On Friday 7/14 we got involved SHORT on the cattle near 117.50 when we saw old support becoming new resistance. The 118.00 level had some points that caught our attention.
This is a sample entry from Tom Dosdall’s newsletter, Technical Ag Knowledge, published on Friday, July 14, 2017. WOW that was a HUGE one week swing to the long side in both Corn AND Soybeans (as of the close Tuesday, July 11). Net change of +147,679 in one week for corn was the 2nd biggest… Read more.
Commodity markets appear to have put in a significant low on June 22nd, right into the crude oil low and also in line with the first day of summer.
In retrospect, the recent sharp declines in equity prices and significant pressure on industrial commodities were justified by disappointing US scheduled data and the Fed’s move to notch interest rates upward.
Daniels Trading commodity futures broker Craig Turner discusses how Spring Wheat is leading the grain markets higher. Spring Wheat G/E was down 7% on Monday, coming in at 55% this week compared to 62% this week. Hot and dry conditions across the Midwest are also causing the corn crop stress. We talk about our trading… Read more.
Daniels Trading commodity futures broker Craig Turner talks about the markets we are trading and the ideas we are looking into. We dive into corn, hogs, crude, currencies, and crude oil. While the podcast does not have specific actionable trading recommendations, we do publish them in Turner’s Take Market Alert newsletter. Want to know what… Read more.
This is a sample entry from Kirk Donsbach’s newsletter, The Cattleman’s Advisory, published on June 5, 2017. Weekly Cattle Commentary 06/02/2017 Of course, 24 hours after I say “excluding an unforeseen fundamental game changer, the highs for 2017 are probably in” we get an unforeseen game changer in India banning meat exports. Keep in mind… Read more.
Daniels Trading commodity futures broker Craig Turner talks about why US Shale and increases in Libyan crude oil production could ultimately undermine the OPEC production costs. We also look into bear futures spreads in Livestock and why we have trouble getting excited about trading ideas in the grains. While the podcast does not have specific… Read more.
By many measures the world economy continues to recover. The pace is apparently disappointing to commodities but not to equity markets.
Daniels Trading commodity futures broker Craig Turner talks about OPEC’s meeting and why extending production cuts nine months was a disappointment to the market. We also talk about the range bound nature of crude oil and natural gas. We then move onto grains and why we see. Then we dive into why corn and wheat… Read more.