Soybean Meal
Theoretical Positions: The balance of summer needs as well as fall and winter needs could've been covered when the December futures contract moved above the previous 4-week high of $290.50 [...]
Theoretical Positions: The balance of summer needs as well as fall and winter needs could've been covered when the December futures contract moved above the previous 4-week high of $290.50 [...]
Theoretical Positions: Initial sales of new-crop might’ve been made near the weekly close of $641.50 based on the completion of a bearish 2-week reversal. Additional sales could’ve been made near [...]
Theoretical Positions: Producers: Dec tends rally from the third weekly close of July through the last weekly close of August (see below) Some expected 2025 production could’ve been locked in [...]
Theoretical Positions: Investors Short Dec25 positions at roughly $4.60 were covered near $4.01 (Friday, August 15) Dec25 closed last Friday at $4.0525 Short options added roughly 40 cents with 20 [...]
Theoretical Positions: End-users: Summer cash needs are being covered as needed. But we need to keep an eye out for a possible seasonal low Producers: Cash sales of 2024 supplies [...]
Theoretical Positions: Traders are likely on the sidelines. Seasonal Analysis: Bearish Seasonally, the market tends to post a high weekly close the fourth week of June From there, the spot-month [...]
Theoretical Positions: Traders are likely on the sidelines for now. Cash needs can still be bought on an as needed basis. Seasonal Analysis: Bullish The spot-month contract tends to trend [...]
Theoretical Positions: Traders are likely still long cash, futures, and Exchange Traded Funds (ETFs) for reasons other than technical or fundamental. Seasonal Analysis: Bullish Seasonally, the Index tends to trend [...]
Theoretical Positions: Cash cattle can continue to be sold when ready. Seasonal Analysis: Bearish The October issue tends to post a short-term high weekly close the first week of August [...]
Theoretical Positions: Cash sales could continue to be made when cattle are ready. Seasonal Analysis: Bearish The October issue tends to post a high weekly close the first week of [...]
Theoretical Positions: Producers can continue to sell cash hogs when ready to take advantage of the high Cash Index and futures prices. Short hedges of deferred contracts may have been [...]
Theoretical Positions: New Position Dec25 could be bought near last Friday's settlement of $5.3725, with sell-stops below last week's low of $5.24 Traders would be establishing new long futures positions [...]
Theoretical Positions: The July issue could’ve been sold near the weekly close of $6.17 (February 21) based on a bearish spike reversal on the contract’s weekly chart. Newly harvested cash [...]
Theoretical Positions: Cash sales at harvest have likely been made in early harvest. However, if the Index posts a new 4-week high, these sales could be put on hold as [...]
Theoretical Positions: It’s possible some sales of Nov25 were made as the contract took out its previous 4-week low of $10.3725 (possible sale of $10.37). Additional sales could be made [...]
Theoretical Positions: Summer coverage (June-July-August) can continue to be bought as needed. The balance of summer needs as well as fall and winter needs could be covered on a buy [...]
Theoretical Positions: Initial sales of new-crop might’ve been made near the weekly close of $641.50 based on the completion of a bearish 2-week reversal. Additional sales could've been made near [...]
Theoretical Positions: Producers: Dec tends rally from the third weekly close of July through the last weekly close of August (see below) Some expected 2025 production could’ve been locked in [...]
Theoretical Positions: Investors Previous Positions Short Dec25 at roughly $4.60 Dec25 closed last Friday at $4.0550 Short options added roughly 40 cents with 20 cents used to buy Dec25 $4.20 [...]
Theoretical Positions: End-users: Summer cash needs are being covered as needed. Producers: Cash sales of 2024 supplies should be finished. Seasonal Analysis: Bearish Seasonally, the Index tends to trend down [...]
Theoretical Positions: Traders are likely still long cash, futures, and Exchange Traded Funds (ETFs) for reasons other than technical or fundamental. Seasonal Analysis: Bullish Seasonally, the Index tends to trend [...]
Theoretical Positions: Traders are likely on the sidelines. Seasonal Analysis: Bearish Seasonally, the market tends to post a high weekly close the fourth week of June From there, the spot-month [...]
Theoretical Positions: Traders are likely on the sidelines for now. Cash needs can still be bought on an as needed basis. Seasonal Analysis: Bullish The spot-month contract tends to trend [...]
Theoretical Positions: Cash cattle can continue to be sold when ready. Seasonal Analysis: Bearish The October issue tends to post a short-term high weekly close the first week of August [...]
Theoretical Positions: Cash sales could continue to be made when cattle are ready. Seasonal Analysis: Bearish The October issue tends to post a high weekly close the first week of [...]