Live Cattle April Live Cattle rallied right from the open on Wednesday, March 8, 2017 as traders were anticipating bullish action on the fedcattleexchange’s online auction. Price traded up to 117.15 ahead of the auction and then sped to the low of the day, trading down to 115.125 after a disappointing auction caused futures prices to retreat from the high. …
South American Grain Weather Update
RIGHT NOW Argentina is clear this morning. Big storms are hitting southern and eastern Mato Grosso and moderate showers are falling over northern Bahia. GFS 1-5 & 6-10 DAY LINK The midday GFS model continues to show moderate to heavy rains over the eastern half of Argentina with similar rainfall amounts and coverage when compared to the Canadian and the …
Equities lower for third consectutive session
Fairly quiet trading day in both the S&P and Dow on Wednesday. The Dow failed to get above 21,000 and spent most of the day trading near the middle of the range. Late in the day headed into the close, the Dow put in the low, then rallied a bit to close down 56 points for the day. We have …
Soy Complex
The Soy complex closed lower again today. Although it was a fairly uneventful session. Tomorrow the USDA will release a monthly report that should offer direction. The South American crop,especially Brazil continues to show a increase in the projected yield. The global supply will prove burdensome in the long run. The US projection for planted acres continues to get larger. …
Grain Short Report
Today the grains were weak as were most of the commodities. . The bases in the grains should begin to decline as a weather premium begins. This usually occurs once the crop has been planted. The supplies look plentiful worldwide. And if the weather is good for the growing season the grain supplies should be plentiful in America as well …
Currency comment 3/8
The dollar saw a moderate rise on Wednesday on improving volume. The main factor in the rise was a report from ADP that showed new job creation in February was an astounding 298,000. This compares with the average analysts’ guess of 198,000 new jobs for February. There continues to be hesitation in adding to long dollar positions, however, if we …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …
Currency comment 3/7
A very dull day in the currency markets Tueday. No fresh new to move prices and traders not willing to take big positions into Friday’s unemployment report. We may see more action on pre-positioning ahead of Friday but it did not occur today.
Grain Report.
Last year at this time, we were looking at the end of the El Nino and creation of the next La Nina. Similar to 2012. And here is a list of the La Nina dates. La Niñas occurred in 1904, 1908, 1910, 1916, 1924, 1928, 1938, 1949–51,[ 1954–56, 1964, 1970–72, 1973–76, 1983–85,[ 1988–89, 1995–96, 1998–2001, 2007–08, 2010–12, and 2016–17.. Walsh Trading INC …
Dow Jones: Will March be the Start?
Dow Jones point and figure along with a month chart of the Dow Jones and what should we do now after looking at these charts. A couple of ideas for those interested. Will March be the start? [email protected] Regards, Dennis Eich Walsh Trading INC 312-985-0308