This statement is being sent out because of the midday /12z Operational (“regular” GFS) and GFS ensemble data. The operational GFS model continues to show significant rains over the next five days for much of the ECB area. Over WI, central and northern ILL, IND and OH rainfall amounts are generally 1-3″/ 25-75mm with locally higher amounts and 75% coverage. …
Livestock Report
Live Cattle The August Live Cattle contract opened (113.85) at the 200 DMA (113.975) on Tuesday, July 11, 2017 and dipped down to the session low (113.40) before moving higher for the remainder of the day. The rally took price to 115.425, which is right at moving average resistance. The 8 DMA is at 115.35 and the 13 DMA is …
Daily Gold Report
Gold futures have found a temporary bottom this week so far on two fronts.First the news cycle is awash with political headlines concerning the Trump administration election ties with Russia and secondly ahead of a two day Congressional testimony on the economy from Fed Chair Janet Yellen. Gold’s bounce though has been weak as August futures are only up $5.00 …
Macro Grains, Meats
This is larger Macro big picture swing type trade levels, use stops accordingly. HOW TO READ CHARTS- Look for high or low bars to be on a level exactly. Yes these are that research specific and where computers buy or sell off of. Hogs– possible major top cited 71.44 as OLS olive sell, potent. Below levels 69.00, 66.21**. Hogs up …
Hang’ Em High: Soybean Complex
September Soybeans Let’s consider the possible implications of an apparent daily hanging-man candle in the soybean market. A hanging man is a bearish pattern that forms at the end of an uptrend. It is created when there is a significant sell-off near the market open, but buyers are able to push market back up so that …
Early Week Technicals and Wave Structure: Soybean Complex
September Soybeans No slowing down this market as beans gap up from Friday’s closing levels to 1015 posting a shaven bottom low ( low at open ). Prices press higher during session extending thru .786 retracement level to 1034.4 then easing slightly to finish at 1030. If contract continues rising from here it will most likely target 1046 …
Wheat, Hogs Soy- Events live. 1st time ever’s
mASSIVE sUMMER DROUGHT PLAYING OUT NOW HOGS- LIVE SALE POSTED last week in Oct. Beans- hit $9.07 and now in parabolic up move as happened across board last 18 months after these conditions post. Look at how the volume at this olive line, not only might be the biggest ever, but also after a diamond on top. 100,000 wheat biggest in ??? Pretty …
Weekly Gold Report
Gold futures were under assault again this week as August futures lost $32.60 for the week while the front month September silver contraxct lost a whopping $1.20 as heavy selling dominated in this holiday shortened week. Since reaching a yearly high up at 1297.7, gold has lost six percent in the last month while at the same time falling for …
End of Week Wave Analysis: Soybean Complex
September Soybeans Last day of the holiday week saw beans opening steady before pressing higher to first target price at 1003. Contract refuses to back off and rallies into the close to finish at 1006.2 just off highs posted at 1008.6. Sizable week range of over 50 cents expands average ATR readings of 29 and finishes in belt-hold …
Soybean Complex: Focus on Wave Structure
September Soybeans September soybeans inched higher today to post new recent highs of 992.2 easing slightly to finish at 990.6. Looking at the wave formation from the lows established at just below 905 it appears that the first three series of a five wave structure could be in place. There is seldom any glory in attempting to pick …