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 9th. REGISTER NOW. If you cannot attend live, a …
US and South America Grain Weather Issues as of November 3rd 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 9th. REGISTER NOW. If you cannot attend live, a …
Weekly Gold Report
Gold and silver reversed course to end the week and the reasons why were elementary in my view. Stock indices were trading at all time highs across the board while the Dollar index futures contract looks like it could potentially be headed for a breakout to the upside. Both markets usually run inverse of gold and silver and the unrelenting …
Holy Cow: December Live Cattle
December Live Cattle The December Live Cattle market finished the session strongly as it rose to settle just off the weeks highs at 127.300. The 126.500-127.500 level was targeted in earlier reports. Longer term speed line resistance and the Fibonacci extension level convergence zone comes in overhead at 131-133. I had suspected a measurable subset correction was due …
Jobs data underwhelms
Many market observers and economists had high hopes for this month’s Non-farm payroll, guesstimating a number north of 300,000. Consensus range for the number was coming in at 325,000, the thought being a big jump from the previous -33,00 (revised this month to 18,000) would occur in a post hurricane, back to the norm month. In a rare occurrence my …
Ag Outlook
The market broke today after a bit of strength through the week. The USDA report next Thursday will be the next driving force. The private estimates this week continue to confirm a reasonable yield expectation. There really should be nomajor surprises. I believe the bulls have a hard road in the beans. The dollar strength of late. The currency moves …
Major Mkts- Conditions, Olive set, let’s go.
Dec Cattle- this am we had an OLS play right up at limit. If you were a pit trader and came in flat this would have been a sell at limit early and put in a buy stop back at limit up. This is a spec algo trade and we could break hard today like yesterday. Someone blew out big …
Ag Outlook
The markets continue to advance on a tech look at the market. In my opinion the soy complex has separated itself from the cash fundamentals. The USDA report is in front of us. The private estimates (Informa, and Stone) released over the last two days have confirmed the recent production numbers. The USDA has no real incentive to make any major changes …
South America and Australia Grain Weather Update 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 2nd. REGISTER NOW. If you cannot attend live, a …
Livestock Report
Live Cattle The December Live Cattle contract rallied on Wednesday, November 1, 2017. It rallied past resistance at 125.55, trading up just shy of the 127.15 resistance level, making the high at 126.875. It ended the session at 126.675. There is pretty good resistance from 127.15 to 128.30. Price could stall in this area and come back and test support …