overview thoughts

John Walsh General Commentary Leave a Comment

There are many things to consider in the macro market. The global outlook is offering both opportunity and risk. It is important to have a quantifiable approach and follow it, or the road to peril will be quick and certain. The energy markets are showing weakness. There are many considerations regarding the political picture globally especially as it relates to …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

   The December Lean Hogs contract made an attempt to break out above the 71.325 – 71.80 resistance zone. There was also trendline resistance at 71.975 just above this zone. It made the high at 71.75. The failure at resistance let to a collapse and futures traded down to the session low at 68.775. It was able to recover off …

follow the vegoil

John Walsh General Commentary Leave a Comment

The soy complex overall was uneventful. At times these mundane days actually can present quiet opportunities. The bean oil again climbed to 33% oil share. The recent high was approx 33.7%. It is my thought the market will test and ultimately take that level out. The global vegoil demand remains stout overall. The ARG price set back this week,while brazil …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

   The December Lean Hogs contract broke out above the September 17th high (70.60) on the continuous trading to a new high at 71.575. This is within the 71.325 – 71.80 resistance zone. There is also trendline resistance at 71.975 just above this zone. It settled at 71.40. This is a critical area for Hogs. A break out above this …

Grain Spreads: Take the Collection

Sean Lusk General Commentary Leave a Comment

Interesting times here across all market sectors. Grains have been no exception. Early frost/freeze events that might of caused sizable reductions in production for corn and beans this year hasn’t shown up. We have burdensome ending stocks currently and yet the market wont break. Recent demand has been good. China most recently have been in with some good will purchases …

play the long ball

John Walsh General Commentary Leave a Comment

The soy is bouncing and has some reason to at present, given the Chinese purchases and the weather concerns. The soy yields are something to watch as harvest gets underway. This of course will be important . It is equally important to remember the global soy situation remains more than ample. The SA planting has some weather concerns. However, it …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

The December Lean Hogs contract rallied off of support at 66.55 and traded past the declining 50 DMA (68.65) with the high at 68.875. It settled below the 50 DMA at 68.375. Positive trade news instigated the positive move. The failure to settle above the 50 DMA keeps the moving average as the key to trade for Tuesday in my …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

   The December Lean Hogs contract made an early attempt to rally as positive trade news sparked some buying. The rally stalled just above the 50 DMA (68.90) at 69.075. Price then grinded lower and then accelerated to go down limit for the low of the day at 64.95. The lower limit move came about as the Chinese canceled a …

Grain Spreads: Choppy Two Sided

Sean Lusk General Commentary Leave a Comment

It looked as if grains could sustain the rallies from last week and earlier this week. However positive trade talk that filled the airwaves and social media on top of new AG purchases by China for future shipment seemed like a distant memory by today’s close. Beans were the biggest loser losing 10 cents in November today while corn and …

Global Shifts

John Walsh General Commentary Leave a Comment

There are potentially some shifts going on globally that could have lasting implications. The macro outlook in oilseeds presents a very competitive scenario. The crush rate should prove to do two things. The first is a pressure on crushing margins. The second is a environment where oil share gains. This week oilshare hovered in the 33% level. The long term …