Agriculture

Meats Market Update

Headline Risk Continues to Haunt Livestock Market

Blue Line Futures
April 09, 2020
Cattle futures have been mostly untradable for the past month though yesterday’s session provided some great intraday opportunities.
Grain futures market update

May Contracts Anticipate WASDE Report

Blue Line Futures
April 08, 2020
Corn futures moved higher while May contracts for Soybeans and Chicago Wheat consolidated ahead of Thursday's report.
Cocoa Futures Update

Covid-19 Still Controls the Cocoa Trade

Peter Mooses
April 08, 2020
The May cocoa futures contract uptick may be short-lived.
Meats Market Update

Traders Look For Normalcy In Livestock Markets

Blue Line Futures
April 07, 2020
We got through what has been the hardest day of each week for the past several weeks, Monday. We got a string of bad news over the weekend with regards to reduced capacity at a handful of packing plants through the Country.
Meats Market Update

Rumors, Reality and the Livestock Market

Blue Line Futures
April 06, 2020
Covid-19 concerns continue to move the livestock futures market from bad to worse
Grain futures market update

Grains Struggle From Supply and Plunge In Oil Markets

Blue Line Futures
April 06, 2020
May corn futures made several attempts to rally last week but failed to hold those attempts through the close, which has kept the funds comfortably short. Friday’s Commitment of Traders report showed funds net short position at 99,925 contracts.
Grain futures market update

Grain Futures and Commodities Bid On President "Pump" OPEC+ Tweet

Blue Line Futures
April 03, 2020
Corn futures caught a midday bid yesterday on the back of oil prices surging as much as 30%. President Trump tweeted that Russia and Saudi Arabia had open lines of communication regarding a production cut of 10-15 million barrels per day.
Meats Market Update

Lean Hog Futures Drop Like A Rock

Blue Line Futures
April 02, 2020
Cattle futures turned lower and didn’t let up, finishing the day locked at the expanded limit. Live cattle remain in expanded limits, 4.50. Feeder cattle are in expanded limits 6.75. Cash cattle started to pick up yesterday, the bulk coming in near 112.
Grain futures market update

Grain Futures Prices Lower After Prospective Planting Report

Blue Line Futures
April 01, 2020
Yesterday’s USDA report had corn prospective acres at an astonishing 96.99 million acres, well above the average estimate of 94 million. Corn quarterly stocks came in at 7.953 billion bushels, towards the low end of estimates.
Grain futures market update

Grain Traders Attention Is On This Morning’s USDA Report

Blue Line Futures
March 31, 2020
Attention is all on this morning’s USDA report, out at 11 am CT. Corn prospective acres are expected to come in near 94 million. Quarterly stocks are expected to come in near 8.134 billion bushels.