Live Cattle The February Live Cattle contract once again held the 124.75 support level Tuesday morning as another attempt to break lower failed. The February contract held the Friday and Monday low (124.35) during the morning selloff, trading to the low of the day at 124.65. It rallied from here as it once again overtook the 125.50 resistance level and …
Macro Ag
The markets really are fairly void of volatile moves. the days seem to labor through of late. The oil share made a significant gain back today. Yesterday saw the opposite. Looking down the line. The beans will be focused on the weather in South America. It is early from a calendar perspective. There will be much adjustment in coming days …
Markets heat up, across spectrum
Calm before Storm Next 10 days is now time to have alternative strategies and appropriate risk parameters always or you will get carried out and yes, the partner may get involved. US default deal looms? People tell me I’m nuts, risk is as real as it gets, next few weeks. Markets can be subject to violent turns upon recognition of …
US and South America Grain Weather Report from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 30th. REGISTER NOW. If you cannot attend live, a …
US Energy Weather Issues from WxRisk.com
For the complete report, CLICK HERE. For those interested in Grains and Livestock, every Thursday, Sean Lusk, Director Walsh Commercial Hedging Services and Ben DiCostanzo, Senior Livestock Analyst host a FREE Grain & Livestock Outlook webinar. Sean and Ben will hold their next Grain & Livestock Outlook webinar on Thursday, November 30th. REGISTER NOW. If you cannot attend live, a …
Livestock Report
Live Cattle The February Live Cattle contract held the 124.75 support level Monday morning as an early morning attempt to break lower failed. The February contract held the Friday low (124.35), during the first half hour of trading as it matched the low and then proceeded to take out the 125.50 resistance level making a high at 126.275. It ended …
Daily Gold Report
Gold futures rose to start the week in impressive fashion. December gold futures gained over $7.00 to close the session at 1294.4. December silver futures rose as well but only slightly to close at 17.02. While today was option expiration for the December contract for gold and silver, volume was heavy in the spot gold contract at just under 300 …
Notes and Bonds Start the Week Drifting In same Range
A couple of interesting things which may affect trading and pick up some volatility are the Jerome Powell confirmation hearing before the Senate Banking Committee on Tuesday and Janet Yellen’s last appearance before the Joint Economic Committee on Wednesday. On Thursday inflation data will be released around the world beginning in Asia with the Chinese PMI and then European and …
Ag Commentary
The market started higher today. Then sold off quietly throughout the day. The only question that needs to be answered regarding the soy complex is related to South American weather. A timely rain event in Arg, and Brazil and the crops are off to fantastic starts. A bit of dryness and the drought fantasies will come out. This could fuel a …
Follow the Yellow Brick Road: Gold Futures
December Gold Futures While some may have gravitated to the kitchen to bask in the aromas of the upcoming feast or perhaps laid early claim to their spot in front of the TV, I spent the better part of my Holiday morning pouring over gold future price charts. The structural evidence to me suggests that the advance from …