June Lean Hogs traded down limit as China retaliates with new tariffs on US goods. Limits will expand for trade on Tuesday to 4.5 handles. Hogs settled at 86.675. Support comes in at 85.375 and then 83.325. The 50 DMA is at 86.97. A recovery could lead to a test of resistance at 88.325 and then 90.45.The market remains vulnerable …

                                China is not self sufficient in the food sector! It needs to get a heck of a lot more efficient with grain/meat production or  resolve to having its population on a permanent diet.  The recent collapse in grain prices has been influenced by the threat and reality of a trade war yet Brazilian corn production at 100 mmt this …

  June Lean Hogs continued it trading within Tuesday’s trading range. Trading above the 90.45 resistance level could see price test resistance at 92.375. A break down below the 88.375 support level could see price approach the Monday low at 85.375.  The tariff increases are here but it will take some time to effect trade. Cash prices should firm on …

                                The USDA figures will be known soon and there will be a reaction.  Yet,  what moves the markets as we get into the heart of the growing season? Of course, we’ll be following weather forecasts across the globe and we’ll be focusing on trade agreements or the lack thereof and the things that the administration might implement to soften …

                                Does world grain demand really slip that much sans a trade deal with China? We haven’t seen soybeans this low since the Fed got rolling with quantitative easing back in 2009. Demand is still here but the helicopter money isn’t!  Central banks appear to have run out of ink! Regardless, it’s not pleasant in the agricultural world with prices …

  June Lean Hogs gap consolidated within Tuesday’s trading range. Trading above the session high at 90.40 could see price test resistance at 92.375. A break down below the 87.575 low could see price approach the Monday low at 85.375.  With mid-night Friday morning fast approaching, traders are hoping for news on the trade talks with China. This is the …

After showing a little life last week, grains returned to the downside this week following renewed concerns or progress of a trade deal with China in my view. As said many times on my thread, trade the charts and do your best to avoid the noise. Planting windows are starting to show up in the Midwest next week in the …

  June Lean Hogs gap opened lower and with expanded limits (4.5) in place, nearly went down limit. It dropped to a new low at 85.375 before doing an about face and rallying to the session high at 91.35. Yep, that’s right a 6 handle rally to the high. The Wild Wild West has nothing on the Hog market. That’s …

                                Please remember that the USDA releases  its first winter wheat production estimate at 11 on Friday. We’ll also get the usual international production figures and domestic and international Supply/Demand projections. Respect the USDA!                                 The 2019/2020 crop year is starting with some underlying bullishness as winter wheat acreage is the lightest it’s been in a century and corn, oats, …