If you need help hedging your crops or you want to speculate in the futures and option markets please give me a all at 800-615-7649 and we I will schedule a FREE 1 on 1 consultation that hopefully will help--Mike Seery

I do not talk about the soft markets very much but they be as profitable as any other commodity , however they are not as liquid as some other markets. Take a look at lumber, sugar, and coffee all to the upside. These commodities are re-testing recent lows and might even go lower, however that is why you place your stop loss below contract lows which will minimize your loss if you are wrong. These markets have come down dramatically in price in the last 4 months and could be bottoming with an improving economy.

The Feeder and Live cattle markets continue to push higher due to the fact that the U.S. has its lowest herd since 1952. Feeder cattle futures closed higher by 127 points to close at another all-time high 155.00. Live cattle futures are re-testing the contract highs at 129 and look for this to be broken and continue to move higher. Take a gander at the hog futures for April delivery: could be possible double bottom and might rally with the other meats just in sympathy. The cattle markets could see even more explosive moves to the upside due to extreme tightness in supply.

The story today was the sharp rise in wheat futures caused by crop concerns in the Midwest. With unusually warm temperatures throughout the Midwest with some areas breaking record temperatures including Chicago which was 60 degrees today. The breakout in wheat is 6.71 if it can close above that price look for a possibility of $7.50 a bushel or even higher. Wheat futures for March delivery closed higher by 22 cents to close around 6.67 a bushel. Soybean futures rebounded slightly after yesterday’s sharp loses to rally up 15 cents to close around 11.98 a bushel.