SOY The Soy Complex has been supported by the weather in Argentine. A continued call for mostly dry conditions over the next couple weeks has the market concerned. a couple releases of late. Private company Informa announced their estimates for bean acres at 91.2 mln , this is one million more than last year. they look for a 2018/19 carryover at …
South America Grain Weather Issues from WxRisk.com
For the complete Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what hedgers and investors should …
US HRWW / South America Grain Weather Issues from WxRisk.com
For the complete Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what hedgers and investors should …
Grain Spreads
Soy Complex Soy meal has led the wave higher in the soy complex and has been the catalyst for outright beans to rally amid short covering. March beans traded up to a five-week high at 987 before pulling back to close at 984.4. The rally in both meal and beans comes on two fronts. In beans, managed money as of …
Soy, on the run, when will it end??
I must admit I am perplexed by the markets. Perhaps there are new days that dawn in markets. ( I don’t believe this) I believe in the theory of reflexivity. The origin of this theory is perhaps George Soros. No political interest here please. A genius investor, there has been no doubt. Markets tend to move in a direction, Macro, …
Livestock Report
Live Cattle The April Live Cattle is now the lead contract as the volume is higher than the February contract. The April contract grinded higher on Thursday, January 18, 2018. It made a new high for the up move, reaching 123.60. It ended the session at 123.55, just above resistance at 123.125. The session high is just below the January …
Pump Pressure: Gasoline ( RBO ) Futures
February RBO Futures Its been quite a run since the early summer months of last year when the sun seekers and road trippers splurged at the pump helping the market spring off lows of roughly 1.30. I’m staring at multiple price charts of the February RBO futures and a few things just jump off the page. Today’s extreme …
After Mixed Data Gold Settles Slightly Lower
After Mixed Data Gold Settles Slightly Lower We saw several data releases that were a mixed bag for Gold. Initial jobless claims announced today are at the lowest level since February 1973. U.S. housing starts fell 8.2% MoM, while new building permits came in better than expected somewhat offsetting the housing starts data. The Philly Fed survey showed weaker than …
Grain Spreads
Soy Complex Outright beans and meal showed some impressive gains in that they bounced from overnight and morning selling to finish the day positive. It looks to me that old crop/new crop bean and meal spreads have found some buying interest in the near term. Part of it stems from the funds holding sizable shorts in outright beans while a …
Livestock Report
Live Cattle The February Live Cattle stampeded its way higher on Wednesday, January 17, 2018. It went limit up (121.10) and remained there for most of the session, with furious trading at settlement time taking it below limit and to the limit. I don’t have settlement but it ended the day up limit as after the settlement period it went …