Grain Spreads

Sean Lusk General Commentary Leave a Comment

Corn/Wheat It was breakout central in the wheat market this week as Chicago and KC outright contracts have led the way higher. We have been beating the drum since late December encouraging those to consider selling Minneapolis wheat vs buying either Chicago or KC against. Minn/Chicago traded up to our sale target at 1.95-97 Minneapolis over, but as we suggested …

time to engage Ag Thoughts

John Walsh Grains Leave a Comment

It is time to pay close attention to the Ags. The south American weather is giving a opportunity to producers that may not exist. Beans are getting a ride on Corns coattails here. Bizarre to me the Corn has not moved that much. The weather down south has had a impact on the corn production. In contrast the Brazilian bean crop …

Weather

South America Grain Weather from WxRisk.com

walshtrading General Commentary, Grains, Weather Leave a Comment

For the complete South America Grain Weather Report, CLICK HERE. Summary: There really is not much to change in the forecasts until you get into the 11 to 15 day. The the MJO models yesterday and on Monday began to show a change in that the very strong impulse was going to weaken rapidly once it reached phase 8 and …

Grain Spreads

Sean Lusk General Commentary Leave a Comment

Soy Complex Both beans and meal continue to grind higher on the charts as drought like conditions in Argentina continue to provide a bid into the market. WX Risk, the AG weather site sees temps ranging from 100-113 fahrenheit in the Central and Southern growing areas through this weekend. The extended hotter and drier conditions which continue to worsen in …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The April Live Cattle contract gap opened lower (124.60) on Tuesday, January 30, 2018 and traded down to the low of the day at 122.725, this is just below trendline support at 122.775. It found support here and rallied to a new high (124.90) for the day and closed the gap created at the open and the Monday …

Ag reaching targets ?

John Walsh Grains Leave a Comment

The Soy complex continues to work higher. The November contract traded as high as 1017 today. The target I have spoken of is 1015-1020. We have yet to reach the 1020 on this recent rally. Tomorrow may be the day. Anyway, I have said it is time to use this rally to make sales for new crop beans. It is possible …

Weather

South America Grain Weather from WxRisk.com

walshtrading General Commentary, Grains, Weather Leave a Comment

For the complete South America Grain Weather Report, CLICK HERE. Summary: Argentina – The Models over the weekend and this Monday morning have NOT changed at all. The lack of ANY rain over 0.50″/ 12mm over any portion of Argentina over the next 10 days is really quite remarkable. The 11-15 day operational or regular GFS model does bring some …

Weather

US HRWW Grain Weather Issues from WxRisk.com

walshtrading General Commentary, Grains, Weather Leave a Comment

For the complete US HRWW Grain Weather Issues Report, CLICK HERE. Summary: Drought conditions over most of Plains/Delta worsening weekly. Midwest is in good shape, but Missouri is not. Recent and next 30 day rainfall and temps are presented along with an overview of La Nina. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain …

Jack and the Beanstalk: Soybean Futures

John Lunney General Commentary Leave a Comment

March Soybeans The structure of the bean market is a tricky one to label accurately. There are a few alternate scenarios that I see. I’m currently favoring the bullish one based on the nature of the recent advance which commenced at the 944 ½ low. That clearly appears impulsive in nature. We have achieved the first target level of +/- …

Livestock Levels

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle The April Live Cattle contract gap opened higher on Monday, January 29,2018 and traded to the high of the day at 126.125, this is just below the Thursday high at 126.30. The Failure to make a new high led to a selloff which took price down to the session low at 124.80. It ended the day at 124.90. …