Being that 1401.00 is a 78.6% retracement it can also be the end of the rally for now and the longer term target is 61.8% of the 5/31/23 low and 7/24/23 high at 1247.00. All of this is based on it staying...
Grain futures prices were under pressure following Friday's Quarterly Stocks report from the USDA.
October and Dec hogs closed down by their $3.75 limit on Friday after the bearish Hogs & Pigs report, and will see $5.50 trading limits on Monday. The other front months also closed triple digits lower...
Cattle ended the last trade day of the week with another triple digit pullback. December’s $2.50 loss on Friday left the contract $3.42 lower for the week but still $3.12 higher for the month after new...
In my opinion, the shifts felt last week have begun to produce negative market price fluctuation. Equities have been pummeled along with multiple commodities. This week's sharply higher interest rate...
Agricultural Prices - 2023-09-29
Friday’s trade out of the quarterly report has futures giving back the entirety of Thursday’s recovery, and futures are back to new lows for the week’s move. Dec is at a net 40c loss so far Fri/Fri....
Live cattle futures were back up by 0.8% to 1.2% on Thursday. The Dec contract was up $2.25 for the day, limiting the week’s pullback to 92 cents. Preliminary open interest data shows short covering...
