Funds are short and farmer’s are long and the growing season starts getting a little more interesting in May.  We’ll get beyond liquidation ahead of first notice day against the May futures on Tuesday as it is first notice day and the majority of players usually have rolled out. Yet, it has been a bearish influence and the old …

  June Lean Hogs traded in an uninspiring fashion, dipping to a new low at 91.55 and nearly closing the gap from the April 2nd high at 91.50 to the April 3rd low at 92.10. The failure from another attempt to close the gap could only muster a small rally leaving a narrow trading range and a small bodied candlestick. …

                                Unicorns and rainbows and increased Canadian wheat acreage………Might happen if Mother Nature allows it to happen and the 6 to 10 day outlook remains cool and wet so the acreage increase may not happen next week. Yet, all is well in the world as rain makes grain and the attitude is that we’ll get the crop in the ground …

June Lean Hogs gap opened lower, taking out the 93.525 low from April 10th breaking out of its trading range to a new low at 91.725. A blistering rally off the low took price to the session high at 94.175 then dive bombing and settling at 92.375. This is right at the 92.375 support level. The breakdown in price partially …

If we tally up the managed money net short positions in all seven exportable grain contracts as of last week, the total amount of contracts shorts totaled approximately 597,800. This was up from 514,000 the week prior and 440 K two weeks ago. Despite planting delays in much of the Midwest for corn and spring wheat, funds continue to ” …

                                It’s tough to resist the temptation to pick a bottom especially when the weather isn’t looking cooperative for getting the bean, corn,  oat, spring and durum wheat into the ground at a reasonable time.  If old crop stocks weren’t as plentiful as they are then we might have a little bit of delayed planting anxiety but,  the market needs …

  June Live Cattle broke down to the 120.75 support level reaching a low of 120.85 on Monday April 22, 2019. Support held and the market recovered at the end of the day to settle at 121.575, just below the 121.90 key level.  A breakout above 121.90 could see price test 122.825 and then work its way towards the 124.30 …

                                There appears to be no urgency to own anything s the world is comfortably covered through new crop everything. Weather problems appear to be hiccups as we can plant all the corn, beans, spring and durum wheat, oats, sorghum in an instant given the new technology. Above normal moisture in the 6 to 10 day forecast for the Heartland …

                                Chicago wheat spreads may be on the verge of giving up and carry might start working its way back in. May futures are dangerous and most traders should not venture into this shallow water yet as new crop harvest approaches the race is on to capture what premium is still there. Chicago still holds an unnatural premium to Kansas …

                                Field reports of corn getting into the ground in Missouri, Iowa and southeastern Nebraska but any ground to the west or north still appears to be too wet to work.  There appears to be a sense that when the weather turns that we’ll have the ability and fortitude to plant about 5 million acres of corn each day and …