Farmers and Traders, This one is live now. Boy how things change fast from yesterday to today. We are down from 4.15 in two days but this presents a nice extreme from which has paid pretty well lately. The olive is the genesis of trading which is why it is so hard. Is this the corn drought play? All bets …
Hogs short, Feeders hit targets
What does your system do when it is wrong? Here I have the tiny feeder cattle contract but it is the same method pretty much. If I get an area that is an olive sell denoted here and it is taken out to upside, what do you do or what does it mean you ask? I call that an OLS …
Corn-clean bin out $4.15
Good Morning, This looks like the 50 cent break, 1017 is where they all seem to swing as a pivot. Bean lower on week in Aug, 1001, low. 20 cents air under. 1033 was half way red line. This is late and I didn’t think it mattered or anyone traded but Sept missed, 1038 1/2 an OLS off memory. Bean …
Midday Wednesday US Grain Weather Update
In the written discussion yesterday we talked about how there was going to be a cold front around July 20th running from Manitoba across Minnesota into Michigan and Ohio in the 6-10 D which could press further south. The models yesterday kept this front that far to the North BECAUSE of the shape and position and strength of the DOME …
Livestock Report
Live Cattle The August Live Cattle grinded lower into the fedcattleexchange auction and then took off to the upside as a better than expected auction led to more aggressive cash purchases. The fedcattleexchange auction had 2,665 head for sale with 1,907 sold. The prices ranged from 117.00 to 118.75. The higher than 118 trades seemed to spur the futures higher …
Daily Gold Report
Gold rose on Wednesday after comments from Federal Reserve Chair Janet Yellen curbed speculation that U.S. interest rates would rise more than once this year. In testimony for delivery to Congress, Yellen said the Fed would not need to lift rates all that much further to reach current low estimates of the neutral fed funds rate. That weighed on the dollar and …
Ag Commentary
The wasde report today showed ample amounts of everything. In my opinion. However, the most important aspect to consider will be the weather over the next 3 weeks. The concern for beans is that if a ridge moves over the central US their may be a reduction in the bean yield. A 5-6% reduction could change the domestic balance sheet …
Mid-week Technical Observations: Soybean Complex
September Soybeans Prices get a touch slippy after they fail to hold above 1031.6, yesterday’s hanging-man candle’s body low. This scenario was covered in Tuesday’s posting. Contract trades lower to 1015.4 before recovering to settle at 1025.2. A continued hold below 1031.6 opens the door for some liquidating pressure. A violation of today’s lows will break speed support …
USDA grains down, Meats limit up
Good afternoon, I hope some of you got a chance to market some of last years crop on this corn rally up at 1st of 3 sell level 415 a bu. This is an orange line, olives are above. If the market is going to top like yesterday these will be your levels but that is my opinion. You’ll see …
Tuesday AM US Grain Weather Update
AM RADAR CLICK HERE TO SEE FAST LOADING RADAR Overnight and early Tuesday morning strong storms developed over southern and southeastern Iowa which moved into central and northwest Illinois. There is a second cluster of significant storms and moderate / hvy rains over central Indiana. Additional scattered showers can be found over eastern South Dakota into southeast Manitoba Canada and lighter scattered …