Probably more like $19,000 to feed them and other costs.
I agree that technically the trend is still bullish but the market structure is not with prices more likely to move sharply lower than higher,...
Much of my trading is in finding patterns that are bottom, bounce, decline, bottom. I find this to be a common and high probability pattern when...
Sell setup is still valid and my bias is still negative. If we trade above the pivot high of last week I will revisit the idea. Trading is never...
Right now I wouldn't give it any weight. I seriously doubt if any paper came into the floor today so whatever happened is probably attrituble to a...
Commodity analysis based upon demand prediction almost never works-commodity pricing, for any commodity that is easily reproduced (corn, soybeans...
Right, wheat did too a couple weeks ago. I also wrote an article on that occurring over at my Tradingmarkets.com blog....
It completed a setup aka sequential but that was also a countdown, it met the requirements of both. The reason it was a countdown is that a...
The countdown begins after a sequential which is 9 consecutive closes above the close 4 days ago. The countdown is not consecutive it just needs a...
Finally, the move down I have been expecting. I was beginning to get nervous that I had put outself out there as being bearish and then we were...
I am only showing one countdown, the current one on my screen and the prior as just a sequential. I will have to double check mine by hand though....
I talked to a broker today and he said he had talked to a floor broker and said there was almost no outside paper coming into the market-real...
CQG may have it, you can build it yourself if you have a platform that allows you to create your own indicators. Here is an article I wrote on...
I guess you have a bloomberg terminal then. Lucky you.
You are correct on those counts. Feeder cattle is in a sell countdown and very near a point of buying exhaustion. The only way I know to...
Absolutely, I wouldn't enter wheat now but I was bullish on it and the fundamental fully support these prices. Hopefully corn can stage a rally...
Good luck, I just hope I don't get any blame if we get bombed in corn. I do think your trade captures the essence of what is going on in corn...
I have been very bullish on wheat when it was oversold a week or so ago but less bullish on corn. Calls and call spreads are my preferred...
Unbelievable move, great job on the trade! Somtimes knowing the fundamentals of the commodity prevents one from trading-that is where I find...
Looks like the Feeder/Fat spread is correcting, today at least. Feeders are up 1 while Fats are up 1.85. This is the type of action we need to see...
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