G-J struggles again above 6 cents. Lets take profit and buy a break
We expect the Dec contract to continue to chop this week. We will be looking for evidence of topping slaughter numbers to jump long Feb.
KC wheat looks toppy here, down 5 from the close yesterday. Oilseeds remain quiet while corn spreads back off.
Corn falls further behind, beans are only slightly off pace. Cotton is ahead of last years harvest pace. Wheat conditions are downgraded.
Dec contract fights with high pork production, limiting cash price advances. Feb and beyond remain strong as potential Asian demand supports
Understanding Expiration and Futures Contracts Months By nature, a futures contract is a perishable security. It features a distinct expiration date when the legally binding agreement is settled. Upon expiration, the contract ceases to be tradable on the open market. The concept of expiration makes futures contracts finite instruments, different from forex pairs or stocks.… Read more.
USDA November WASDE Recap 11/8
Progress reports saw corn miss,beans were on expectations and cotton was ahead. Are harvest worries for corn enough to cause a turn around?
We like buying Feb selling April on this morning’s break
Hog markets broke into the weekend on weaker cash, high slaughter and heavy weights. We look for this trend to continue. Sell rallies in Z.