Agriculture

Grain futures market update

Technical Trading Look At Grain Futures

Blue Line Futures
February 10, 2020
Corn futures managed to rally on Friday, putting prices in positive territory for the week. Friday’s Commitment of Traders report showed funds sold 26,655 contracts through February 4th, extending their net short position to 52,045.
Meats Market Update

Livestock Futures - Chinese Reduce Tariffs On $75 billion US Goods, Positive Development For Phase-1

Blue Line Futures
February 06, 2020
April live cattle failed to find their footing, cutting against our thesis that the outside markets stabilizing would offer more support to the market.
Grain futures market update

Commodities Catch Bid Higher As Coronavirus Eases

Blue Line Futures
February 05, 2020
Soybean prices rallied yesterday, much of which was on the back of technical relief. Outside markets have stabilized as concerns over coronavirus ease, spilling into support for commodities.
Grain futures market update

China Seeking Flexibility On Phase One Trade Deal Agriculture Purchases

Blue Line Futures
February 04, 2020
Soybeans managed to rally yesterday on technical relief and good export inspections, 1,356,000 metric tons. Reports that China is seeking flexibility on trade targets amid coronavirus added a wet blanket on things midday.
Meats Market Update

Livestock Futures - China Seeks Leniency To Agriculture Purchases Due To Coronavirus

Blue Line Futures
February 04, 2020
Lean hogs were mixed to start the day with headlines suggesting China was seeking leniency on the Phase-1 agreement due to the coronavirus outbreak, halting an attempt at a meaningful relief rally in the front months.
Grain futures market update

Grain Futures Update For February 3, 2020

Blue Line Futures
February 03, 2020
Soybeans felt the heat into Friday’s close as coronavirus uncertainty and fears led to a risk-off trade ahead of the weekend. Not a lot of new news over the weekend has led us to a choppy overnight trade.
Grain futures market update

Soybean Futures Broke Yesterday, Marking Lowest Price Since May

Blue Line Futures
January 31, 2020
The soybean futures market is making new lows as global markets come back under fire. With little new news, much of the recent selling pressure is technical in nature.
Meats Market Update

Livestock Futures - Ag Traders Look For Money Flow and Outside Markets To Stabilize

Blue Line Futures
January 31, 2020
Livestock futures were under pressure yet again in yesterday’s session as the risk-off mentality came back into play. After the livestock markets closed, the outside markets stabilized with stocks rallying as much as 2% off the lows.
Grain futures market update

The Big Question For Grain Traders - Will China Meet 'Phase 1' Ag Purchases?

Blue Line Futures
January 30, 2020
Soybean futures market is making new lows for the move in the early morning trade as global markets come back under fire. With little new news, much of the recent selling pressure is technical in nature.
Cocoa Futures Update

Cocoa Futures: Cocoa Demand And The Coronavirus

Peter Mooses
January 29, 2020
Concerns about the coronavirus have affected the equity and futures markets. Asian demand for Cocoa has come into play. If this virus affects exports in large grinding nations, Asia specifically, we can see prices continue to move lower.