Many will wonder with all the market turmoil why the price of gold futures has not also risen commensurately over the last few sessions. The issue here is with the pressure of the U.S. Dollar. As the currency of last resort, the U.S. dollar has seen recent strength as global equity markets tanked on Friday and Monday. While the equity …
Bloated ?: May Feeder Cattle
May Feeder Cattle The rally in the feeder market which commenced in the later part of 2017 seems to have completed a subset a-b-c advance. Furthermore the overall structure stemming from the fall of 2016 appears to be a complex W-X-Y-X pattern which is not yet complete. The missing leg would call for an advancing A-B-C pattern …
Ag Potentially large changes on horizon
The markets witnessed pressure all day despite the continual news about potential dry weather in Argentina. It is my opinion we are on some major changes in the Ag markets. looking at some of todays developments. The Chinese today put a halt to Sorghum purchases. This could delay up to 1 billion in purchase orders,shipments. Many speculative reasons. Perhaps the …
US Grain Weather from WxRisk.com
For the complete South America Grain Weather 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 …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather 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 …
Grain Spreads
Soy Complex Both soybeans and soy meal gave back early weekly gains as wetter forecasts in the 6 to 10 day forecast in Argentina emerged. While persistent dryness accompanied by heat has been constant in the central and southern growing regions of the country, both bean and corn crop crops are only in the beginning stages of development. This leaves …
waiting on a trend Ag
The Soy under pressure again today. The weather was the driver. looking at next week. The USDA report will be awaited. Look for growing domestic carryover. This confirms a lackluster export lineup. The talk is the Brazilian crop is much,much bigger than the USDA has plugged in. If confirmed global numbers regardless of Argentina surpass 100 million mt. Unprecedented. The …
Did… did you just double dip…? : Dollar Futures
US Dollar Futures The Dollar futures have been on a slide. They managed to sneak in a few minor bounces but nothing with any teeth.The structure of the decline appears to be a series of impulsive moves that,in my opinion, is not complete. I see one or two more lows ahead of us which will ultimately bottom out …
Ag Overall- Be Ready
As I have mentioned. It is my belief the dollar has a major impact on what we are witnessing in terms of price. The recent break (dollar) has everyone bulled up commodities. Lets look at this for a minute. In 2008 the dollar was at 70. We rallied to 104 last year. Now we are correcting a bit. In 2001 the dollar …