Hogs hold support, Cattle markets consolidate near lows
Cold front to bring much needed moisture
Bulls have solid chart advantage as price uptrend is firmly in place. No early clues of market top being close at hand.
Bulls have solid overall chart advantage amid accelerating price uptrend. No chart clues that market top close at hand.
We start off the day with Market Composite PMI Flash (OCT), Market Manufacturing PMI Flash (OCT), and Market Services PMI Flash (OCT) at 8:45 A.M., [...]
Row crops lead charge higher for the week, wheat shows signs of rally fatigue. Cattle and hogs digest end-of-week Cold Storage data, upcoming COF report
Time For Some Backing And Filling
I specifically suggested to....
Financials: As of this writing (6:00am) December Bonds are 7higher at 173’10 down 2’22 for the week, 10 Yr. Notes unchanged at138’18 down 26 for [...]
We start off the day with Export Sales, Initial Jobless Claims (17/OCT), Jobless Claims 4-Week Average (17/OCT), and Continuing Jobless Claims (10/OCT) at 7:30 A.M., [...]
Grains consolidate overnight, dollar firms. Cattle and hog calls 'mixed' ahead of Friday's COF and today's Weekly Export Sales data
The uptrend may be expected to continue, while market is trading above support level 1063, which will be followed by reaching resistance level 1081
Corn is adequate on the balance sheet but cash, basis, futures and spreads all say stocks are tight. We think corn has more upside this year.
Meal Is The Deal
Consolidation in the livestock markets
The grains are still making moves, lets see where some action needs to be taken and how high we can still go.
We start off the day with MBA Mortgage Applications (16/OCT) and MBA 30-Year Mortgage Rate (16/OCT) at 6:00 A.M., Fed Brainard Speech at 7:50 A.M., [...]
grains push higher overnight, dollar slips; Cattle calls are steady to higher; Hogs weaker