The complex came under pressure today actually led by soy oil. However all three, the beans, meal and oil felt the selling. The weather in South America looks good for planting and for early production prospects. The argentine crop will need some moisture come December. There remains plenty of time at present. Given the talk of a productive start thoughts …
US Energy 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 16th. REGISTER NOW. If you cannot attend live, a …
US, South America and Australia Grain 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 16th. REGISTER NOW. If you cannot attend live, a …
Beans, Wheat
I wanted to drop a few more market charts along your way. Some you may have no interest but my point is to display how I view price action a little differently than most, almost all other brokers. This olive line shows up everywhere and as I have cautioned some crude-oil option Pro traders that over that thick OLS in …
A Contrarian Thought: CBOE Volatility Index
Above is a weekly CBOE VIX (volatility) price chart. The vertical lines display time cycle studies. The index’s most recent low reading is on the extreme of the last three decades. Option premiums have been steadily depressed. Investor funds of Volatility sensitive ETF are at record levels of 2.3 billion. These instruments are designed to appreciate in a bearish …
Weekly Gold Report
Thoughts of an upside breakout in gold this week with silver in tow where dashed mid morning today. For the week the yellow metal posted slight gains of just $5.00 to finish the week at 1274.2. Silver posted a minimal gain of .04 cents to close at 16.87. While both markets finished the week higher Friday, upward momentum was slashed …
Ag Outlook
The market posted moderate gains today. Typical perhaps for a Friday. The USDA report puts to rest question regarding yield. The next question is the south American crop size. The weather in Brazil is good but has some difficulty. The Argentinian weather looks good. The prospects are in place, now volatility begins. There are a couple major possible moves in …
Riding the Rail: December Live Cattle
December Live Cattle The December Live Cattle market traded in an uninspiring tight range today. Prices dipped to 122.000 in early action posting a modestly new weekly low at the upper end of the targeted support level. During the rest of the session a narrowing price action developed as it rode the rising pitchfork line to finish at …
Ag Outlook
USDA report in the rear view mirror now. There were no surprises, but some important aspects. The yield was as expected, unchanged. Carry drops 5 million to 425. This is important that we stay above 400 million. The next question is will the US export figure remain 2250. The answer is determined by the south American crop. It is my …
Livestock Report
Live Cattle The December Live Cattle contract broke down below the 124.70 support level on Wednesday, November 8, 2017. It traded down to the session low of 122.15, which is just below the 123.125 support level and the rising 13 DMA (122.85). It was able to bounce from here (late session rally) and it ended in between the 123.125 support …