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
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...
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...
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...
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.