The soy complex traded both sided of unchanged. The weather has moderated, with more rains received than anticipated. The big story of the day was the gain in oilshare. The crush was approx. 6 million larger than anticipated. The oil stock are 200+ million lbs lower than a year ago. This plus the general strength in vegoil markets helped the gains. …
Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE For those interested in grains, Sean Lusk, Director Walsh Commercial Hedging Services hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. If you cannot attend live, a recording will be sent to your email upon signup. REGISTER NOW. If you missed last week’s webinar you may VIEW A RECORDING.
Daily Gold Report
Gold and silver futures fell apart in the afternoon session following Janet Yellen’s press conference. The Fed as expected raised rates a quarter point, however the Fed Chair’s comments were seen as hawkish and supportive for the Dollar. She left the door open for continued unwinding of the Fed’s balance sheet which means an unwind of their $4.5 trillion balance sheet …
Windy City Jim’s – Daily Trade Recommendations (06/14/17)
Please contact Jim Walters for Thursday’s trade signals. 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 Walsh Trading, Inc. is registered as an Independent …
Nat Gas, Sell Bonds, Fed goes 1/4% today
Bonds and notes ran right into these long term trendline resistance at the highs today. I suggest using these indicators and stay out of the sloppy action in between, the chop. Let’s see if bonds stop up here as inflation heats up. Nat Gas after olive sell in chart now has small olive buy. Under here look out below as …
Ag Commentary
The markets are awaiting a change in the forecast. Tomorrow we will receive Nopa crush estimates. This time of year can be frustrating due to the uncertainty. As said all along the markets are in a bearish macro move. The question now is if the trend will resume or a weather market will play out and cause a yield reduction. This could …
Wednesday AM US Grain Weather Report
WEDNESDAY AM RADAR — CLICK HERE TO SEE FAST LOADING RADAR There are storms over far eastern NEB and over central and eastern IA… and over northwest ND into southeast corner of Saskatchewan. TUESDAY MAX TEMPS – 70s over ND, east MT, east WY, north MN… 80s over south MN, WI, SD, western NEB, east COL and over southern IND & OH, south …
Wheat Long Term Forecast: Wave Theory Applied
I spent the better part of last night analyzing the current wave patterns in the wheat market. Breaking it down in classic top down fashion. That is, starting with the monthly charts and working down to the short term daily charts. This is the only way to see the dominant forces at work and to better position ones self for the …
Tuesday PM US Grain Weather Report
TUESDAY PM RADAR — FAST EAST LOADING RADAR The midday radar shows thunderstorms over north western Wisconsin and scattered showers and thunderstorms over southeastern Wisconsin … and 50% of Indiana, Ohio, eastern Kentucky, West Virginia and western North Carolina. There are additional widely scattered showers and storms over 30% of southeastern Texas, Louisiana, southern Arkansas and 50% of southern Mississippi and …
July Soybean Complex: Making Sense of It
July Soybeans As touched upon in yesterdays post I have observed reappearing wave structure characteristics in the agricultural products as it concerns to the layout of correctives patterns. In todays action I believe we have witnessed the extreme of a second wave in a five wave pattern at 940.0 If this is correct it should be followed by an impulsive wave (3) to the …