Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

February Lean Hogs broke down and traded to the lower end of its trading range, while the cattle markets rallied, trading to the upper part of their respective trading ranges. Lean Hogs tested the 200 DMA (65.10) today, trading to the low at 64.975 and settling just above the 200 DMA at 65.20. With positive news lacking on the trade …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Strong cash cattle sales at 119.00 on a live basis and up to 187.00 for dressed on Friday couldn’t ignite futures today as cattle futures continued its lackluster trading. February Live Cattle pulled back to support at 120.75, making the low just above it at 120.775. A break down below support could see price move towards support at 119.15. A …

Headlines and Volatility

Brendan Sears General Commentary, Stocks Leave a Comment

MACRO BACKDROP:   Good Monday, readers. I’ll be very brief with my take on the equities today. I believe I mentioned last week that volatility for many stocks was going to be very apparent as we head into the end of the year for a few reasons. As equities digested the, seemingly, positive implications from the G20 summit, it appears …

March Corn Option Strategy

Peter Ori Grains Leave a Comment

Corn fundamentals point to higher prices in my opinion. Demand has risen, shipments are higher, while planting has fallen and farmers in the US in some areas, because of rain, hail and snow have lost their crops, which have been knocked down so harvesting equipment cannot harvest resulting in lost bushels in some areas. The market is a long ways …

Grain Spreads: Wheat Demand

Sean Lusk General Commentary Leave a Comment

Finally! Someone bought some US Wheat. While we have seen Egypt tip their toe in the water and make two small purchases over the last 45 days, it was a purchase by unknown destinations that buoyed the market overnight into this morning. Exporters this AM also sold 224,000 MTs of HRW to an unknown destination. Concern over availability of high quality …

AG TIME – MUCH TO CONSIDER

John Walsh Grains Leave a Comment

The soy has had a nice rally. It is important to realize that this is a historically high price given the stocks to usage. In addition, the current price is actually $1.60 per bu higher given the Administrations one time payment to the farmer this year.  The board is playing a bit of roulette here in my opinion. The market …

5YR NOTE FUTURES AND OPTIONS STRATEGY

Peter Ori General Commentary Leave a Comment

Treasury movements, upcoming Fed events, and economic reports  indicate in my opinion that the 5yr yield will pull back from the current 2.74% yield as of this writing to 2.57% yield. The MARCH 2019 5yr note trading 113.14 as of this writing can potentially move higher toward the 114.25 area and possibly 115.12 area in my opinion. The nonfarm payroll …

World Concerns

Steve Bruce Grains Leave a Comment

Politics and  Federal Reserve policy statements have been having a major impact on grain and bean prices as harvest has wrapped up in the northern hemisphere. Traders are looking at weather  conditions in South America and Australia and it appears that things look good in the near term which suggests that the world will be awash in soybeans for the …

Respect and the USDA

Steve Bruce Grains Leave a Comment

Grains prices are tied to the political talk and posturing with China and the likelihood of a new trade agreement……………………………………………………………………It’s been brutal as many ugly accusations and allegations have surfaced as it appears that  the time of pretending that things haven’t happened is over! Hopefully, things will turn to sea shells and balloons and unicorns and puppies soon and agreements …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

In a light trading session February Live Cattle continued its break out to the upside, trading to a new high at 122.55 just below resistance at 122.825. Continued upward pressure could see price test resistance at 124.30. A pullback from the high could see price fall back into the 121.625 – 118.575 trading range. January Feeder Cattle continued its recovery …