ARP HERE Small stock market crash, LONG AND WRONG For now anyway. Could this be a top. Going forward I have levels,but only trading levels. No long term cowboy predictions. In my opinion short covering rallies will be vicious. Do not discard this warning However this is where we can take advantage of the volatility. I could turn bullish stocks …
AG TIME – Something for Everyone
A little bit different approach today. Variety is the spice of life. As they say. There is so much going on I thought I would comment on many of the things I look at although perhaps do not offer trading suggestions. “Jack of all trades, Master of none.” is hard to live by. But sometimes pays dividends. Food for thought. …
Harvest/Seeding and the Federal Reserve
It’s still out there and it’s looking for a place to stay…………………………..Harvest activity is expected to be brisk the next two weeks and corn and beans will be looking for bins and bags to spend the rest of the Fall and Winter……………………………..Yet, basis levels on corn firmed a little yesterday as some are saying that the producer is doing a …
AG TIME – Cheap and Expensive
I would like to start this out by saying, in my opinion, there is no such thing as cheap or expensive. It appears to me that as market participants we get caught up in the cost of production relative to board price. It is irrelevant if a particular person, or many people, can sell at a profit or loss. The …
Getting into Gut Slot of Corn and Bean Harvest
The numbers are out and we can go back to focusing on weather, trade deals and monetary policy. The USDA figures; Corn production at 14.778 billion bushels surprisingly down from the September estimate and carryover projection increased by lowering exports………………….Bean production was decreased by 3 million bushels from the September figure to 4.690 billion bushels and carryover increased …
Pre-USDA, Buy Bearish Report?, LC FC OLS, KWZ SU, OJ
Good morning Strategic view CORN- Let’s see what the $3.60 bears can do. I like standing at my long term macro levels to buy. I made long term bottom call in corn on an org 3.43 support, and tiny OLB2 under 3.48ish. This was confirmed with a reversal down bar my sequence right into olive buy extreme. 5c sloppy. Buy …
AG TIME – Report Thursday
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 …
Feeding a Bull Market
Bull markets need to be fed every day! The cupboards appear to be bare, today!!! The USDA may change that tomorrow at 11:00 with its release of the October 1 Production estimates and Supply/Demand projections. Analysts and traders have been suggesting that we might see a small increase in corn and bean yields, domestic …
AG TIME – The Calendar is Key
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 …
Hurricanes,Ethanol, and Reports
Hurricanes and Crop Reports are on the menu this week and both are equally easy to predict……………………Not! …………………Go into Thursday’s report understanding that the USDA has given us bearish surprises on the last three major reports and it is a coin flip once again…………………Do not believe that there is a pattern! Anything can happen! The average trade guesses are for …