A Whiff of Weakness?
Wednesday, October 14th, 2009 Posted in Uncategorized | No Comments »The grain and oilseed markets today continued their upward march, that is until they didn't. Five of the most recent six trading days have seen higher intraday moves compared to the previous day with respect to SX9. Sx9 has rallied ...
Quarterly Hogs & Pigs Estimates
Thursday, September 24th, 2009 Posted in Uncategorized | No Comments »One of the factors contributing to the weakness in beef has been the perception of formidable competition from declining prices in competing proteins. If we narrow the competition down to chicken, turkey, & pork, what we really find is turkey ...
Back From Blog Holiday (& Summer Hiatus)
Wednesday, September 9th, 2009 Posted in Uncategorized | No Comments »Hello again, All: August tends to be a lethargic month when it comes to trading. Once Labor Day is behind us, we typically see a renewed focus on all things trading. This is why I took a hiatus in August from ...
New Lows in Wheat
Wednesday, July 29th, 2009 Posted in Uncategorized | No Comments »Indicative of lethargic demand and a lack of significant trouble for the Northern Hemisphere wheat crop development/harvest, Chicago and KC wheat futures broke into fresh new swing lows today. For the WU9, this marks an approximate 28% decrease in the price of ...
What Weather Scare?
Tuesday, July 21st, 2009 Posted in Uncategorized | No Comments »Kind of hard to believe, but can we have a summer without a summer rally for grains/oilseeds? As I write this, CZ9 is breaking into new low territory for this entire bear market. All the wheat markets are stubbornly stuck ...
Soybean Rally Failure
Wednesday, July 15th, 2009 Posted in Uncategorized | No Comments »Early on in the trading session all the ducks were in a row for a Grain/Oilseed rally. The $US is under sharp pressure, energy prices are higher, commodity indices are rallying, & equities are markedly higher. So what happened to ...
Mid Month Updates
Tuesday, July 14th, 2009 Posted in Uncategorized | No Comments »Today is the last trading day for the July grain and oilseed futures contracts. They have provided us with a lot of action -- almost too much at times, and it will be bittersweet to see them go. July '09 ...
Old Crop Soybeans Independence
Wednesday, July 1st, 2009 Posted in Uncategorized | No Comments »Having fully discounted the USDA acreage report yesterday, corn market tumbled and pressure was mounted in the wheat futures contracts across the country. Interestingly, within the last 25 minutes of trading, wheat had every chance to plummet toward the day's lows, ...
Hogs & Pigs Report Tomorrow
Thursday, June 25th, 2009 Posted in Uncategorized | No Comments »At 2pm Chicago time the USDA will publish it's Quarterly Hogs and Pigs Report. Here are the estimates, compliments of the most excellent source of information which is Informa: Note that the numbers published tomorrow by the USDA were based on ...
Hog Spread – What a Difference a Day Makes
Wednesday, June 24th, 2009 Posted in Uncategorized | No Comments »The backspread in the Lean Hog futures that had been causing some pain snapped back in a hurry today. Take a look: Now that this reco has benefitted from this reprieve, we'll turn our attention back to the original suggested profit targets ...