October Cattle: Live and Feeder Weekly
Heading into Friday's session, Live Cattle and Feeder Cattle contracts are in position to complete bullish reversal patterns on their respective weekly charts. After closing last week near weekly lows, [...]
Heading into Friday's session, Live Cattle and Feeder Cattle contracts are in position to complete bullish reversal patterns on their respective weekly charts. After closing last week near weekly lows, [...]
As mentioned in Wednesday's Afternoon Commentary, November soybeans completed a bearish spike reversal on its short-term daily chart. What does this mean for Thursday's session? Probably nothing. After all, algorithms [...]
As mentioned in Friday's look at Corn's Commitments of Traders report (see Report Commentary and Quick Takes), the Dec26 daily close-only chart shows a potential double top formation. Dec26 closed [...]
Midday Update (11:50): Dec26 fell back to a low of $5.1150, up only 3.0 cents for the day before rallying back to $5.2275 Sell orders placed at $5.2250 (midpoint between [...]
As mentioned in Thursday's Afternoon Commentary, I have been keeping an eye on the December corn continuous monthly chart as August nears its end. Within the first couple hours of [...]
In Wednesday's Chart of the Day I mentioned how the September feeder cattle futures contract was in a minor (short-term) 3-wave downtrend. The minor selloff looking to be a Wave [...]
Recall from last weekend's Feeder Cattle Weekly Analysis: Trend Analysis The September futures contract extended its secondary (intermediate-term) uptrend to a high of $349.85 before closing Friday at $345.225, up [...]
I want to highlight the Nov26 soybean daily close-only chart this afternoon as it is possibly giving algorithms mixed technical statistics. On the Bearish side: Nov26 closed today at $11.6875, [...]
Do I think classic technical patterns matter in this day and age of algorithm-driven trade? No. But let's pretend for a moment it's 40 years ago, and technical analysts still [...]
As mentioned in Monday's Morning Commentary, Watson will be keeping an eye on the December Corn futures contract. A look at the issue's daily chart shows Dec26 has not closed [...]
As mentioned in Friday's Morning Commentary, there looks to be a dramatic Rubber Band Disposition building in the feeder cattle futures market. First, what is a Rubber Band Disposition? A [...]
As mentioned in Wednesday's Afternoon Commentary, corn futures spreads are getting more interesting: The September-December closed at a carry of 22.5 cents a new lifetime low daily close and covered [...]
For as long as I can remember, the argument talking heads in ag media rely on when asked why feeder cattle moved up or down that day has been to [...]
I want to discuss what I mentioned in Wednesday's Afternoon Commentary in more detail. Again, for those of you who may just be tuning in, the September-December corn futures spread [...]
As I mentioned in Thursday's Morning Commentary, both the SRW and HRW September contracts are in position to complete bullish spike reversals on their respective weekly charts. The SRW issue [...]
The daily chart for the November-January soybean futures spread is worth keeping an eye on. Wednesday saw the spread close at a carry of 14.0 cents, one tick below its [...]
Is the downtrend in the August-October live cattle futures spread warning us consumer demand for high priced beef in the US is waning? Or is something else going on? From [...]
According to John Kemp, formerly of Reuters now head of JKempEnergy.com, "Hedge funds and other money managers sold the equivalent of 95 million barrels of ICE Brent futures and options [...]
At 14:00 (ET today, Wednesday, June 17, new US Fed Chairman Warsh, aka Howdy Doody (see Morning Commentary) is expected to announce no change to the Fed fund futures rate. [...]
It has been an interesting Friday morning, with noon (ET) still m0re than an hour away as of this writing. The day began with the usually entertaining but seldom enlightening [...]
A friend asked if I would take a look at August feeder cattle from a short-term technical point of view. My Blink reaction is the minor (short-term) downtrend the contract [...]
It has been an interestingly long holiday-shortened week for the Dec26 futures contract. Friday morning has seen Dec26 fall as much as 6.0 cents, taking out Thursday's low of $4.7650 [...]
If you are following along with Weekly Analysis, there is a chance you sold Dec corn $5.00 calls at Tuesday's open. From this past weekend's Corn Analysis: Based on seasonal, [...]
I don't know if it means anything - and I mean that - but Tuesday's selloff by July corn brought the contract within sight of its 200-day moving average. July [...]
Those of you following along with the long-term Theoretical Positions in Monthly Analysis, either for hedging or investing purposes, will recall I use the Dec-Dec corn futures spread in the [...]