They say, “the quickest way to the poor house is to trade government numbers”. Some will attest to that statement in recent weeks. Much has been said, and lots of heads are scratching on the monthly WASDE reports (estimates) from the USDA.
A Reinforced Case For A Bullish Edible Oil Market
Last month we published “A Case for a Developing Bullish...
Trilateral Protein Heat Map – First Week of August
Look to buy beef tenderloins. Although they are higher y/y, the difference (3.47%) is not nearly as much as almost all the other beef items and they are entering a bottoming period on the seasonality chart.
December Corn Technical Outlook
This post is a follow up to our July 1st...
Commodity Funds Establish Record Net Short in Minneapolis Wheat Futures
For HRS specifically, the USDA is projecting a 22% year-over-year increase in HRS ending stocks, the highest since 1987/88. That, coupled with relatively weak dependence for higher protein HRS wheat for blending purposed, bodes bearishly for HRS wheat. HRS demand is weakened, even with the drop in the average protein level in HRW wheat this year, by large stocks of high quality and high protein HRW in storage.
Trilateral Protein Heat Map
As summer enters its dog days, appetites become curbed. Many...
Live Cattle Technicals
October Live Cattle Moving Lower? I have switched to October. ...
What To Do When You Have More Than Two? Part I
Multiple Elliott Wave Interpretations? Two Valid Interpretations in heating oil...
June Cold Storage Recap
USDA monthly cold storage data released Monday afternoon showed combined...
A Case For A Developing Bullish Edible Oil Market
Soybean Oil: We are seeing a reduction in global and...
