made a meek attempt at testing the 87.0625 support level, as it opened lower and dipped to 87.55 for the session low. Hogs pivoted and surged higher, going limit up for the day, settling up limit (91.225) and setting up 93.50 as the target for Thursdays’ trade. Hogs will have expanded limits for trade on Thursday (4.5 …

Grain Spreads: Showing Some Life

Sean Lusk General Commentary Leave a Comment

“Sell in May and Go Away” has been an old adage in stocks for years. Sometimes it has worked, others not so much. I’m not sure this adage has ever been applied to the grain trade as planting begins and uncertainties in the growing season are magnified. Sell after 4th of July weekend might be more apt for corn and …

Weather Worries!

Steve Bruce General Commentary Leave a Comment

                                Starting to hear talk of how things were in 1993! Saturated soil and rains through early July wiped out most of Iowa’s crops. We’re not there yet, and hope to never get there again. Rock Island, Illinois is just an inch below the record flood level set in 1993! In 1993 Iowa was only 3% planted with corn on …