August Live Cattle I believe there are signs of a turn around in the cattle market. I am currently analyzing the nearest monthly contract and see today’s action pointing to a possible base being set for an impulsive (C) wave advance. Futures might be a bit of a risky play at this location so I’d be recommending the …
Daily Gold Report
Gold rose on Monday as tensions over North Korea fueled safe-haven demand, while doubts about U.S. President Donald Trump’s ability to enact pro-business policies pushed U.S. bond yields to near two-month lows and weakened the dollar. December gold futures closed at 1296.7 ,up $5.10 for the session while silver pushed slightly higher to close at 1709.5 up 1.5 cents for …
Ag Commentary
The soybeans and meal finished moderately lower today. The oil share gained. The USDA crop condition report showed a 1 % up tick in the good to excellent category today at 60%. Given the recent rains a further increase in conditions is possible to finish out the growing season as we exit august. There is still growing to be done …
Channeling: September Soybeans
September Soybeans Hard to make much out of today’s price action as the market holds in a 6 cent range in one of the tightest sessions we have seen in awhile. Closing at 932.4 puts the contract right on channel line support. A crack beneath 931 will look to slide. Target support zone comes in at +/- 921. …
Bull Fight: August Live Cattle
August Live Cattle The August cattle market traded slightly lower in today’s session closing just off lower extreme of 105.600 at 106. We appear to be at a level on contention as several indicators are converging right around 106.400. We have closed below support for the first time and the bulls will have to get something going in …
US and Overseas Grain Weather Issues as of Friday 18 August 2017
For the complete report, CLICK HERE. Yesterday, Walsh Trading held a FREE Grain & Livestock Outlook webinar hosted by Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst. If you missed it, you may VIEW
End Of the Week Round-Up: August Live Cattle
August Live Cattle Yesterday I posted about a potentially bullish setup developing. I would have to say, as touched upon previously, that the needed confirmation is not yet in place. I’d have to see a close above the 109.00 level to attain a clearer risk control level. If the contract can’t hold above +/-106 then it will vulnerable …
Weekly Gold Report
Gold jumped to its highest in more than nine months on Friday, as the dollar retreated on political uncertainty in the United States along with a suspected Islamist attack in Spain that boosted bullion’s safe-haven appeal. However, an intraday reversal sent precious metals futures prices spiraling lower as equities recovered later in the session.This left December gold finishing down $2.40 …
Swamp cries Foul, NASD SP’s plummet 5805 dogfight live, Grains hold.
Good Morning, Well we have seen a long overdue tremor in stocks as per last weeks’ and early this weeks warning about volatility (downward vertical prices) would increase dramatically. I think this is playing out now and I hope you got a chance to hedge your stock portfolio’s. nasd must make stand 5805. Let’s sell this higher but where? Will …
Thursday US Grain Weather Update
THURSDAY AM RADAR — FAST EAST LOADING RADAR During the overnight hours heavy storms and significant rain fell over much of western, central and northeastern Minnesota …northern Wisconsin …the upper peninsula Michigan. There is a second band of moderate rain storms over southwest Illinois …southeastern Missouri …northwest Arkansas and southeastern Oklahoma. During the morning hours this activity fell apart and right …