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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