Ag

John Walsh Grains Leave a Comment

The soy complex led by beans and meal continue to make technical advances. The market perhaps is dialing in a potential weather problem in south america early in the calendar. In addition the Chinese buyer has chosen to continue to purchase a record amount of beans, supplied by the US and south America. lets take a look at the fundamental side of …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The December Live Cattle contract took over as the lead contract on Thursday, September 21, 2017, as the volume was higher than the October contract. The session range was 116.90 high to 115.575 low, ending at 116.25, forming a Doji candle. It is above the 100 DMA (115.425) and the 200 DMA (115.475). The Doji candle indicates indecision …

Gap Fill: December Live Cattle

John Lunney General Commentary Leave a Comment

     December Live Cattle      The cattle market peaked higher today topping out at 116.900 before easing slightly to settle at 116.200. A few things of note are the fact that we have closed a weekly gap from the selloff in the third week of July at 116.700 and have fulfilled the weekly ATR (average true range) estimate …

Thursday US Grain Weather Update from WxRisk.com

walshtrading Weather Leave a Comment

THURSDAY AM RADAR – FAST  EAST LOADING RADAR  The Thursday morning radar shows very little activity over any portion of the Plains …the Midwest or the Deep South.  There is a cluster of storms over southeast Iowa and there is a band of moderate rain over the northwest half of North Dakota into southeastern Montana and into the far northwest corner …

Daily Gold Report

Sean Lusk Precious Metals Leave a Comment

The Federal Open Market Committee ended Wednesday afternoon with a statement that showed no interest rate change, as expected. The statement said the Fed will start to shrink its balance sheet by $10 billion a month starting in October. That rate will progressively increase. The tone of the statement suggested there is still a good chance the Fed will raise …

Bulls Eye! : December Live Cattle

John Lunney General Commentary Leave a Comment

December live Cattle      For those off you that have been following along you would have read yesterday’s posting titled ” And the Cow Jumped Over the Moon” which pointed to the potential bullish setup as the December contract had closed above the major channel line resistance. In today’s action we witness this proposed scenario play out as the …

Ag

John Walsh Grains Leave a Comment

The markets show modest gains today based on some sales to unknown and China. It is my belief that the markets are over supplied and therefore overpriced. Given the time of year the harvest should start to roll. The overall weather pattern remains in tact for a reasonable unincombered harvest window. The yield reports are variable depending on the source. …

Tuesday US Grain Weather Update from WxRisk.com

walshtrading Weather Leave a Comment

TUESDAY AM RADAR – FAST  EAST LOADING RADAR  Storms over southeast IND into north central KY and over northeast IND into northwest OH. There were some weak scattered showers over eastern MT, western ND, western SD. RAINFALL LAST 24 HRS ending 0700 cdt 19 SEPTEMBER There were 2 area of Moderate rain yesterday and both of them were over the Midwest. The …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The October Live Cattle contract continues to consolidate near the 108.675 resistance level. It formed a spinning top candlestick is trading above the 8 DMA (107.475). It was a quiet day on Tuesday, September 19, 2017. The inability to punch through resistance and breakdown below support over the past few sessions has created a potential time bomb.  A …

Ag commentary

John Walsh Grains Leave a Comment

The beans traded both sides of unchanged. the story of the day was oil share bouncing back. This remains a theme I am watching closely. The domestic market has been mixed with a review of yields thus far. However the harvest pressure should still start to show up now given the pace harvest will start to roll. The market after harvest …