Hot Potato

Steve BruceGeneral Commentary, Grains

The recent 6 to 10 day forecast for the Heartland is slightly cooler and wetter than normal. Pretty luke warm!

September deliveries might weigh on prices as there’s enough of everything everywhere for the next few months. Mother Nature will determine what happens with corn and bean spreads while Chicago wheat remains the special case!

After first notice day we’lllook to the USDA for its estimates of cropsize and there remains a lack of confidence in compilation. So, it’s hurry upand wait for harvest and first frost, whichever comes first!

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.     

Join My Mailing List




Steve Bruce

               
Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax
sbruce@walshtrading.com
www.walshtrading.com


Walsh Trading
53 W Jackson Suite 750
Chicago, Il 60604



Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.

Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.