Thursday US Grain Weather Update

walshtrading Weather Leave a Comment

THURSDAY AM RADAR — FAST  EAST LOADING RADAR  During the overnight hours heavy storms and significant rain fell over much of western, central and northeastern Minnesota …northern Wisconsin …the upper peninsula Michigan.  There is a second band of moderate rain storms over southwest Illinois …southeastern Missouri …northwest Arkansas and southeastern Oklahoma.  During the morning hours this activity fell apart and right …

Ag Commentary

John Walsh Grains Leave a Comment

The markets are bouncing today. It has been a fairly steady up day with beans,meal and oil all advancing. the market is digesting the recent break. Also, the thought that perhaps a bit of dry weather is in front of us. The reality to me looks as though ample moisture has fallen all over and a few areas remain dry. …

Move’em On, Head’em Up?: August Live Cattle

John Lunney General Commentary Leave a Comment

August Live Cattle      I’m stating that this article is potentially written a day early, however, I couldn’t resits using this headline. I believe we are close to setting a (B) wave low in the live cattle market. Major underneath support comes in roughly at 106.500. Wave structure analysis also supports this view that the market is approaching a …

Morning Star ? Focus September Soybeans

John Lunney General Commentary Leave a Comment

  September Soybeans         After establishing a low of 917.2 against a series of diverging indicators the bean market was able to press modestly higher in today’s session closing just off the 931.6 high at 931. There exist a morning star candle formation in the daily time frame charts. This is a potentially bullish pattern. Any continued …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract tried to rally on Wednesday, August 16, 2017, trading up to 109.70 mid-morning before breaking down to the session lows at 108.075. This is just below the 108.675 support level and a small bounce had the October contract end the day at 108.525. A rally above 108.675 could lead to a test of …

Ag Commentary

John Walsh Grains Leave a Comment

weather weather weather. The market was quiet today after the recent weakness. The forecast has turned a bit drier for the 6 day. The crops have had ample moisture in most areas. The conditions are doing fine. given the recent usda estimates the market will head lower baring any unforeseen issues. A couple things to watch. Oilshare is hovering in the …

Mid-Week Cattle Round Up: August Live Cattle

John Lunney General Commentary Leave a Comment

August Live Cattle      The cattle market chopped around in lower to sideways action in today’s session. I believe a lot will revealed in tomorrows trading. If this is a (iv) wave corrective rebound unfolding it should not rise above 112 which is currently major cross zone resistance. If prices move sideways to slightly higher and then falter the …

Diverging: Focus September Soybeans

John Lunney General Commentary Leave a Comment

September Soybeans      The bean market violated recent extreme of 920.2 in early trading to post a low of 917.2 before recovering to settle at 923. There is multiple time frame divergence in the price charts which could be signaling a rebound in prices. Confirmation is needed and this will be achieved if the market can press above 926 …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

Gold and silver prices retreated for the second consecutive session as last week’s fears over a nuclear conflict with North Korea have abated and as of today the third or fourth story in the news cycle. Also weighing on gold prices was the prospect of another increase in U.S. interest rates, with an influential Federal Reserve official saying on Monday he …