Good Day, Coffee has been going down fast lately for those speculators watching this, you might want to give me a call. Two levels here to watch. Today’s 96.86 low is .05c off yesterday’s my olive line technical low. I have been asked about coffee lately and here is my spin. I have a blue diamond condition as this market …
Great Kabuki Theater: Part 1 Weather and Wyoming
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. In my opinion the grain markets are on hold waiting for political news on Chinese …
Livestock Report
Live Cattle On Monday negotiated cash trade was mostly inactive in all major feeding regions. Monday afternoon beef cutout values were higher to sharply higher on moderate to good demand and moderate offerings. Choice was up 2.60 at 213.98 with Select up 1.37 to close at 202.29 on 101 loads. The choice/ select spread widened to 11.69. The hide and …
More Seeding’s?
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. It’s a tool, not a toy! I’ve heard it from my parental units and I’ve said it …
Grain Spreads: Two Annoucements
Headline Driven was the theme for the week for grains as beans and wheat pivoted hard from mid week lows to finish higher. Last Friday I was considering hiring a bugler to play TAPS regarding corn, bean, and wheat prices as the USDA submitted overly bearish data in their monthly supply/demand report. Beans looked like the weak link off the …
Livestock Report
Live Cattle Packers continue to be able to squeeze producers as box prices are rising and they are still able to pressure cash prices lower, giving themselves a nice profit. With cattle perceived to be at ample levels, packer leverage is high. Even though demand has been high, they are able sell traders on the idea that demand could disappear …
Livestock Report
Live Cattle On Tuesday August 14, 2018 the October Live Cattle contract traded back into the 112.25 – 108.175 trading range, climbing up to the Monday high (108.85) and settling nearby at 108.725. It stayed above the 107.35 support level again, making the low at 107.90. It also formed a bullish engulfing candle. A break down from settlement could lead …
Waiting Game
This morning’s interpretation of parade of shadows on the cave wall……. It appears like we’re at rest awaiting to see how the balance of the growing season unfolds. In my opinion beans can still benefit, a lot, from some more rains in the Midwest as can the corn which is not in the dent stage…..Per the USDA crop progress report …
Livestock Report
Live Cattle On Monday August 13, 2018 the October Live Cattle contract broke down below the 112.25 – 108.175 trading range, trading to a low of 107.65 and settling at 108.15. It settled below the key level at 108.65 and the 108.175 low. It couldn’t get below the 107.35 support level on the break down however, so support is containing …
Grain Spreads: Rug Pull
Not a good day for the grain bulls on Friday as the USDA in their infinite wisdom raised ending stocks, production, and yield for corn and beans to the most bearish extremes in my view. Wheat acted as tail of the dog as ending stocks were lowered below the average trade guess, the problem for wheat was that global production …