A bull market needs to get fed every day. This year we’ve problems with planting and the lack of growing degree units and the length of our growing season is critical. But, if the NWS forecast of warmer and slightly wetter than normal conditions prevails it might be a little difficult for the market to rally. That said, there …

   The August Lean Hogs contract was under tremendous selling pressure on Monday. It was expanded limits day for hogs and sellers took advantage, pressing hogs and taking them down 3.95 from settlement to 73.95. It settled at 74.225. This right at the 74.25 support level. Breaking down below settlement could see price test support at 72.80.  Is settlement holds …

                                It’s getting a little tougher to feed the bull every day with cooler and/or wetter than normal weather in the Heartland.  Wheat quality is slipping quickly given the moisture but, we’re at the point where hot and dry might be what’s needed to hurt the bean and corn crops.  Normal temperatures and slightly wetter than normal conditions might not …

   The August Lean Hogs contract collapsed on Friday, going limit down and settling limit down for the session. Breaking down below the 80.40 – 79.80 support area and the 100 DMA at 80.47 set the market in flames and they couldn’t be put out. The low and settlement price was 77.90 which is right at the 77.80 support level. …

Trend and Index funds have flipped their massive short grain positions in the market since early May. They were record short across seven grain contracts to the tune of approximately 750 K shorts. Last week they were short just 45 K across corn, soy complex, and all wheat classes. There’s a lot of noise about delayed plantings now being priced …

   The August Lean Hogs contract opened lower and found support above the 80.40 – 79.80 support area. It made the low during the first minute of the trading session (80.925) and then exploded higher. It traded to the session high at 83.175 then consolidated its gain for the rest of the session. It settled at 83.00. It couldn’t rally …

Nov19/Nov 20 Beans and Dec 19/Dec 20 corn spreads have abruptly made a turn lower as the grain complex as a whole takes a breath with longs being liquidated. Sure there’s long term problems and issues that will most likely keep this market bid in my view, at least until we get factual data on planted acres and then yield. …

                                There’s a lot of growing season left and given the lesser acreage for corn, problems with wheat and declining yield potential for soybeans we might anticipate cautious end user buying on any significant dips. yet, there’s no reason to chase a rally unless we start part 2 of the weather market of 2019 and that might come from extreme …

                                The fear and anxiety over the weather is here and it’s not going away for a long time! An accurate planted acreage figure for corn and beans might not happen until the final crop report next January but, we will receive a fresh figure on June 28. We’ll also get stocks as of June 1 and it is first …

The August Lean Hogs contract is the lead contract as its volume has exceeded July’s volume. It tested support at 79 .80 making the low just above it at 79.90. It rebounded sharply off the low and made the high at 82.425. It settled near the high at 82.25. A rally above the high could see price test resistance at …