Live Cattle Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The August Live Cattle opened (115.80) lower from Monday’s settlement (116.10) on Tuesday, June 20, 2017 and raced down to the low of the day at 113.65. The low came in just above the 200 DMA (113.25) support level and buyers came in at this level and took price higher. By the end of the session Live Cattle …

Overseas Grain Weather Report

walshtradingWeather

 For the complete Overseas Grain Weather Report, CLICK HERE  For those interested in grains, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. If you cannot attend live, a recording will be sent to your email upon signup. REGISTER NOW. If you missed last week’s webinar you may VIEW A RECORDING.

Currency comment 6/20

Steve CaldwellGeneral Commentary

Over the last week the U.S. dollar has risen moderately. During the same period foreign currencies have drifted lower. The currency that has traders watching closely is the British pound (the oldest world currency still in use at 1200 years). The main reason for the traders interest is the Brexit negotiations which began this week. Whether we see a soft …

Crude oil continues to slide

John WeyerEnergy, General Commentary

Plentiful Supply   Crude oil took another move down on Tuesday. Crude closed on a seven month low, in anticipation of a limited draw down in supply. The August crude futures contract was down over 2% , flirting with  the $43.00 per barrel level. OPEC’s agreed upon production caps don’t seem to have the market players concerned about supply at …

Soybean Complex: A Look at What’s Next

John LunneyGeneral Commentary

July Soybeans      After rejecting off inner resistance line mentioned in yesterday’s post soybeans continued retreat holding up at 926.0. Was that peak the termination of an intermediate iv wave now giving way to a v wave decline? Structure seems unclear at this point. I believe tomorrow will tell the story. Continued pressure looks to take out last weeks …

Crude Oil: Still Slippery

John LunneyGeneral Commentary

I posted last week with crude trading around 46 that we seemed destine to take out the lows established on April 5th of this year. This optioned stemmed from the believe that were in the midst of an unfolding C wave decline to finish a complex W-X-Y correction. A series of impulsive moves seems to be in place leading me …

Soybean Complex: Early Week Action

John LunneyGeneral Commentary

July Soybeans     In Monday’s session prices managed to rise above weekly candle body high of 942.2 posting a shadow (wick) extreme to 947.4 inner resistance line touched upon in last posting. As suggested, level turns back advance as prices retreat to finish roughly unchanged for the day. For those of you who have followed along with any of …

Ag

John WalshGrains

The markets again traded both sides today. The oil share was the looser as beans and meal were close to unchanged. The weather has been very ideal of late. However for some reason commentaries are all focused on the what ifs. What if it turns hot and dry in july ? Till then it is almost ideal. Let the market rally …

Futures Day Trading Signals (Monday June 19, 2017)

Jim WaltersGeneral Commentary, Grains, Livestock

Futures Day Trading Signals (Tuesday June 20, 2017) Author: Windy City Jim  312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT   BUY SIGNAL Commodity : July Soybeans Previous Closing Price : 937 3/4 …