2019 Stocks Might Make a Run For It

Brendan SearsGeneral Commentary, Stocks

MACRO BACKDROP:   Hope all of my dedicated readers had an awesome Christmas. Now it’s onto the New Year. Nearby contracts in the index futures are the subject here. It looks like the stocks have regained some footing today. The dollar saw some relief as buying spurred in it today as well.  I believe that the so called “Santa Claus …

AG TIME SHUT DOWN

John WalshGeneral Commentary

The one thing that can be said of President Trump. He keeps his word. The usual political scenario is inconsistent with his way of doing things. So we go to a shutdown. I dont know if this is important to the AG sector. The beans and soy complex under pressure today. Weather improving in South America. The current prices in …

What If?

Steve BruceGeneral Commentary

We close early on Monday and celebrate Christmas on Tuesday…………………………….Merry Christmas!                                 Government services at 70% of normal next week, or not, we’ll still be open and will survive even if we do not get government reports……………Remember that we started to keep tabs on export shipments back in the early 1970’s after we oversold our soybean crop and became an …

Submit/Surrender

Steve BruceGeneral Commentary

                                The The world still needs to eat even when facing economic upheaval and uncertainty………………What may be  certain is that our Federal Reserve likes to be in charge………..They made us smell the glove yesterday giving the announcement that rate hikes in the coming year are still in place despite the recent market action which signals a slowdown………………..                                 Grains are …

February Dollar Index Option Strategy

Peter OriGeneral Commentary

In my opinion the Dollar Index has the potential to move lower. Equity weakness, Fed slowing(stopping?) rate hikes to only two next year and repatriation going into the new year should all weigh on the Greenback going into year end. March futures on the Dollar Index last at 96.15 as of this writing, can potentially move lower to 95.00 and …

Livestock Report

Ben DiCostanzoGeneral Commentary

Livestock Markets consolidated today as traders waited for the Fed and its interest rate adjustment and for the upcoming livestock reports. The fed raised rates a quarter percent and indicated 2 more rate hikes for next year. Equity markets didn’t like Chairman Powell’s comments and plunged. With rates moving higher and the potential for more hikes going forward optimism is …

AG TIME

John WalshGeneral Commentary

The soy lower led by meal. The markets are buy the rumor sell the fact this week. In addition, the weather in South America improves theoretically for arg and brazil both. This is to be expected. The desire is to find reasons to be bullish when there are actually few reasons. The crops are huge  and the demand is declining. …

Sentry Duty

Steve BruceGeneral Commentary

                                If the world is experiencing an economic slowdown generated by trade wars and/or central bank overplaying quantitative easing/tightening then there’s little reason to amass inventories of corn, beans and wheat…………….What’s the rush to own?……………. South American weather is allowing the corn and bean crops to prosper and wet weather for wheat during harvest may lessen quality yet increases the …

Livestock Report

Ben DiCostanzoGeneral Commentary

March Feeder Cattle tested support early in the trading session, declining to 142.725 which just above the 142.40 support level. Price reversed course and challenged resistance at 145.05, reaching 144.975 for the session high. It settled at 144.30, right at the 144.20 key level. If this level holds look for a retest of resistance at 145.05 and then 146.20. A …

March Lumber Option Strategy……Timber!!!

Peter OriGeneral Commentary

Lumber in my opinion, can potentially move lower towards 275.00 and potentially 250.00 for the MARCH CME Futures Contract last at 331.40 as of this writing(see chart).Today’s housing numbers indicate weakness in both existing single family and new single family homes. Construction in new single family homes hitting a 1.5 year low, while housing starts also fell in the revisions …