USDA Corn Surprise – Stocks are Fanged

Alan PalmerGeneral Commentary

ARP HERE, I have been covering stocks for the past few months looking for a break. I have been accused in the past of being a pit bear in the nasdaq. I named my old site after my nickname nasdog. Anyway,I have had many questions regarding the nasdog. That is the genesis. Two days ago I cited my continual thought …

Livestock Report – Feeder Cattle

Ben DiCostanzoGeneral Commentary, Livestock

Feeder cattle broke down to the lower part of its 159.90 – 155.525 trading on Wednesday October 10, 2018. It made its low at 155.725 and settled at 156.175. The aggressive purchasing of feeder cattle seems to have come to a halt. Muddy conditions in feedlots plus calf weaning and colder weather lead to illness risk creating a cautious buyer …

Grain Spreads: Points on the Map

Sean LuskGeneral Commentary

I have been reading and watching over the last 36 hours many pre-report USDA guesses and subsequent game plans regarding the grain trade for the next 30 to 60 days. Eerily they are all the same. Buy any spike dips in corn and beans as the anticipation is that funds will buy the next dip in both on a report …

AG TIME – Report Thursday

John WalshGeneral Commentary, Grains

The USDA report tomorrow could be important. The markets are easing a bit into Thursday. I have covered the fundamentals as I see it over the last week. The numbers are off the charts huge. That most likely won’t change. The probabilities are a .5-1 bu to the acre increase. This coupled with the declining exports will equate to a …

AG TIME – The Calendar is Key

John WalshGeneral Commentary, Grains

The soy was under pressure with the thoughts switching to the USDA report Thursday. The crop progress today should show the pace about normal. The weather forecast is drying out in many key areas and will allow the harvest to progress nicely. There will, of course, remain spots that are problematic. That is normal for any year. There is plenty …

Livestock Report – Cattle

Ben DiCostanzoGeneral Commentary, Livestock

Cattle markets continue to trade in a range. Feeder Cattle is trading between 159.90 and 155.525. Live Cattle is trading between 119.75 and 116.625. The cash market on a live basis between 110.00 and 112.00 and dressed between 173.00 and 175.00. Boxed beef between 203.00 and 206.00. Supply and demand in a balanced (ho hum) state. What can alter the …

Grain Spreads: The State of Grain

Sean LuskGeneral Commentary

Impressive bounce in beans and a modest pop for corn followed by recent rallies in wheat being sold into has been the theme for grains to start October and the 4th quarter. Trade agreements like NAFTA being reworked with the recent impasse with Canada now behind us has given thoughts to deals being reworked and resolved with the EU and …

AG TIME – Production

John WalshGeneral Commentary, Grains

The USDA will release production estimates on Thursday. This report will be of importance, in my opinion. The expectation is for a larger yield, approaching a record. The carry will continue to rise to unprecedented levels if the numbers continue to climb. The global picture remains much the same. The Brazilian is way ahead on planting with some key areas …

Friday wrap, Inflation, higher rates

Alan PalmerGeneral Commentary

GOOD MORNING, The following represents my thoughts , opinions, and the market chatter I pick up, So, It is my belief that knowing or thinking one knows where we are in a given cycle can assist in a long term thought. Then The Olive Line can assist in smoothing out the trading levels. I have been bullish Inflation for quite …

AG TIME key levels

John WalshGeneral Commentary, Grains

The soy traded both sides. A few thoughts to consider. The markets have rallied off strong demand outside of China for US beans. This buying spree may be coming to an end on the board. To go higher the fundamental picture really is not in place in my opinion. I have spoken of looking at the 2019 nov beans above …