May Feeder Cattle The rally in the feeder market which commenced in the later part of 2017 seems to have completed a subset a-b-c advance. Furthermore the overall structure stemming from the fall of 2016 appears to be a complex W-X-Y-X pattern which is not yet complete. The missing leg would call for an advancing A-B-C pattern …
US Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what …
Grain Spreads
Soy Complex Both soybeans and soy meal gave back early weekly gains as wetter forecasts in the 6 to 10 day forecast in Argentina emerged. While persistent dryness accompanied by heat has been constant in the central and southern growing regions of the country, both bean and corn crop crops are only in the beginning stages of development. This leaves …
Did… did you just double dip…? : Dollar Futures
US Dollar Futures The Dollar futures have been on a slide. They managed to sneak in a few minor bounces but nothing with any teeth.The structure of the decline appears to be a series of impulsive moves that,in my opinion, is not complete. I see one or two more lows ahead of us which will ultimately bottom out …
Grain Spreads
Corn/Wheat It was breakout central in the wheat market this week as Chicago and KC outright contracts have led the way higher. We have been beating the drum since late December encouraging those to consider selling Minneapolis wheat vs buying either Chicago or KC against. Minn/Chicago traded up to our sale target at 1.95-97 Minneapolis over, but as we suggested …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. Summary: There really is not much to change in the forecasts until you get into the 11 to 15 day. The the MJO models yesterday and on Monday began to show a change in that the very strong impulse was going to weaken rapidly once it reached phase 8 and …
Grain Spreads
Soy Complex Both beans and meal continue to grind higher on the charts as drought like conditions in Argentina continue to provide a bid into the market. WX Risk, the AG weather site sees temps ranging from 100-113 fahrenheit in the Central and Southern growing areas through this weekend. The extended hotter and drier conditions which continue to worsen in …
Livestock Report
Live Cattle The April Live Cattle contract gap opened lower (124.60) on Tuesday, January 30, 2018 and traded down to the low of the day at 122.725, this is just below trendline support at 122.775. It found support here and rallied to a new high (124.90) for the day and closed the gap created at the open and the Monday …