The grain markets all took pause the last two sessions slowly pulling back from Mondays rally as harvest pressure reigned in prices. If one looks at deferred corn and bean prices sitting well above 9.00 a bushel in beans and just over 4.00 in corn, it should be an easy decision for the producer to layer in small percentage hedges …
Livestock Report
Livestock markets continued it lethargic trading on Wednesday, October 17, 2018. The December Live Cattle market stayed within Monday’s upper range, while the January Feeder Cattle traded down to the Monday’s low and December Lean Hogs traded down to the lower end of its trading range. Ho hum… Look for a breakout past their trading ranges for the next possible …
Last Half of Harvest
Wet weather is back in the forecast as the NWS is stating that we’ll get a little wetter than normal in its most recent 6 to 10 day projection……………………………….Producers might take this into consideration and hustle night and day and we may see the USDA place harvest completion over the hump at 55% for corn and beans on the Monday …
Livestock Report
Livestock markets were stagnant on Tuesday, October 16, 2018. The December Live Cattle market traded within Monday’s upper range, while the January Feeder Cattle traded slightly higher and dipped into Monday’s range and December Lean Hogs ran up to resistance at 58.25 before falling back into Monday’s range. Ho hum… Look for a breakout past their trading ranges for the …
AG TIME
The soy was down after yesterdays rally. A few things to consider. The weather is improving. The week into next should show improved harvest. This time next week we could be beyond 50 percent . It is my thought that the market just gave the producer a approx $1.00per bu rally right in harvest with a record carry. In addition …
Harvest Hustle
There’s still over 50% of the corn and bean crops to harvest and store and it does look like Mother Nature will present the opportunity to make a lot of progress as the 6 to 10 day forecast from the National Weather Service is calling for cooler and drier than normal conditions……………………….Winter wheat seeding is close to the 5 year …
Livestock Report – Lean hogs
The December Lean Hogs staged a strong rally on Monday, October 15, 2018, trading up to 57.60 before retracing and settling at 56.75. It back in the middle of the 53.825 – 59.95 trading range. The pork cutout index (79.15) and the lean hog index (68.99) remain firm showing the cash market is holding up well and with the December …
AG TIME – Rallies Equal Opportunity
The hits just keep on coming. The markets put on a big up day. There are many reasons I could site. The weather has been a bit of a concern. This now has moderated and is looking for vast improvement. The harvest should play catch up over the next seven to ten days. It is a normal year when the …
Oats as an Indicator
The National Weather Service in its 6 to 10 and 8 to 14 day forecasts suggest that the Heartland will be a little drier than normal which is good news for harvest activity to resume and allow producers to catch up after delays caused by rains and snows the past two weeks…………………………………………Trade talk is that the USDA might place corn …
High Volatility, High Risk, High Opportunity
ARP HERE Small stock market crash, LONG AND WRONG For now anyway. Could this be a top. Going forward I have levels,but only trading levels. No long term cowboy predictions. In my opinion short covering rallies will be vicious. Do not discard this warning However this is where we can take advantage of the volatility. I could turn bullish stocks …