There is not much new today. The Sales are continuing to run at a healthy clip. Will south America cut the US out soon. This is more currency related. The reality is the domestic and global supplies are large. record large if planting goes well. the price level should prove difficult to maintain. The meal market probably has the most risk …
Weekly Gold Report
June gold and July silver futures posted solid gains this week as political headlines stole the show across the commodity sector. For the week June gold settled at 1253.6, up $25.90 for the week while July silver settled at 16.795 to finish 39 cents for the week. Reports from the New York Times and Washington Post detailing potential interference from the President involving …
US and Overseas Grain Weather Summary – May 19
For the complete US and Overseas Grain Weather Summary CLICK HERE. For those interested in grains, Sean Lusk, Director of Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar each Thursday at 3PM CST. We will hold our next Grain Outlook Webinar on Thursday, May 25th. REGISTER NOW. If you cannot attend live, a recording will be sent to your email …
Livestock Report
Live Cattle The June Live Cattle contract opened at the Wednesday low (121.75) on Thursday May 18, 2017 trading to low of the day at 121.20, before grinding higher in choppy trade. It took out Wednesday’s high (123.45) and formed an outside day candle reaching a new high at 123.90. It stopped just above the 8 DMA at 123.775 and …
Thursday Afternoon Weather Update
THURSDAY AFTERNOON RADAR – The mid afternoon radar is surprisingly quiet. There are some showers and storms over 30% of northeast ARK, into far southern ILL and a 2nd line over central MS into northwest third of AL, eastern TN into southeast KY. Moderate rains over western NEB and eastern COL with heavy snow in the mountains of WY and …
Market bounces back from biggest sell off of the year
Rebound The equity index markets had a nice recovery on Thursday, with the Dow and S&P 500 both closing higher on the day. The market looked like it was going to have some follow through from yesterdays big downward move. Dow futures traded down to 20,474 and spent most of the morning in negative territory. Things turned around mid day …
Thursday Midday Weather Update
THURSDAY MIDDAY RADAR – The mid morning radar is surprisingly quiet. There are some showers and storms over northeastern Wisconsin and the upper peninsula Michigan and even some snow over Lake Superior. There are a few week scattered showers over far SE Indiana and southwest Ohio but for the most part the Plains, the Midwest and the Delta regions are dry …
Wednesday Evening Weather Update
RADAR LINK Heavy thunderstorms have developed across much of central and eastern Minnesota, the eastern half of Iowa and into southwestern Wisconsin. Additional moderate rain showers cover 30 to 40% of northern Iowa, west central Minnesota and northeast Minnesota as well as portions of South Dakota. There are additional widely scattered weak rain showers over western portions of Tennessee, Kentucky and …
Livestock Report
Live Cattle The June Live Cattle contract rallied from the open on Wednesday, May 17, 2017, trading to the high of the day at 123.45. The rally came on the better than hoped for fedcattleexchange.com auction as it traded between 133.75 and 135.75. It also traded at 130.00 and 131.00 for 17 to 30 day delivery. There were 2,379 head …
Political turmoil drags markets down
Dow tumbles The Dow Jones futures closed down over 330 points from Tuesday’s close as the latest new from the Beltway gave the markets some jitters. The S&P 500 futures closed more than 40 point lower as the equities had their biggest downward move in eight months. The VIX (Volatility index reached it’s highest level since last year’s Brexit vote. …