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 |
| Order | Buy |
| Buy stop | Above 113.33 |
| Stop loss | Below 109.08 |
Market Analysis provided by IFCMarkets.com
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