Everything in decent trading ranges. Hogs on from this morning was a tasty 2.00 point rally.
GFK anyone? These can look friendly to me if we start to move higher. IF, do not anticipate. As always, use good chart levels.
CATTLE – JM spread 4.50 ish last- I have levels on this break on low, and lower. THIS SPREAD coming down into gaps on lows, ON BIG VOLU TODAY if looking to take bullish stab from others blowing out. GLEJ we have green xxx’s 177.77, missed by a dime on a $300 rally.
US DOLLAR anyone? We just came back down to an olive buy 90.38, starting to rally now if. WE TOOK OUT last weeks low by 3 ticks. Not bad huh?
HOGS – 63.02 low in am, someone stepped in front of other bid. Hogs few ticks off yest high? 25c stops? Over 6540 is tight. If looking.
CFTC Beans and corn – So the last few weeks I talked about funds selling but not that much. So the last few weeks THE COMMERCIALS have bought from the funds. I continue but less so now to think shorts continue to come out of woodwork. Generally Macro big pik. Lets hope for grains to break.
WHEAT – Has levels right here, 598 594, 89, then lower. 50 cent swings are or can be good trades to bang that Profit.
OUTAGES From Goog, Youtube to the Russians with the hackers, again. I think power outages or maybe CHANGING ROOT CODE? I live up here by these RX and semi Trucks driving down the road last all night. Last time that it was that loud, there was an anthrax convoy while back. Beanoil back by highs.
CNCZ is surprisingly strong, 16c, 12c was low last time down. Maybe more grain shorts into year end. Do shorts users pay up to get it on their books? Anything can happen and volatility is good for trading. Wheat is really swinging, 50c up in 3 days, today down 20c.
COFFEE- A guy text he wanted to buy 117 ish and I never heard from, 123 last ish.
Sugar had a situation where it got over an OLS by too much for me anyways.
It's lower by the buck. Yeah, my chart clients saw this a week back and would get a chart update today. You need to be funded. Break hard, expect unexpected. What is an olive worth? To the right guy it's worth a million. Email Chart Priority available – I welcome anyone that wants to learn, even if not trading silly. That's even better isn't it? https://bit.ly/3iE4Tf8