SOY- The beans are under pressure. The USDA report gave false hope that 755 million bu is not ample. There is a more than ample amount of beans domestically. Looking at the market from a crush perspective. The July 168 pace is a record. The margins are solid still. The oil stocks at 1.47,friendly. The global demand for oil is …

   The October Lean Hogs continued its consolidation within last Monday’s huge trading range. Monday’s range was 69.90 high to 61.50 low. Today’s range was 67.275 to 64.60. Settlement was 66.775. A break down from settlement could see support at 64.80 tested. A rally from settlement could see Tuesday’s high (68.50) tested. The Lean Hog index fell to 80.95 as …

A continued slide in corn for the third straight day has given thoughts to funds flipping from a net long to net short position. Recent rains in the Midwest have curtailed any further buying of beans despite a bullish report Wednesday. Rallies for now are selling opportunities as soy lacks a near term bullish driver as weather isn’t threatening for …

Another bearish whopper given by the USDA as all the kings horses and all the kings men couldn’t knock down the corn acreage number again. Despite the fact the FSA (farm service agency, division of the USDA) revealed in a separate report today that prevent plant acres of corn totaled a record 11.2 million acres. Corn finished limit down. Click …

The October Lean Hogs continued its consolidation within last Monday’s huge trading range. Monday’s range was 69.90 high to 61.50 low. Today’s range was 69.125 to 65.00. Settlement was 67.075. A break down from settlement could see support at 64.80 tested. A rally from settlement could see today’s high tested. The Lean Hog index fell to 82.33 as of 8/8/2019. …

The October Lean Hogs continued its consolidation within Monday’s huge trading range. Monday’s range was 69.90 high to 61.50 low. The rest of the week’s range was 68.775 to 64.175. Friday’s range 68.65 to 66.60.  Ho hum…. A break down below Friday’s low could see Monday’s low tested. A rally above the high could see Monday’s high tested. The Lean Hog …

The soy complex led the way higher for grains this week. November Beans finished 22 cents higher while Soy Oil gained $1.20 to just shy of the 30.00 threshold and a potential breakout on the charts. December soy meal gained a scant 4 handles to finish at 303.7. Funds have been slowly building a burgeoning short in the soy market, …

The October Lean Hogs consolidated yesterdays decline, eating up most of its losses and settling near the high of the day. Wednesdays high is 66.95 and settlement is at 66.85. Still way below yesterdays high of 68.775. Also, an up-limit move will still be below Mondays 69.90 high. So a limit move is still consolidating the weeks range wow!! Even …

The October Lean Hogs nearly went down limit on Tuesday. I mean… it just consolidated within Monday’s trading range. Both statements are real… Yesterday’s huge 8-handle plus trading range made today’s move look like nothing major happened. Wow… The conflict between the US and China over trade has the market on a roller coaster ride that feels like it is …

We started the week with a mass sell-off across the commodity board except for grains as short covering ensued in corn, beans, and wheat on Monday. Today prices traded back in the red, albeit they were small losses led by wheat. The heightened ten percent tariffs announced last week and China’s proportional response of eliminating future ag and livestock buys …