July Soybeans Follow thru weakness dominates the bean contract as prices continued slide violating lows established in late may. weekly and daily candle formations give no sign of hold. As touched on in recent postings extended near term support comes in at 894 to 888. This area is marked by channel lines and the .618 extension level.I currently …
Meats over, Beans approach levels.
Meats- Cattle and Feeders cling to last buy levels, under gets ugly for longs. If current OLB turns into a OLB VIO HFT algo’s tattoo these two. This is like a $52.50 crude buy that I described as last level to get under to turn. Result was similar to crude oil price collapse last week to last month. Hogs- Climbing …
Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE. For those interested in grains, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. If you cannot attend live, a recording will be sent to your email upon signup. REGISTER NOW. If you missed last week’s webinar you may VIEW A RECORDING.
Daily Gold Report
Gold prices halted their recent slide albeit by the smallest of margins Wednesday gaining a whopping $2.40 in value to close at 1245.8 basis August futures. There seemed to be a reluctance of selling at the 1240 level along with technical chart consolidation after prices hit a four-week low early on. Mostly weaker world stock indices today worked in favor …
Soybean Complex: First Line Support
July Soybeans Soybeans continued slide to projected support area touched upon in yesterdays post. A moderate five way structural decline seems in place commencing from the 947.4 high. With divergence showing up in the hourly charts a rebound from this level could be in the cards. Any recovery of an non-impulsive nature should be met with resistance around …
Ag Commentary
The markets were down today. The weather has been fairly conducive to bean production overall. There are some problematic areas but that is always the case. The concerns at present are that it turns hot and dry in august. That has had the market on the defensive. The reality of the situation now is that we would need to go …
Hogs, the hook, Coffee, crude, into Qtr-End#2 17′ buys
Crude- pre qtr-end, mini crash rules apply if catching this swift falling (opportunities laden) knife that has lost nearly 20% in a heartbeat. I like $41 figure and hear retail market color talking $20’s. This happens as we approach my olive line. The number that hurts (you) the most amount of traders. Look for my webinar upcoming. It’s going to …
Live Cattle Report
Live Cattle The August Live Cattle opened (115.80) lower from Monday’s settlement (116.10) on Tuesday, June 20, 2017 and raced down to the low of the day at 113.65. The low came in just above the 200 DMA (113.25) support level and buyers came in at this level and took price higher. By the end of the session Live Cattle …
Tuesday AM Grain Weather Report
TUESDAY AM RADAR — CLICK HERE TO SEE FAST LOADING RADAR The mid morning radar shows some moderate rain showers and a few weak storms over the southern half of WI. There are some moderate rains and locally heavy storms over far southeastern NC into central & east SC, central & east GA & the FL panhandle. MONDAY MAX TEMPS 70s over …
Overseas Grain Weather Report
For the complete Overseas Grain Weather Report, CLICK HERE For those interested in grains, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. If you cannot attend live, a recording will be sent to your email upon signup. REGISTER NOW. If you missed last week’s webinar you may VIEW A RECORDING.
