Grain Spreads

Sean Lusk Grains Leave a Comment

Soy Complex Weather fears regarding drought like conditions and its impact on future yields in Argentina drove beans and meal through key resistance levels this week. Beans rallied near 40 cents for the week while soy meal rallied $30.00 a short ton. Bean and meal spreads surged as well this week before some slight back and fill emerged throughout today’s …

The Last Samurai : Japanese Yen Futures

John Lunney General Commentary Leave a Comment

March Japanese Yen Futures        In the second week of December I wrote a bullish piece on the Yen market. I now contend that it has reached a fairly significant inflection point. This +/- .94 level represents a channel line projection and the .618 retracement from the highs of the summer of 2016. It also appears to me …

Ag Weekend weather key?

John Walsh Grains Leave a Comment

The market moderated today, However the meal still was the price leader. The balance sheet in Argentina is being reduced. The Brazilian crop size still needs to come up. The question going home, in my opinion is will rains develop in argentina. If not perhaps meal has another move. The bean stocks in south America remain high. The sales given currency …

Grain Spreads

Sean Lusk General Commentary Leave a Comment

Corn/Wheat While beans and meal continue their upward surge on dry Argentinean forecasts, corn continues to plod along establishing a new high print before settling back 2 to 3 cents from each high made. We have discussed a bullish case for corn in the long term for a myriad of reasons. (Chinese demand, lower potential US plantings, lower South American …

Three Course Meal : August Feeder Cattle

John Lunney General Commentary Leave a Comment

August Feeder Cattle      I have spent some time studying the longer dominant time-frame charts in the August feeders. The style of top down analysis calls for this to be the first step in the process. From here one would address each smaller time-frame, namely the Daily, 240 minute and hourly.   What is interesting to me is that they all …

Ag Christmas in February

John Walsh Grains Leave a Comment

Ok, the meal is rolling, the crush is rolling, Very high levels historically in meal on a relative basis. Oil share has been taking a pounding. This will continue until the Argentinian drought is broken. Beans are getting a ride on meals coat tails. The nov 18 has reached 1020. A price I have been saying presents opportunity. There is …

Weather

South American 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 continues to have problems with moisture, all Brazil continues to have no problems and if anything too much. While there is no sign of the extreme heat coming back that I can see on the weather models for the next 7 to 10 days… there is no sign …

Ag

John Walsh Grains Leave a Comment

Not a lot to contribute tonight. The rally rolls on led by meal. The weather a concern. The forecast is for more rain. However the analysts don’t agree with the models. Again 530 million bu carry here. 98mln tons global. Knock three 3 million tons off. Now 95-96 mln tns. Still 30 million bigger than 2.5 years ago. Personally I …

Grain Spreads

Sean Lusk General Commentary Leave a Comment

As wheat and corn succumbed to some turnaround Tuesday action today, soy spreads particularly old crop/new crop bean and meal spreads posted new highs. The market has begun pricing in a weather premium that began on the Sunday night open as weekend rains failed to show up in Argentina. The forecast into the end of February according to European model …

Combustible ? : Natural Gas Futures

John Lunney General Commentary Leave a Comment

Natural Gas Futures      The Natural gas market has not been for the faint-hearted as of late. I must say that from the highs of the winter of 2016 the observable structure is a technical nightmare pulsing and swaying on a whim with no evident pattern in place. What I can say is that from those former highs the …