The USDA released stocks today and acreage today. The report has potential long term ramifications. The acreage is 6 million acreas higher than a year ago and 1 million more than anticipated. This is a very large number and if realized will increase the carryover to 550-600 million bushels. This with the already burdensome global availability can spell lower prices …
Livestock Report
Live Cattle June Live cattle made an attempt to rally on Wednesday, March 29, 2017 trading past the previous two days highs and then reversing course and closing near the day’s low, making a doji candle. Thursday’s trade saw the June contract breakdown from the low of the doji, right from the open. It also took out the low of …
Equities bounce back
The stock market moved higher along with the US Dollar , as Treasuries moved lower on Thursday. Dow futures were up 69 points, and the S&P 500 futures closed up 8.25 , able to move out of the horizontal trading we saw on Wednesday. Dow futures narrowly missed touching 20,700 again putting in a high at 20,694. The index came …
Currency comment 3/30
The dollar continued to rally Thursday. This was the third day of rally in the dollar after the heavy selling seen on Monday. The Euro currency was down heavily. The British pound was up moderately as traders reacted bullishly to the filing of Article 50 by PM May on Wednesday. U.S. equity indices were higher; bonds were lower. Investors are cautiously bullish …
Ag commentary
The Soy Complex continues to erode based on the long term fundamental outlook. The question remains regarding acreage. The south American crop continues to expand pushing exportable supplies into the supply chain. If the usda shows the estimated acreage increases the domestic supply and the global supply will be at or very near record. This will leave the price of …
Sideways trading dominates the day
One step forward, two steps back Dow futures closed down 36 points Wednesday, after a quiet consolidated session. The futures were limited to a 100 point range, with most of that taking place in overnight trading. The day session saw a lot of back and forth trading, staying in an even tighter range of 60 points for the entire day. …
ag complex
The soy complex awaits the usda planting report on Friday. The market has a lot to digest. The south American harvest is moving along nicely. brazil exports are moving at a brisk pace. This will continue as the US market share is expected to dwindle. The Chinese purchases going forward will be booked mostly from the southern hemisphere. If the …
Windy City Jim – Daily Trade Recommendations (3.29.2017)
Futures Day Trading Signals (Thursday, March 30th, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : May Sugar Previous Closing Price : 1712 …
Latest Weather Insiders Report
For the latest Weather Insider report from WxRisk.com, CLICK HERE. This report covers current US and South American Grain Weather with a look at El Nino conditions in the future. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, will host a FREE 2017 Spring Grains Outlook Webinar on Thursday, March 30th at 3:30PM CST. This webinar will …
Livestock Report
Live Cattle The June contract broke down yesterday (Monday, March 27, 2017) trading down and almost making new low from the March 22nd anchor candle. The anchor candle is the large bullish breakout solid green candle that price has just retraced all the way to the candle low. Today’s trade took price to the candle’s low (111.25) a couple of …