2-Minute Drill – Grains and Livestock

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Grain markets were able to find their footing while livestock futures struggled yet again. Here are the two charts that we are keeping a close eye on.

Corn futures traded a tick below yesterday’s low before reversing to finish the day 6 cents higher, settling at 481 1/2.  Soybeans were the big winner today, which shouldn’t be much of a surprise with the hot and dry forecasts through the balance of August.  November futures finished the day 18 ¼ cents higher to settle at 1323 ½.  Knocking on the door of a potential breakout.  Wheat futures were a dud, which is par for the course at this point.  December was down ¾ of a cent to settle at 623.

Livestock markets were under pressure yet again, at the close October live cattle futures were 70 cents lower to settle at 179.27.  We’ll get into that chart here in a bit.  September feeders finished the day 77 cents lower to settle at 249 even.  Last but not least, lean hogs.  October finished the day 2 cents lower to 78.17.


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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. 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.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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