The markets are marking time. The weather is a bit wet. The calendar is a bit early to get to concerned in beans. The fundamentals remain bearish if the planting is completed and a trend yield is achieved. The Global picture is changing a bit. The Chinese meal market is showing signs of sincere weakness. Crush margins are taking a …
Wednesday AM Weather Update
WEDNESDAY MIDDAY RADAR – The morning radar shows heavy rain and storms over western and central TN, west & central KY & the southern half of IND with about 70% coverage. Additional storms can be found over the FL panhandle (where they really need that rain) and moderate rain showers over 30% of eastern WI & north MI as well as …
Livestock Report
Live Cattle The August Live Cattle contract rallied at the open but couldn’t stay above the descending 8 DMA (122.20) on Tuesday, May 23, 2017, trading to the high of the day at 122.65, before breaking down and trading to the low of the day at 120.75. It spent the rest of the day consolidating between 122.50 and 121.00, settling …
Long Term Technical View Soybean Meal / Oil
A complex correction is currently in progress. Structural setup would indicate further losses. Minor underneath support comes in at +/- 302.0. A recovery from this level is plausible. Subset wave pattern could produce gains which reach for 333.0 level. It should be clearly stated that an unraveling could be in the cards. First major target rest at +/- 270.0. If W-Y-Z breakdown would to extend …
Ag Commentary
The soy complex along with the products broke a bit today. The market is hesitant to be aggressive inter day with sales. This is due to the month and the net short position. The fundamental picture remains bearish with plenty of supply. Without a weather problem this will catch up with the price. We are currently priced high from a …
Cattle, Hogs Action vs, NASD today pattern Bond sell #’s
I’m just posting charts with names of markets. I cover for clients, and then some just for the sake of solving trading secrets and maybe make you, and me some money. I hope you like the research. Dow Jones futures- Many of the components of the dow futures index have hit major upside targets hit a while back in Feb, …
Tuesday AM Weather Update
TUESDAY MIDDAY RADAR – The Tuesday AM radar shows heavy rains / storms over far se MS, all of central & south AL, most of GA, western SC, much of central north NC and VA. There was a band of moderate rain over central MO into central ILL… and scattered showers over 30-40% of north WI, south MN, se KS into …
Monday Afternoon Weather Update
MONDAY AFTERNOON RADAR – The Monday afternoon radar shows heavy showers and storms over far southeastern Texas, all Louisiana into western Mississippi. There is additional moderate rain showers and a few weak storms over central and northeastern Kansas… into northwestern Missouri and far west central Illinois. An area of moderate rain and showers can be found over eastern Wyoming, western & central …
Livestock Report
Live Cattle The August Live Cattle contract rallied on Monday, May 22, 2017, trading to the high of the day at 123.15, this just below resistance at the 21 DMA (123.575) and the 38.2% resistance level (123.99) of the downmove from the May 4th high (134.55) to the May 18th low (117.475). It fell back from here and ended the …
Daily Gold Report
Gold futures grinded higher throughout the session as geo-political issues regarding the Trump administration and North Korea again have investors re-emerging on the long side of the market. June Gold futures pushed above the 1260 level to settle at 1261.40, up $7.80 for the session. July silver futures saw huge gains gaining just shy of .40 cents to settle above 17.00 …