The august crop production report was somewhat of a game changer. There were surprises to the market. The biggest surprise to many was the increase in yield from the july report. The usda estimated the yield at 49.4 bu to the acre. Given the increase the new crop ending stocks swell to 475 million bu. In addition, the global carryover …
Rejected! Focus September Soybeans
September Soybeans The September soybean contract opened in cross zone support at 966 before pressing higher to first level target resistance at 981. This area was discussed in yesterday’s post and addressed in the morning audio report. Following USDA release the contract takes it hard on the chin. Prices knife through support cross zone and flush …
Thursday AM US Grain Weather Report
THURSDAY AM RADAR — FAST EAST LOADING RADAR Moderate rain showers over northeast MN into Lake Superior… scattered storms over eastern TN into eastern KY… and over northern LA, central MO… and over 30% of TX Panhandle into far eastern COL into southwest NEB. RAINFALL LAST 24 HRS ending 0700 cdt 10 AUGUST Good size area of Moderate rain fell …
USDA LIVE 11 FAST MKTS FREE CHART LEVELS NOW !
PICTURES ONLY, many of these markets have hit my levels exactly and these are big managers buying corn, stops below. big area 375-ish. stocks consec down GIVE ME A CALL NEXT WEEK. 312.957.8248. DO YOU LIKE TO SHORT STOCKS ? DOW, NASD ? I CAN HELP, GOOD LEVELS. bonds hit those 2 trend-lines tls. notice how the high frequency trading …
Stay Tuned: Pre-USDA Market Report
Please join my colleague this morning for a pre-USDA market report. Don’t miss out on the insightful research we consistently put out at Walsh Trading. With over 150 years of trading experience we can aid you in capitalizing on our expertise.
Livestock Report
Live Cattle The October Live Cattle contract was slammed at the open on Wednesday, August 9, 2017, and then traded down to test support at 108.675, making the early low at 108.625. It spent the next 3 hours consolidating at the low before breaking down and nearly going down limit. The low for the day is 107.875 and the session …
Daily Gold Report
Gold hit a near two-month peak on Wednesday, after North Korea said it is considering an attack on the U.S. Pacific territory of Guam and U.S. president Donald Trump boasted of the strength of the American nuclear arsenal. The tensions rattled through global markets, sending investors out of equities and into the safety of the yen, Swiss franc, and government debt. …
Ag Commentary
There is not much to say going home tonight. The market was essentially either side of unchanged all day. the USDA will release its report on Thursday. This will drive direction in my opinion. There is question regarding production and demand and what the government will do. The weather also remains debatable. The Midwest has received ample rains hence the …
Triangulating: September Crude Oil
September Crude Oil The oil contract has not of yet broken out of what I am labeling a (iv) wave triangle formation. The trigger points on the upside are the 49.83 potential (d) wave high. A violation here should bring in a wave of upside action targeting intermediate resistance zone of roughly 51. Overhead surge level comes in …
Stable?: Focus September Soybeans
September Soybeans In today’s action the market failed to hold above the 971 level and instead slipped to test lower speed-line support just under 961 posting a low at 960.2 before rising to settle at 966. Tomorrow beans will have to again deal with the 971-973 level before it gains any footing. If so they’ll attempt to challenge …