MONDAY MIDDAY RADAR The early Monday afternoon radar shows showers and thunderstorms over much of southern Minnesota and scattered showers over 30% of north central Iowa, eastern Nebraska and far northwest portions of North Dakota. FAST EAST LOADING RADAR 1-5 DAY = The first image shows the total rainfall expected all the next 60 hours ending as of 7PM CDT Wednesday …
Crude oil helps equities touch new highs
Production Cuts spur on Rally The U.S. stock market started trending higher right off the open following the overnight move in crude oil. OPEC production cuts were extended, with Saudi Arabia and Russia backed keeping the current levels going for another nine months. June crud oil futures were up over 180 point on their high, trading at 49.66 before selling …
Currency comment 5/15
The U.S. dollar fell modestly on Monday. The biggest beneficiaries of the dollar weakness were the commodity dollars – Canadian dollar and Australian dollar. The Euro FX also gained. The main factor in the move lower for the dollar has been the multi-day rally in crude oil. U.S. stock indices were again higher into record territory. Gold has seen a two …
Ag Commentary
Good Afternoon. The soy complex had a back and forth day. When the bell rang the beans and oil were plus while the meal market sold off its high. The most important aspect to todays session was the oil share closed above 34%. A recent high and a signal that perhaps we will see some follow through. The soy complex …
Daily Gold Report
Gold and silver exhibited some follow through from the late surge higher last week. However both June gold and July silver futures finished well off session highs which in my view keeps this very recent uptrend suspect for any further advances. A new North Korean missile launch and global cyber attacks over the weekend pushed June gold up to 1237.4 in overnight …
Windy City Jim’s – Daily Trade Recommendations (05/12/17)
Futures Day Trading Signals (Monday May 15, 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 : July Soybeans Previous Closing Price : 963 1/4 Projected …
Livestock Report
Live Cattle The June Live Cattle broke down from the open (124.975) on Wednesday, May 10, 2017, trading down to the low of the day at 122.225 then grinding higher to the high for the day at 125.125. The low is near the 50% retracement (121.61) of the rally from the April 5th low at 108.675 to the May 4th …
Equities rally, shake off noise
Markets have their own plan The stock market seemed to take the latest news out of D.C. in stride and continue to move higher. The S&P 500 put in a new high for the second time this week. The surprise removal of the FBI Director did not seem to have much of an effect on the markets. A rally in crude …
Daily Gold Report
Gold and Silver finished the session higher on mostly short covering during overnight trading hours. The firing of the FBI Director by the Trump administration was most likely the cause as it spread thoughts of the administration in disarray with many pundits crying foul over the timing of the decision. However gold and silver pulled back near the close to …
Windy City Jim’s – Daily Trade Recommendations (05/10/17)
Futures Day Trading Signals (Thursday May 11, 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 : July Soybeans Previous Closing Price : 970 1/4 Projected …