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Marketing "Slaughter Tuesday"

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485
    #1

    Marketing "Slaughter Tuesday"

    Well it started last Friday with problems in Ireland. Then China said its going to curb its economy Hm India up their yet china causes effect.
    Got going and gained back some on Monday but today its slaughter Tuesday.
    Funny how a week can change the game.
    Charts have broke resistance on HRS. Etc its building on its self.
    Canadian dollar down hard.
    But on other side. Its raining in Australia and damaging their wheat crop. Grade losses huge. Dry in west yield lower. Argentina dry and so is Brazil watch next two weeks for Brazil.
    Australia lowered its canola production. etc etc.
    All meaningless the funds are running.
    Like Larry says "pigs get slaughtered" hopefully all did OK.
    Tags: None
    • boarderbloke
      Senior Member
      • Sep 2007
      • 1991
      #2
      same crap as Fri, crushers padded their margines and line co's padded their basis, same crap different day.

        Comment

        • fjlip
          Senior Member
          • Oct 2002
          • 9865
          #3
          Dead cat bounce yesterday, over night suddenly all is negative. Herd mentality, never fails to amaze. That's "the market" working as it always does. Stairway up, elevator down, like Moe says.

            Comment

            • mbratrud
              Senior Member
              • Jun 2008
              • 1019
              #4
              Should be great for demand! Balance sheets are certainly not getting any more bearish.

              None the less a reminder to us all that we are really not in the drivers seat here.

                Comment

                • cottonpicken
                  Senior Member
                  • Apr 2006
                  • 6993
                  #5
                  This is what had me worried a while back.

                  http://charts.insidestocks.com/chart.asp?
                  sym=DXZ0&data=A&jav=adv&vol=Y&divd=Y&evnt
                  =adv&grid=Y&code=BSTK&org=stk&fix=

                  A clear short term bottom in the dollar and a return
                  to the high line in the downtrend.

                  I was excited for a bit on that second gap down,the
                  possibility of 67 would have been quite wonderful.

                  But like the strippers at the rhino,so close but so
                  far.

                    Comment

                    • silverback
                      Senior Member
                      • May 2005
                      • 1697
                      #6
                      How is it possible to go from full bore "things look good" last week to limit down today? How much of the market is now being done by automatic trades/ computers and how much by actual analysts?

                      It seems impossible to follow these markets anymore when not one person I read is saying sell it and the market does this. Was anyone suggesting this could happen over the last week?

                      Maddening.

                        Comment

                        • boarderbloke
                          Senior Member
                          • Sep 2007
                          • 1991
                          #7
                          silverback, I am also unsure about the amout of "autotrades/computers" involved with ag commodities. But have a look at this story from CBS 60 Minutes(I don't watch the program) but found it online a day or so after it aired on Oct 10/10. IMO, it just shows how much the common people are out of the loop.

                          http://www.cbsnews.com/stories/2010/10/07/60minutes/main6936075.shtml

                            Comment

                            • SASKFARMER3
                              Senior Member
                              • Feb 2006
                              • 14485
                              #8
                              Good program on CBS. Were not even in the game.

                                Comment

                                • silverback
                                  Senior Member
                                  • May 2005
                                  • 1697
                                  #9
                                  One day China wants everything we got, the next day they don't?

                                  One day supplies are down, the next day they are up?

                                    Comment

                                    • furrowtickler
                                      Senior Member
                                      • Dec 2004
                                      • 21976
                                      #10
                                      Selling canola with targets seems to be effective, freind had a target of $13/bus for clearfeild canola that hit on last tues overnight before Richardson put on their price protection early weds morning. I like target pricing, takes some of the day to day frustration out of marketing. I mentioned a while back that the canola market was doing fine slowly moving up, but the big jumps always cause problems. Docile bulls are easier to manage than angry bears.

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