Wednesday, November 4, 2015


Mike O'Dea Comments

Wednesday, November 04, 2015

"Short futures hedgers have been "encouraged" by markets forces (spreads) to have short futures in KC and MGX vs CME I had Matt send me the open interest charts to look and they highlight that fact – OI declining in CME and either near record highs in MGX or above the past few years in KC – big... Learn More →


Morning Dairy Report

Wednesday, November 04, 2015

"Life shrinks or expands in proportion to one's courage". ~ Anais Nin GDT down a further 7.4% after yesterday's auction The pace of the declines surprised even some of the more bearish forecasters as demand continues to be absent from the world market. When trying to understand the extend of the... Learn More →


Morning Livestock Report

Wednesday, November 04, 2015

Cattle futures opened near unchanged before trading lower for most of the session yesterday, with the nearby Dec live cattle contract down almost $2.00 by the end of the afternoon. As noted yesterday, Dec futures left a large chart gap dating back two weeks which goes as low as $139.55 that the... Learn More →


Morning Grain Comments

Wednesday, November 04, 2015

The bulls have managed to weather the initial wave of stronger November private crop estimates, but buying enthusiasm remains slow across the futures market despite cash bids being forced to inch higher... Taiwan Sugar Corp bought 23k tonnes of U.S. corn (at $206/tonne C&F) and 12k tonnes of... Learn More →