Errol’s Commodity Wire

Errol’s Commodity Wire

Cattle On Feed Update - - - Nat Gas Futures Toppy? - - - Soymeal Breaks Higher - - - Auto Industry Implosion

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Errol Anderson
Dec 22, 2024
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Market waters are getting choppier these days . . . . Last week, there was a definite break in equity indexes. Overconcentration factor of few large dominate stocks holding-the-glue together, while majority of stocks founder continues . . . . But this time, indexes took a technical bearish blow. Follow-through selling ahead possible.

The cattle board shook lower as equities skidded last week. Will the Cattle on Feed report have any influence?

And the ‘mad rush’ to buy cryptocurrencies came to a screeching halt. Bitcoin ripped and roared briefly above $107,000 before ‘git me out now’ selling erupted. The country of El Salvador appeared to be a trigger. El Salvador’s reliance on cryptos now in-question?

What are the key factors moving and shaking markets over the past week? The U.S. dollar remains heavily overbought. When will international buyers stop chasing the dollar? And would a Cdn PM change rally the loonie? Stranger things have happened?

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