Grain Spreads: Simplicity

Sean Lusk General Commentary Leave a Comment

I’m going to keep it short and to the point today. A couple very short term bets and long term view on grains with some inexpensive trades that to me make some sense. Corn : Reasons for rally:potential Bullish Seasonal (April-June). 200 K shorts in market according to COT data and recent open interest. Is China buying on trade deal? …

Weather Focus Time

Steve Bruce General Commentary Leave a Comment

                                    There’s still a bad attitude, nervousness, anxiety over the state of world trade. Brexit and how things fall out….The Chinese trade deal on and/or off……….Central banks reacting to what happens to other EU nations depending on the outcome of the Brexit sabotage……….But, in the grain markets it comes down to weather and it appears that the Heartland …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

April Live Cattle took one on the chin today and nearly went down for the count, missing out on a down limit move by .325. It settled at 126.65, just above support 126.625. Once support was breached at 128.10, long positions went into take profits mode and the selloff gained steam pushing price just past the critical support level and …

AG TIME

John Walsh General Commentary Leave a Comment

The talk today was that there is progress in the China / US saga. The progress is essential. But, what will the real scenario be. I am confident there will be positives, however, not all will be bullish once the deal is over. The next rally if it transpires is a rally to sell in beans. The current fundamentals are …

A Long Way to Go

Steve Bruce General Commentary Leave a Comment

                                Winter wheat is starting to break dormancy. There is a lot of growing season ahead of us before we start harvesting in mid Texas in mid May and finish up in Michigan in mid July. How we break dormancy, frosts in early May, too wet or too dry at different times of development will have a drastic impact on …

Bean Vol swap Follow up

Scott Gecas General Commentary Leave a Comment

3/7/19 Going into the report tomorrow volatility is Jacked. Not just the report but several factors. 1st the report 2nd unemployment 3rd and most influential in my opinion is the rumor that China will take tariffs off over the weekend. All factors lead to HIGH volatility. If the RUMOR does materialize over the weekend Monday could see big moves. Options …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

  April Lean Hogs continued to rally on Monday, March 11, 2019. It broke out above the 200 DMA (61.31) and nearby resistance at 61.80 nearly going up limit for the second trading session in a row. It made its high at 63.50, just above the 63.325 resistance level before falling back and settling below resistance at 62.85. Continued excitement could …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

  April Lean Hogs rallied today going up limit at the end of the trading session. It passed the 100 DMA at 60.565 reaching the high at 60.725. It settled at 60.55. Follow through to the upside could see resistance tested at the 200 DMA at 61.375 and then 61.80. If momentum can push [rice above 61.80, a test of the …

AG TIME – Report Day

John Walsh General Commentary Leave a Comment

The USDA report saw little in the way of change. There may be much to take away from this. The soy carry reduced 10 million bu on an increased crush. Let me point out that the exports are left unchanged ? Really ? The Chinese imports were left at 88 mmt. This is 3 mmt higher that the Chinese ag …