Live Cattle On Wednesday, April 18, 2018, the June Live Cattle contract consolidated between support at 104.85 and resistance at106.025, with the range at 104.95 low to 105.975 high. Trade was also within the prior 2 trading days ranges, forming an inside candlestick and also a narrow range day. It had the smallest range of the prior 7 sessions. This …
Ag Time
The Beans and Meal were under pressure. There is a ample amount of product available. There are a couple interesting trends that may be worth consideration. The Chinese Hog sector appears to have reached a saturation point. It appears they are in the process of halting expansion. Is it the concern over bean imports,perhaps, or perhaps we have come so …
Livestock Report
Live Cattle On Tuesday, April 17, 2018, the June Live Cattle contract opened (104.25) at the session low and raced to the high (106.175) of the day. This is higher than Monday’s high (105.95) and in a near repeat of yesterday’s trade broke down towards the low. It stopped just short of the low and then recovered, settling at 104.90. …
AG Review
The Meal and Beans up yet again. At present the Brazilian is Cheaper for export meal and beans. The price difference between beans has narrowed to the point that Brazil will gain market share. This will not bode well for US exports. safras today estimated the Brazilian bean crop at 119.2 mmt This is 4 mmt larger than the USDA …
US Grain Weather Summary from WxRisk.com
We are pleased to provide you with the complete US Grain Weather Summary from WxRisk.com CLICK HERE for Part 1 CLICK HERE for Part 2 For those interested in grains, we will hold our weekly Grain & Livestock Outlook webinar on Thursday, April 19th at 3PM CST. REGISTER NOW. If you cannot attend live, a recording link will be sent …
The Bermuda Triangle (Diagonal): June E-mini S & P Futures
June S&P Futures The Bermuda Triangle is a loosely-defined region in the western part of the North Atlantic Ocean where a number of aircraft and ships are said to have disappeared under mysterious circumstances.The Bermuda Diagonal is the name I have given this equally mysterious chart pattern that I am observing in the June S&P futures contract that in …
Grain Spreads
Soy Complex We have started to see a little deterioration in soy meal which has spilled into the bean complex. May meal broke some minor support at 380.0 and looks like it could pullback down to the 369-370 level. This weekends crazy weather in the upper plains and northern great lakes is the first of three systems that bring cold …
Livestock Report
Live Cattle On Monday, April 16, 2018, the June Live Cattle contract opened strong as it gap opened higher and rallied to the session high at 105.95. It stopped just short of resistance at 106.025. It consolidated and then broke down hard, closing the gap (Friday high 104.375 – Monday open 104.825), on its way to the low at 103.925. …
Ag Potential large shifts on the Horizon
SOY – The Beans and meal under pressure today. This could be the start of a new trend. The beans have alot to deal with at these levels in my opinion. The Demand is questionable and behind. The Carry is large at 550 million bu. Weather the Carry is 525 or 575 is immaterial. There are alot of beans, despite …
Texas Two Step: June Live Cattle
June Live Cattle The Texas two-step is a partner dance, consisting of a leader and a follower. This infectious little jig comes to mind as I observe the structural sequence that has played out in the June Live Cattle market. The leader in this case was the quick and robust surge off the previously identified save level (April) …