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What's next for grain and livestock markets?

Published on: 17:37PM Jan 13, 2019

Weekend Update

 

January 13, 2019

 
 

Corn

 

Corn futures traded technically sound in the absence of fundamental data from the USDA (thanks to the government shutdown).  Early last week the market failed near our technical resistance pocket which we wrote/talked about using as an opportunity to reduce risk with clients who ha been long coming into the new year.   In the back half of the week, the market pulled back into technical support, an area which we wrote/talked about using as a buying opportunity.  The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Soybeans

 

In last week’s Weekend Update, we said: “we were working with clients to reduce long exposure into the weekend. We still believe the market can work higher with time but believe in the importance of capitalizing on something into the weekend.”.  If you....The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Wheat

 

It was a chop-fest in the wheat market last week, which we are taking as a silver lining for the time being.  The swings shook a lot of weak traders on both sides out of the market, which we believe....The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Live Cattle

 

In last week’s Weekend Update, we talked about the pullback being a buying opportunity, saying: “We will be looking to pull the trigger again if we see the market work closer to 121”.  The market held that support and rebounded quickly, making new contract highs.  We.....The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle

 

March feeder cattle rallied off of technical support last week, which we defined as 142, laying out that the market has for the most part been range-bound from 142-146 /- (which happened to be last week’s range too).  We....The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Lean Hogs

 

April lean hogs managed to hold a rally for two consecutive days last week, something it hasn’t done in what seems like a life time.  Volatility ramped up Friday as we saw profit taking on the rally come into the market but was bought back up in the back half of the session.  The bulls need to....The market has....Get our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

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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.