Good Mid-week Speculators, First it’s wild how when I take time off over decades that markets tend to move vertically (good, fast)and here we had end-of-month buying in KC wheat now up what? 50 cents from last week low in that overnight, down 1% cleaning as much as the HFT rats could stop out. KC $7.00? why not? But rocky soon. …
Live Cattle
Live Cattle The April Live Cattle contract opened higher (124.25) on Tuesday, February 27, 2018. It attempted an early rally, trading past resistance (124.70, 125.50), reaching the session high at 125.675. It broke down from here and traded to the low of the day (124.15). It ended the session at 124.20, creating a Gravestone Doji candlestick. After testing resistance levels …
South American Grain Weather Issues from WxRisk.com for February 25th
For the complete South America Grain Weather Issues Report, CLICK HERE. For those intersted in grains, Walsh Trading hosts a weekly FREE Grain & Livestock Outlook Webinar on Thursdays at 3PM CST. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Livestock Analyst with Walsh Commercial Hedging Services. Sean and Ben will host their next webinar on …
Wrangled: May Feeders
May Feeders Following the drubbing from mid last week the feeder cattle managed to keep it relatively together in today’s session. Prices fought off the 100 day of roughly 148 to settle slightly lower at 148.950 and managed to close just above an hourly channel line. The market will have to hold above that 148 level to stave …
Live Cattle
Live Cattle The April Live Cattle contract opened lower (124.00) on Monday, February 26, 2018. It attempted an early rally, trading up to resistance (124.70), reaching the session high at 124.75. It broke down from here and traded to the low of the day and for the down move at 123.55. It ended the session at 124.00, creating a Doji …
South American Grain Weather Issues from WxRisk.com
For the complete South America Grain Weather Issues Report, CLICK HERE.
Full US HRWW Grain Weather Report from WxRisk.com
For the full report, CLICK HERE.
Good Volatile Friday Folks,
Need offer, Bil. bushels, and sell crude longs. [Weeks ago comment] The way I envision this broker stab at helping Farmer’s, Ranchers, Speculators, Ethanol, Option geeks, Old Human Trader’s From not get tattoo ed from the crazy 8′ $ DACA computer programmer Day Dreamers rammers (LCJ sell 1500 in 1min? freefall this week? I can and am making it …
AG
SOY COMPLEX The weather in Argentina remains dry. The Brazilian crop is a bit wet in areas. The market has a couple questions to answer. First, what is the actual Argentinian crop size. Second, does it matter given the tremendous growth in carry over the past three seasons. The US may see an uptick in either bean or meal exports. Most …
Grain Spreads
Soy Complex Old crop/New crop bean and meal spreads continue to trade higher this week as managed funds continue to push both outright beans and meal higher. The catalyst for this rally has been the lack of rain in Central and Southern Argentina. Drought there goes back several weeks with many prominent crop scouts continuing to cut the soybean crop …