Stopped out of the Live Cattle position for a profit.
The January WASDE was bearish SRW wheat due to an increase in acres and bullish soybeans as global stocks declined
Grains and oilseeds are bullish on S. American weather concerns while the Fed minutes were much more hawkish than expected
Shorted the Live Cattle contract and trailed the stop loss twice this week to reduce the risk.
Beyond the Spotlight is a weekly video released on Mondays that spotlights two or three markets that may become trading opportunities for the week ahead. This enables you as a subscriber of the Trade Spotlight advisory service to look ahead with us, while potentially creating additional trading opportunities for yourself. The week’s video linked below covers… Read more.
Happy New Year US M2 US FOMC Balance Sheet Velocity of M2 CORN CORN Recording Open: 487.5 High: May 7 – 735.25 Low: Jan 4- 479.5 US Yield: 177.0 SOYBEANS BEANS 12/31 Open- 1319.25 High- 1667.5, May 12 Low- 1181.25, November 9 Yield – 51.2 COTTON COTTON 12/31 Open- 78.25 High- 121.67 Low- 78.25 US… Read more.
Equity futures continued their bounce back this week and my ES target was hit this morning @ 4700.00
ES futures just started to break out of this morning’s highs. With yesterday’s bullish close above my Daily Resistance Level (2nd chart), I’m buying the ES on this bullish momentum.
The CBOT wanted to go higher on adverse S. American weather but many markets were pressured lower due to omicron shutdown concerns
Quiet night at the CBOT for feed grains, soybeans give back yesterday’s gains. Cotton cant buy a rally amidst falling conditions.