Veterans Day Monday, but markets open

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

Educational and actionable information using Fibonacci and W. D. Gann analysis.

WASDE Report Numbers and the Cattle Market Black Hole

Cattle and hogs struggle to end the week lower

The wheat market was mixed across the three exchanges on Friday with the soft wheat contracts holding up and the hard wheats the weakspot. Chicago SRW futures were mixed, with contracts anywhere form a penny higher to 1 ½ cents lower, as December was up 4 ½ cents on the...

Soybeans faded the initial gains post USDA report release this morning, but bulls managed to close the day with contracts up 1 ¼ to 6 cents across most contracts on Friday. January closed out the week with a 36 ½ cent gain since last Friday. CmdtyView’s national front month Cash...

A yield cut from the USDA earlier on Friday helped futures to close the day with fractional to 3 ¾ cent gains. December managed a 16 ½ cent jump this week. The national average Cash Corn price from cmdtyView was up 4 cents at $4.04 1/2 per bu. USDA reported...

Beans Settle Higher, but Barely

Grain markets finished the week on a high note following what was a friendly report from the USDA. Can the rally continue next week?

In my opinion, a great deal of resolve has been seen this week.  A new Presidential administration, the Fed lowered rates, and cattle/beef seemingly made highs for which few were willing to pay.

Following a bull friendly USDA report, midday price action has corn falling off is highs. Contracts are just fractionally higher as we trade through Friday. The national average Cash Corn price from cmdtyView is up 3/4 cent at $4.01 1/4 per bu. USDA reported private export sales of 200,480 MT...