WEDNESDAY AM RADAR – FAST EAST LOADING RADAR The Wednesday morning radar is completely clear of any sort of precipitation over any portion of the Plains …the Midwest …and the Delta regions. In fact the only significant precipitation is some moderate steady rain over the western third of Washington State. TUESDAY MAX TEMPS Temperatures were quite uniform across most areas in the …
Livestock Report
Live Cattle The December Live Cattle contract broke down on Tuesday, October 17, 2017 as analysts’ estimates for the upcoming Cattle on Feed report were revealed. Analysts are predicting another bearish report on Friday afternoon. Price tested the 8 DMA (117.425), reaching a high of 117.475 early on in the session, before breaking down mid-session and trading to the session …
Medium or Rare? : December Live Cattle
December Live Cattle How would you like your steak sir? That describes the current state of the December Live Cattle market as the key technical level of 116.325 was violated in today’s session. This piercing of the 1st wave high is what I have been leaning on to assess the future price path of the cattle futures. This …
Full US and South American Grain Weather Issues Report from WxRisk.com
For the complete US and South American Grain Weather Issues Report, CLICK HERE. For those interested in Grains, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook webinar. Sean will hold his next Grain Outlook webinar on Thursday, October 19th. REGISTER NOW. If you cannot attend live, a recording will be sent to your inbox …
Livestock Report
Live Cattle The December Live Cattle contract consolidated on Monday, October 16, 2017. It formed a doji candlestick while testing support at the 116.55 level, making the low at 116.525. It made the high at 117.525, just above the 8 DMA (117.40). It ended the session in between at 117.10. A breakdown below 116.55 could lead to a test of …
Daily Gold Report
Gold and silver futures are retreating in aftermarket trading on Monday after posting three week highs at the end of last week. Geo-political tensions were cited as one of the reasons for both silver an gold to trade up and through their 50 , 100, and 200 day moving averages on Friday October 13th. Gold settled on Friday at 1304.6, …
Rejón de Muerte ?: December Live Cattle
December Live Cattle Rejon de Muerto translates into the ” lance of death” and refers to the sword used by the Matador to kill the bull. This swift and violent act has not yet transpired in the live cattle market but the blade has been drawn as the market approaches the wave high of 116.325. Once again the …
Ag Commentary
The markets rallied again today based on concerns over dryness in central and northern Brazil. The forecast has some chance for improvement. This however remains to be seen. So we have built in some risk premium early. justifiable ? Remains to be seen . Looking forward the US carryover at 430 million bu is probably understated by 70 – 90 …
Livestock Report
Live Cattle The December Live Cattle contract failed again at the 119.15 resistance level on Thursday, October 12, 2017. It made a weak attempt at mid-session to test this level, making the day’s high at 119.00. It broke down from here and traded down to support at the 8 DMA (116.875) and 116.55, making the low in between these levels …
Ag Commentary
The Usda report today was eagerly awaited. There were a couple of surprises. The govt decided to reassess last years stocks, which was already known. And the Brazilian crop. The domestic and global carryover in beans was reduced. Interesting the rally. Now, looking forward some thoughts to consider. The carryovers while reduced, are still some of the largest registered in …