The markets move day to day based on the latest weather report. The risk has gone up considerably due to the uncertainty. The weather for beans will become very important last half july and into august. There still exists the opportunity for the government numbers to be the reality. The risk now is if the weather turns hot and dry,and …
Daily Gold Report
Gold prices hit a two-week high on Tuesday closing well above the 200 day moving average at 1232.7., finishing today’s session up over $8.00 to close at 1241.9. One of the reasons for the rally is the decline in the U.S. Dollar. The greenback is falling due to fading prospects of an imminent increase in U.S. interest rates and expectations …
Head Scratcher : Soybean Complex
September Soybeans Market held Monday’s low as suggested and took out early week’s high. Prices did challenge noted resistance level of 1010 failing at 1008.2 before losing all its gains to settle at 993.6. It’s a structural mess as I see it and I find it difficult to to discern any high probability scenario playing out. The late …
Weather Model Breaking News Bulletin July 18 from WxRisk
FOLKs Be advised that the 12z GFS operational models are coming out and it has more rain over central and northern Iowa then the previous runs did. By the morning of July 24 Monday, the GFS is now showing 1-2″/ 25-50mm covering most of Iowa except for the far northwest corner. Over eastern and northeastern Iowa the rainfall amounts are …
Few (6) Quality Olive Trade flashing
Markets are heating up everywhere, across the board so here are a few chart spots that have hit olive conditions. This olive is at the genesis of trading throughout the time spectrum that offers value and keeps you out of the way as it approaches. The value of quality research means you wait for trade conditions to materialize. Right? So …
Tuesday AM US Grain Weather Update
TUESDAY AM RADAR – There are numerous showers and thunderstorms across north central South Dakota, central and southern Minnesota with about 30 to 40% coverage. And there is a second cluster of storms over far southeastern Nebraska and northeastern Kansas. All other areas are rain free. FAST EAST LOADING RADAR MONDAY MAX TEMPS – mid 80s over OH, IND, ILL, KY, eastern …
Soybean Complex: Kicking off the Week
September Soybeans Tight 13 cent range established in the bean market today. Market sets low at 985.2 at the .618 retracement and prior iv wave low convergence level. A hold here will look to take out recent first wave’s high at 999. First upside resistance level comes in at +/- 1010. A hold above 1013 sets up advance …
Full Sunday Evening US Grain Weather Update
For the Full Sunday Evening US Grain Weather Update, CLICK HERE. For those interested in grains, Walsh Trading hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. This webinar is hosted by Sean Lusk, Director Walsh Commercial Hedging Services. Sean will host his next webinar on Thursday, July 20th. REGISTER NOW. If you cannot attend live a recording …
Weekly Gold Report
The Gold market finished the week strong Friday and rebounded nicely from multi- month lows made this past Monday. August gold futures settled at 1227.5 gaining $17.50 for the week. Silver futures rebounded as well posting a .50 cent gain for the week to close at 15.93 an ounce basis September futures. Gold may have found a near term bottom …
Nice Save: Soybean Complex
September Soybeans The beans market slipped slightly to test recently mentioned save level of 974 holding up just above at 975.4 at inner trend line support trow-back. Prices rise above first resistance level at 988 and extend to 995.4 before settling at 992.6. The market will have to hold above 982 to continue its advance. A hold beneath …