All is Well………..Stay Tuned

Steve Bruce General Commentary Leave a Comment

                                Is there a reason to start to panic over supply of beans? corn? or wheat? The answer to corn and beans could be no despite the recent episode of hot and dry weather and slipping yield potential in Brazil………………Wheat might be a little different as the US might be the cheapest and most reliable supplier  of decent quality for …

Impending South American Bushels

Steve Bruce General Commentary Leave a Comment

                                You have to feed a bull every day and we just didn’t do it today! Despite the weather being “not perfect” in South America we’re still another day closer to a huge crop hitting the market…….On top of that we’ve a lot of beans and corn to move out of temporary storage in the next 6 to 8 weeks…………..Spreads …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Cattle markets consolidated within their Tuesday trading ranges today as the markets digested the rally. February Live Cattle has resistance at 125.80 and then 126.625.  An inability to rally could see consolidation continue in the February contract. A March Feeder Cattle rally past the Tuesday high could see strong resistance at 147.30, the previous high (147.575) and the 200 DMA …

AG TIME

John Walsh General Commentary Leave a Comment

The Soy has rallied sharply. I have been traveling and was not posting. The weather concerns in SA have been a support. This to me seems overplayed. The crop in Brazil is coming down. However, the carry globally remains a record. It will be difficult to harm that. Given the farm payment from the government the price is over $10 …

Searching for Fresh News

Steve Bruce General Commentary Leave a Comment

                                Bulls need some incentive for end users to panic and bears need some better weather to ease anxiety and it appears that we’re in limbo waiting for South American harvest and field preparation in the northern hemisphere……………………..less filling/tastes great!                                 Seven weeks until we start getting serious about March future deliveries or the lack thereof and until the gut …

Grain Spreads: On the Defensive, New Crop Bean Hedges

Sean Lusk General Commentary Leave a Comment

Old crop/new crop soybean, soymeal, and corn spreads were weak all session today and despite the recent rally in outright beans and meal, the spreads have not been bid up. Whether today was merely turnaround Tuesday, or the start of some fund rebalancing, old crop/new crop spreads remain on the defensive. Recent weather events citing a stronger El-Nino pattern in …

Skinnier Uncle Sam

Steve Bruce General Commentary Leave a Comment

                                We’re another day closer to a new trade agreement with China yet, no one can say when the final provisions are worked out and the papers get signed………………..Optimists are  hopeful that something may be reached before the World Economic Forum in Davos, Switzerland on January 22 to 25………………… Optimists are also hopeful that a border barrier resolution is reached …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

February Live Cattle opened weak today piercing support at 121.90 and making the session low at 121.425. It recovered and rallied past the Friday high (123.30), making the high at 123.40 and settled at 123.20. It formed an outside day candle and a rally above 123.40 could see a retest of resistance at 124.30. A failure from the high could …

Bullish Oil Option Strategy

Peter Ori General Commentary Leave a Comment

I see continued strength in Crude Oil after rallying from under 43.00 a barrel from over sold conditions (42.67 – 12/24/19). March crude futures settled near 48.90, up another 60 cents for today’s session. I think they can potentially rally to 55.00 a barrel as imports fell from 7.6 million to 7.3 million barrels per day last week.  The charts …

Other Information Sources

Steve Bruce General Commentary Leave a Comment

                                 We are surviving without the USDA!………….Other governments and private sector entities have been releasing their calculations and projections of supply/demand, production and acreage and there are those who believe that a compilation of their figures do just as well as that of the USDA……………………What the USDA has a monopoly on is grain stocks yet, we can ascertain whether we …