February Dollar Index Option Strategy

Peter OriGeneral Commentary

In my opinion the Dollar Index has the potential to move lower. Equity weakness, Fed slowing(stopping?) rate hikes to only two next year and repatriation going into the new year should all weigh on the Greenback going into year end. March futures on the Dollar Index last at 96.15 as of this writing, can potentially move lower to 95.00 and …

Livestock Report

Ben DiCostanzoGeneral Commentary

Livestock Markets consolidated today as traders waited for the Fed and its interest rate adjustment and for the upcoming livestock reports. The fed raised rates a quarter percent and indicated 2 more rate hikes for next year. Equity markets didn’t like Chairman Powell’s comments and plunged. With rates moving higher and the potential for more hikes going forward optimism is …

AG TIME

John WalshGeneral Commentary

The soy lower led by meal. The markets are buy the rumor sell the fact this week. In addition, the weather in South America improves theoretically for arg and brazil both. This is to be expected. The desire is to find reasons to be bullish when there are actually few reasons. The crops are huge  and the demand is declining. …

Sentry Duty

Steve BruceGeneral Commentary

                                If the world is experiencing an economic slowdown generated by trade wars and/or central bank overplaying quantitative easing/tightening then there’s little reason to amass inventories of corn, beans and wheat…………….What’s the rush to own?……………. South American weather is allowing the corn and bean crops to prosper and wet weather for wheat during harvest may lessen quality yet increases the …

Livestock Report

Ben DiCostanzoGeneral Commentary

March Feeder Cattle tested support early in the trading session, declining to 142.725 which just above the 142.40 support level. Price reversed course and challenged resistance at 145.05, reaching 144.975 for the session high. It settled at 144.30, right at the 144.20 key level. If this level holds look for a retest of resistance at 145.05 and then 146.20. A …

March Lumber Option Strategy……Timber!!!

Peter OriGeneral Commentary

Lumber in my opinion, can potentially move lower towards 275.00 and potentially 250.00 for the MARCH CME Futures Contract last at 331.40 as of this writing(see chart).Today’s housing numbers indicate weakness in both existing single family and new single family homes. Construction in new single family homes hitting a 1.5 year low, while housing starts also fell in the revisions …

South American Weather

Steve BruceGeneral Commentary

                                It will be a surprise if the Federal Reserve does not raise rates tomorrow!                                 South American weather is bearish for corn and beans and supportive for wheat…………………..some are saying that it’s tough to be short whea tright now as soft red wheat off the US Gulf is the cheapest in the world and the trade is always afraid …

Bleeding Fear

Brendan SearsGeneral Commentary, Stocks

MACRO BACKDROP:   Welcome back. Holidays are nigh, folks. That said, the equities were anything but jovial today, it seems. The red had nothing to do with Santa Claus or some reindeer’s nose. European news and China were probably less of a focal point in domestic markets today. Stocks across the board were sold off, bleeding hard. Weaker U.S. economic …

Livestock Report

Ben DiCostanzoGeneral Commentary

Cattle markets broke down today as steady cash trade on Friday fails to impress. March Feeder Cattle broke down past support at 143.50 and traded down to the December 4th low at 143.125 on the continuous chart. It settled nearby at 143.325. A new low on Tuesday could see price test support at 142.40. A panic sell could see price …

AG TIME – Time is Running Out

John WalshGeneral Commentary

The soy bouncing a bit here today led by meal. The thought again the Chinese could buy more beans. They need to. There is something amiss here. The market is so oversupplied. And overpriced in my way of thought. We are fast approaching Brazilian harvest. Oh wait, the market wants to focus on the dry area of Brazil and the …