Agriculture

Grain futures market update

Grain Futures Traders Say, "Substance In Trade Deal Remains Suspect"

Blue Line Futures
January 21, 2020
Last week’s signing of Phase-1 was a classic buy the rumor, sell the news response. The substance in the trade deal remains suspect in our eyes. China has stated several times that imports will be based on market conditions, ie: supply/demand and price (same as before).
Grain futures market update

Grain Traders Decided To “Buy The Rumor, Sell The News”

Blue Line Futures
January 17, 2020
Soybean futures continued to roll over on a continuation of the “buy the rumor, sell the news” reaction. On top of the dwindling good news, there was some bearish news coming from South America,
Cocoa Futures Update

Cocoa Grinding Data Has Increased Demand

Peter Mooses
January 17, 2020
Grinding data this week has cocoa futures testing highs from 2018. The March contract reached 2729 on Thursday. Asian demand increased and provided market support – leading to more speculative buying.
Grain futures market update

For Agriculture Purchases - Is Phase-1 An Agreement To Proceed To Phase-2?

Blue Line Futures
January 16, 2020
In yesterday’s report we wrote: “It will be nice to get some clarity on the “trade deal”, but I wouldn’t hold your breath for something magical to happen.
Grain futures market update

Traders Forecast Impact of Soybean Trade Deal Demand From China

Blue Line Futures
January 15, 2020
China promises significant Soybean purchases after signing Phase One trade deal today. Farmers looking forward to more demand.
Meats Market Update

Livestock Futures Trade -Live Cattle, Feeder Cattle, Lean Hogs

Blue Line Futures
January 15, 2020
February live cattle rallied to round out Friday’s trade on weather concern and hopes that cash would surge after the close. Both of those premium builders came up short which helped erase those gains in yesterday’s session.
Grain futures market update

'Line In Sand' For Soybean Futures Bulls Is 9.35

Blue Line Futures
January 14, 2020
Soybean futures were mixed yesterday as much of the optimism around the Phase-1 deal seems to be priced in (see the 75-cent rally in December for reference).
Meats Market Update

Livestock Futures Trading -Live Cattle, Feeder Cattle, Lean Hogs

Blue Line Futures
January 14, 2020
February live cattle rallied to round out Friday’s trade on weather concern and hopes that cash would surge after the close. Both of those premium builders came up short which helped erase those gains in yesterday’s session.
Grain futures market update

Soybean Futures Traders On Fence Between China Demand and Fundamentals

Blue Line Futures
January 13, 2020
Friday’s USDA report was mostly bearish Soybeans with yield, production, and ending stocks coming in higher than expectations. What helped prop the market up after an initial dip was technical support and optimism around this week signing of the Phase-1 trade deal.
Grain Futures Traders Recap

Grain Traders Wait for USDA Report - Oliver Sloup From BlueLine

Blue Line Futures
January 10, 2020
Oliver Sloup breaks down the trading day in grain futures markets.