Commodity Market Metrics
– Cocoa at 70 cents spike low, targets 50% retracement potentially
– Cotton USDA report estimate of 10.8-11.2 million acres
– Natural gas support at 2.71, resistance at 2.94
USDA Report Estimates
– Corn acres historically higher in June, up 20 of last 34 years
– Corn stocks estimate at 4.97 billion bushels
– Bean stocks estimate at 981 million bushels
– Wheat stocks estimate at 705 million bushels
Livestock Market Metrics
– Cattle 5-day negotiated steer price at 194.71
– Hog market CME lean hog index breaks 90, July over $90
Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. Market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.
