Trade

Spec trade:Re-buy Dec corn at the market, 520.4 last with a 511 stop. The correction may be over.

90 Days of Tariff Free Ground Beef

Spec trade: Crude oil is breaking out. Buy 2 micro-Oct crude oil at the MKT, 83.42 last with a 79.50 stop, (each $1.00 move is $100 on one)

Cattle trading action for today. Just a quick update on the performance of cattle today. October live cattle went down and bumped the 78% continuation chart retracement at 215.40 and are now recovering back to the 217 level. A close over 217 would be helpful in putting in a low, as it would hold the…

Spec Trade: Buy an Oct 26 Chicago Wheat 620 Call at MKT, 42 currently. This option exercises into Dec 26 wheat futures. The cost of this option is about $2,100 which is slightly higher than margin on a futures contract, and we don’t have to carry a stop. This option is deep in the money,…

Spec trade: Buy a Sept Chicago wheat at the MKT, 649.4 last, with a 637 stop. Overnight action held the 50-day MA and Monday low.

Spec trade: Place a GTC Buy stop on Sept Chicago wheat at 672. Risk 15 cents if filled.