About The Author

Marc Nemenoff

Marc Nemenoff gives his readers an insight into the decision making process of a professional trader and analyst with 35+ years of market experience. He covers the markets with which he has had the best success throughout his career with. Contact Mr. Nemenoff at (312) 264-4310

Financials:  Dec. Bonds are currently 2’02 lower at 133’25, down 2’14 for the week. Dec. 10 Year Notes are down26 overnight at 116’02, down 1’14 for the week. Yields continue to edge higher with the 2 year now at 3.51%, 5 YR. at 3.38%, 10 YR. at 3.24 and the 30 Yr. at 3.37. The market is now pricing in a 0.75% hike in the next FMOC meeting. Expect the dollar to remain strong and equities weak.

Grains:  Dec. Corn is 8’0 lower at 662’4, up 8’0 for the week. Nov. Beans are 14 cents lower at 1408’4, down 37’0 for the week. Crop progress was down 1% in Corn and steady in Beans. Trend remains up on Corn. Neutral for Beans.

Cattle:  Oct. LC are about unchanged  at  142,50, down 115 for the week. Oct. FC are 20 higher at 183.70, down 50 for the week. Support remains at 141.60 for Oct. LC and resistance has been lowered to 144.80. Short term trends remain down.

Silver:  Dec. Silver is 30 cents lower at 17.58. Trend remains down, dollar remains strong. The market is now focused on higher yielding treasuries.

Regards,

Marc Nemenoff

Questions? Ask Marc Nemenoff today at 312-264-4310