I was walking to the train this am and my brain was thinking first frost. It is just the way a real trader brain works in my opinion. I am always early which can be detrimental because a trader has to guard but an asset to a customer. BEANS CORN AND BEAN WHEAT are both at even money which can …
Ag Commentary
The market overall was weaker. The weather has moderated and some timely rains have helped to show improvement for the beans. Next week condition ratings may very well show more improvement. The big question now will be the western belt and weather or not rains are received. The oil share has gained of late. Currently at approx. 35%. These trends may continue …
Livestock Report
Live Cattle The October Live Cattle contract opened (114.95) strong and tested resistance at the 200 DMA (115.175) on Thursday August 3, 2017, trading up to the high (115.60) of the day early in the trading session. The rally couldn’t be sustained and price grinded lower and made the low (114.425) of the day at mid-session. A resurgence in effort …
Corrective Wave Decline: October Crude Oil
October Crude Oil It appears that we have established a series of impulsive advancements stemming from the lows at roughly 42.50. Currently an a-b-c corrective decline seems to be in motion. A slip to 48.50-48.30 should set projected (c) wave extreme. If this interpretation is accurate the (c) wave low should not overlap the wave (i) price …
Critical Level: Focus September Soybeans
September Soybeans The bean market dipped below support level of 956-954 to post low of 949 before rebounding to finish at 954. Projections for the decline seen after the the high established at 1037.4 have been achieved and slightly overshot. We now rest at the critical level I discussed in yesterday’s post. It’s pretty dicey here with …
Thursday AM US Grain Weather Report
THURSDAY AM RADAR – FAST EAST LOADING RADAR Thursday morning radar shows heavy showers and thunderstorms covering much of central and eastern Minnesota and northwest Wisconsin and north central Iowa. The rest of the Plains, the Midwest and the Delta regions are dry. WEDNESDAY MAX TEMPS Temperatures remain seasonal for early August over most of the Plains and the …
Soybeans-Lack of heat, except if long, Wheat Live
Perfect growing weather from someone in the pit that was labeled a perma bull in beans. Midwest is unreal really, with cool August temps. except for all the ‘lollapalooza’ kids heading to Lake Michigan. I try to produce conditional indicators that funds use explicitly, especially when violated. This enables me to help you identify low risk high reward trades. …
Ag Commentary
A bounce today in the markets after yesterdays weakness. The market will mark time to see the USDA numbers on the 10th. The yield is still up in the air for beans as the central and eastern belt are receiving adequate rains while the west is still in question. The next 3 weeks will be key to production. If the …
Putting Up A Fight: September Soybean Complex
September Soybeans Tight range in the bean market today as the contract tries to stabilize at upper end of projected support zone. Any rally will have to contend with +/- 981 resistance level. Holding above 983 will look good. We must analyze the structure of any advance for impulsive qualities. If they exits I’d consider the recent low …
Wednesday AM US Grain Weather Report
WEDENESDAY AM RADAR – FAST EAST LOADING RADAR The Wednesday morning radar shows moderate to heavy storms have developed over much of western and central ND and have pushed into the far southeast portions of Saskatchewan and southern Manitoba. The additional widely scattered showers are over 20% of western SD and 30% of western NEB. A second area of showers …