3 min read Grains special update

Soybeans and Hogs Special update

Soybeans and Hogs Special update
Photo by Meredith Petrick / Unsplash

Hogs
June
From last week,

Use 90.60 as the swing point for the week.

This week so far it has been unable to get a close above 90.60, this is 23.6% back to the contract high and a break from it could send it to new lows, however with the key long term levels that it is currently rallying from we expect more to come on the upside in the longer term. Short term, on a setback watch for a 78.6% retracement at 86.15, as we have said many times before, this is where a lot of Bull runs can start and as you just saw in Cattle, where they can end. Cattle has come off $4.00 so far from the 165.20 (78.6%) swing point for the week

This post is for paying subscribers only


You might also like...

Jul
25
Weekly Grain/Livestock Update 7/25/24

Weekly Grain/Livestock Update 7/25/24

Overview This week's highs in August and November Soybeans were only able to get to the previous major Gann squares
15 min read
Jul
18
Weekly Grain/Livestock Update 7/18/24

Weekly Grain/Livestock Update 7/18/24

Overview Soybeans, Corn and Wheat remain under pressure and failed to get above their swing points for the week. We
13 min read
Jul
11
Weekly Grain/Livestock Update 7/11/24

Weekly Grain/Livestock Update 7/11/24

Overview Soybeans failed to hold key long term 61.8% retracements and we are now looking for 78.6%. December
13 min read
Jul
03
Weekly Grain/Livestock Update 7/3/24

Weekly Grain/Livestock Update 7/3/24

Overview August Soybeans traded down to the 1131.25 major Gann square and closed back above the 1157.00 swing
13 min read
Jun
27
Weekly Grain/Livestock Update 6/27/24

Weekly Grain/Livestock Update 6/27/24

Overview This will be the last update for the July contracts in Grains. November Soybeans are sitting on a key
16 min read