Live Cattle producers may want to check in on their marketing strategies this week as futures have climbed close to prior highs and trend line resistance. At the same time, technical conditions are becoming overbought and we are seeing signs of buyer exhaustions.
We will lead off with a look at the Live Cattle in today's video and then check in on:
- Wheat remains in neutral posture,
- Wheat vs Corn opportunity?
- Corn/Soybeans correct as US harvest advances,
- Sellers take momentum in Soybeans for first time since mid-August,
- Energy markets remain in bullish posture despite this week's pullback.
This material should be construed as the solicitation of an account, order, and/or services provided by the FCM Division of StoneX Financial Inc. (“SFI”) (NFA ID: 0476094) or StoneX Markets LLC (“SXM”) (NFA ID: 0449652) and represents the opinions and viewpoints of the author. It does not constitute an individualized recommendation or take into account the particular trading objectives, financial situations, or needs of individual customers. Additionally, this material should not be construed as research material. The trading of derivatives such as futures, options, and over-the-counter (OTC) products or “swaps” may not be suitable for all investors. Derivatives trading involves substantial risk of loss, and you should fully understand the risks prior to trading. Past results are not necessarily indicative of future results.
All references to and discussion of OTC products or swaps are made solely on behalf of SXM. All references to futures and options on futures trading are made solely on behalf of SFI. SXM products are intended to be traded only by individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM.
SFI and SXM are not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Contact designated personnel from SFI or SXM for specific trading advice to meet your trading preferences.
Reproduction or use in any format without authorization is forbidden.
© Copyright 2024. All rights reserved.
Discover more insights
