Live cattle futures had limit-down moves on Monday and
Tuesday, losing about 7 percent of its value in that rapid decline. The news
that rocked the market was a severely damaging fire at a Tyson Fresh Meats
plant in Kansas. The plant represents about 5-6 percent of the cattle
processing capacity in this country. Needless to say, cattle traders headed for
the...
Commodity Trading Advisors (CTAs) have been performing
fairly well as a whole thus far in 2019 with Autumn Gold CTA
index (non-investable) reporting 5.79% YTD. The Barclay
CTA Index is up about 7.61 percent as of August. Both indices are comprised
of about 400 - 500 CTAs of various strategies and markets traded. This is
slightly better than their Hedge
Fund Index of...
Agriculture commodity prices have dropped substantially this
year. The agriculture commodities consist mainly of the grains, livestock and
softs (food). Some commodities like
corn, lean hogs and cocoa had their moments in the sun this year. Now, most of the agriculture commodities are
firmly entrenched in downtrends.
The good news is that I suspect many of these...
Natural gas is suffering the woes of plentiful supplies this year and the lack of a catalyst to push prices higher. As a result, natural gas futures prices have dropped about 28 percent from the peak this year in March. The fundamental picture doesn’t look good at this point and the market will probably need some significant...
Ample supplies and a mild winter have caused natural gas
futures to drip down into multi-decade low support levels. The market has
reached the sub-$2 level a handful of times in the last 20 years, which proved
to be a value zone many times. The market still looks negative, but it is time
to think about a long term bottom. However,...
