January Soybeans The January soybean market rose robustly in end of the week action. Today’s range (TrueRange=open to close) was roughly 18 points (cents) measuring 1.618 of the daily 14 period average. The weeks TR was roughly 20 points and fell short of its average. During periods of escalating readings dating back to 2008 the week’s average will …
Livestock Report
Live Cattle The December Live Cattle contract held the 119.15 support level on Wednesday morning with the low of the day occurring in the first 5 minutes of trade at 119.025. A choppy morning had price trade between a high at 120.00 to a low at 119.075. Price was able to rally the last two hours of the session and …
The Duke: December Live Cattle
December Live Cattle John Wayne, known as the “Duke”, had a familiar and infamous staggering gait. One theory says the Duke broke his leg before he hit it big, and that created his off-balance walk. This wobbling characteristic, in my opinion, is an apt way to describe the current technical condition of the December Live Cattle …
Daily Gold Report
Despite weakness in the equity markets and subsequent pullback in the dollar this week, gold and silver have only seen modest gains for the first three sessions for the week. December gold futures pushed higher to new monthly highs for November albeit briefly overnight as gold traded 1290 for an instant.Silver up 10 cents for the week so far, has seen …
Now is the Time to Diversify
Now Is the Time to Diversify. With stock valuations historically rich and a substantial amount of uncertainty, we think it makes sense to own some portfolio insurance. According to LPL Financial, the S&P 500 has gone 242 trading sessions without a 3% pullback, the longest streak in history. As seen below, the 10 year cyclically adjusted P/E ratio is in nosebleed …
SPECIAL REPORT – Volatility Cycle
VOLATILITY CYCLE Above is a weekly CBOE VIX (volatility) price chart. The vertical lines display time cycle studies. The index’s most recent low reading is on the extreme of the last three decades. Option premiums have been steadily depressed. Investor funds of Volatility sensitive ETF are at record levels of 2.3 billion. These instruments are designed to appreciate in …
Livestock Levels
Live Cattle The December Live Cattle contract made an attempt to rally above the 120.50 resistance level at the beginning of the trading session on Tuesday, November 14, 2017. It traded up to the high of the day at 120.925 before reversing and grinding down to the low at 118.775. Buyers came back during the last 20 minutes of trading …
South America and Australia Grain Weather Issues from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 16th. REGISTER NOW. If you cannot attend live, a …
Tripwire: December Live Cattle
December Live Cattle In today’s action the December live Cattle market floundered near the the lower end of the trading range of the last few sessions finishing at 120.575. The contract held up at the 119.450 speed-line support and managed to hold above the critical 119.175 level. I have been up until now calling for another …
US Energy from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 16th. REGISTER NOW. If you cannot attend live, a …