Thursday AM Grain Weather Update

Sean LuskWeather

MID MORNING RADAR — LINK TO FAST EAST LOADING RADAR Thursday morning radar shows not a lot of activity. 95% Midwest is completely dry & 90% of the Plains. There is some widely scattered showers over northeast IA into southwestern & central WI in a thin band & a 2ND area of light to moderate showers over sw KS which …

Long on events , short on reactions

John WeyerCurrencies, General Commentary, Stocks

Lots on the agenda If you looked on  the calendar today, you might have seen the following schedule; ECB Decsion, UK Vote, Comey Testimony. All had the potential to send the markets on a run, in either direction. At the end of the day the markets didn’t look too much different than any other session. ECB Holds Steady The European …

Soybean Complex: Assessing The Structure

John LunneyGeneral Commentary

Another sloppy session develops in the July soybeans. A typical description of a corrective counter trend move. The market should be setting up for another impulsive wave lower. This upcoming wave should commence with a minor 5 wave move. This should be closely monitored. As of now it appears unclear. If contract weakens and holds below 926.6 I would consider this the commencement of …

Livestock Report

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The August Live Cattle made an early attempt to rally and recover some of Tuesday’s late day losses on Wednesday, June 7, 2017. It made its high for the day at 124.925 right around the time the fedcattleexchange auction was to take place. The auction was postponed however, to Thursday as technical glitches with their website occurred. They …

Daily Gold Report

Sean LuskGeneral Commentary

Gold and Silver futures took a respite from their post unemployment rally as equities again held their ground while the U.S. Dollar finished slightly higher. A big drop in crude oil and gasoline prices potentially spilled into the precious metals sector as there was a reluctance by buyers to push front month gold futures above 1300.0 and ounce and deferred contracts in silver …

Soybean Complex: A Close Up Technical view

John LunneyGeneral Commentary

 Soybeans      July soybeans come out of a minor iv wave triangle to complete what appears to be a completion of a non-impulsive a-b-c  subset iv wave rebound off previous mentioned cross support zone at 910-900. A failure to press above todays highs should give way to another impulsive wave lower to complete a subset 5 wave decline stemming from the highs …

Ag Commentary

John WalshGrains

The Soy Complex was pulled up early be the strength in feed grains. The settlement indicates an uncertainty in the market. The weather looks pretty good in many areas. Concerns over dryness in the Dakotas has the market wondering what could force the funds from their positions. Combined the beans,meal and oil is a large short position. The market will …

Grains up, Meats, Coffee beware

Alan PalmerGrains, Livestock, Precious Metals

Several markets live today and this past week. Soybeans after very near miss of 9.07 buy support we hit 932 resist of last few bull markets hidden trendline.  If you bought break new low stop under 9.05 is my take.  Meal and bean oil have both hit support by ticks.  This very well could be the momentum driven oilshare which …