Sorry, you need to enable JavaScript to visit this website.

Weekend Ag Update (Grains & Livestock 1.27.19)

Published on: 15:27PM Jan 27, 2019

Weekend Ag Update

 

January 27, 2019

 
 

-Important: The USDA expects to release WASDE on February 8th.

 

-We will be on RFD-TV at 9:45cst Monday!

 

Corn

 

March corn futures spent majority of the week under the gun after failing t o breakout above technical resistance the previous Friday (1/18).  That encouraged some light  long liquidation, pressing prices back near key technical support pockets.  At the end of the day, this is a sideways market.  Over the last few weeks we have heard a lot of “there’s nothing to do” in this market environment.  From a hedging perspective, that’s probably accurate.  From a trader’s perspective....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

 

Soybeans

 

March soybeans look to be on the verge of a bigger directional move, as prices test a significant technical resistance pocket from....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

 

Wheat

 

Wheat futures were choppy last week, staging an impressive/constructive rally on Wednesday, only to give it all back on Thursday and early Friday.  Despite the pullback off of the highs, the chart....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Live Cattle

 

Live cattle futures gave back some ground early in the week but managed to finish closer to unchanged from the previous week.  We have....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle

 

Feeder cattle managed to....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Lean Hogs

 

Lean hogs rolled over hard (again) on Friday, trading to prices not seen since the first half of August.  If the bulls cannot....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Sign up for a FREE trial of 1 or all 4 of our daily commodity reports!

-Grains

-Livestock

-S&P, Gold, Oil

-Currencies

 

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.