I just did a timely voice a half hour ago, corn buy with 3.78.5 sell stop, meal 313.80 stop, both same setup, very low risk if looking to buy these markets funds are getting slapped around in. Powder blue xxx’s are powerful pivots. THIS IS VERY SHORT TERM so this may not apply to yourself. It is an example of …
Livestock Report
Live Cattle The October Live Cattle contract was quiet most of the trading session on Tuesday August 1, 2017, trading in a tight range (112.725 – 11.55) most of the trading session. A late day rally took the October contract past the high, reaching 113.20 at the end of the session. This sets up a potential test of resistance at …
Daily Gold Report
Gold prices rose to a seven-week high on Tuesday to close at 1279.4 basis December futures, after U.S. economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months. Also a measure of U.S. factory activity fell from a near three-year high in July. Today’s U.S. economic …
Bean Crush: September Soybean Complex
September Soybeans Violent C wave price action unfolds in today’s bean market. Prices violate hourly trend-line support in overnight action unraveling through mid range support at +/- 977. Weakness continues as contract declines to the top end of extended downside target zone at 964-956 closing at 964.2. Below 960 market tests major area of support at 957-954. At …
HOGS- OLIVE BUY ALERT
I haven’t looked at hogs because I do not have hog producers but this hit one of the olive colored line buy levels in Oct Hogs. Use appropriate stop loss orders so you stay fresh but this is a buy level decent time frame. Let’s watch this. Producers- This is not a place to hedge hogs This happened since I …
Monday Midday US Grain Weather Report
The Monday afternoon radar shows moderate rains over central and eastern Kansas into north central Oklahoma with additional moderate rain showers over the base of the Texas panhandle and Western Texas. 12z GFS / CMC MODEL COMMENTS 1-5 DAY = There continues to remains significant model uncertainty as to how much rain is going to fall over the ECB in …
Livestock Report
Live Cattle The October Live Cattle contract made a new low for the move on Monday July 31, 2017, making its way down to test support at the 110.80 level, making the low at 111.25. A late day rally took the October contract past the open (112.45), which also was the session high to a new high for the day …
Ag Commentary
The crop condition ratings will be released today. Most are looking for a decline in beans of 1-2 % . Im not sure this will be the case as the temperatures have moderated. In addition rains are falling in the central and eastern belt. The west still has time for improvement in the next three week period if,again if rains …
Early Week Price Action: September Soybean Complex
September Soybeans Beans open lower in Sunday night session posting hard shadow low below 991 support target to 987.4. Prices stabilize and press higher to settle at 999.6 down six and half cents. Any rise from here will test trend-line come-back at +/-1005.2. A hold above rises to cross resistance zone of +/- 1022. This is the line …
Weekly Gold Report
Gold prices rallied to a six week high closing at 1275.3 basis December futures. For the week gold futures rallied $14.00 while September silver gained 24 cents to close at 1669.5. With the rally gold has pushed through and closed above all major moving averages as economic data sunk this week the Dollar while outside markets like energy soared as …