October 2, 2020
Falling grain supplies bullish for LCATTLE
US Department of Agriculture quarterly report of September 30 showed domestic supplies of soybean, corn and wheat fell in the three months ending in September 1 more than expected. As a result of the report prices of futures on soybeans, corn and wheat rose more than 3%. Feed grain prices are a primary input in producing animal protein. Lower feed grain supplies and higher feed prices are bullish for LCATTLE.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 113.33 |
| Stop loss | Below 109.08 |
Market Analysis provided by IFCMarkets.com
- The United States and Iran are making progress in negotiations, but the situation remains tense. May 26, 2026
- GBP/USD Under Pressure Amid Growing Domestic Concerns May 26, 2026
- Oil prices fell 5% at the market open. US stock indices hit new records again May 25, 2026
- EUR/USD Starts the Week Quietly May 25, 2026
- COT Metals Charts: Weekly Metals Speculator Bets lower across the board May 24, 2026
- COT Bonds Charts: Speculators up 2-Year and 5-Year Bonds bets this week May 24, 2026
- COT Energy Charts: Weekly Speculator Bets led by WTI Crude & Heating Oil May 24, 2026
- COT Soft Commodities Charts: Speculator Bets led by Sugar & Wheat May 24, 2026
- The situation in the Middle East remains uncertain May 22, 2026
- USD/JPY: Second Consecutive Week Closes Higher May 22, 2026
