The
The world still needs to eat even when facing economic upheaval and uncertainty………………What may be certain is that our Federal Reserve likes to be in charge………..They made us smell the glove yesterday giving the announcement that rate hikes in the coming year are still in place despite the recent market action which signals a slowdown………………..
Grains are testing support levels despite the recent spate of corn and bean business with China, Mexico and Japan as bean and feed grain production appears to be growing a bushels each second …………….We still sense that there’s no urgency for end users to load up and take extended coverage , and then some more, as the South American weather situation is still conducive for corn and bean development but, we are near decade low prices and the weather can turn quickly! Spreads,other than wheat, might still be on the defensive given the large stocks and increasing cost of capital……………Resistance might be expected at 533-536 WH, 386 CH and 916 to 920 SF……………………
Please remember that we are closing early on Monday and will be closed on Tuesday as we celebrate Christmas!
The information contained on this site is the opinion of the writer and obtained from sources cited
within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.
Join
My Mailing List
Steve Bruce
Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax
[email protected]
www.walshtrading.com
Walsh Trading
53 W Jackson Suite 750
Chicago, Il 60604
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the
Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for
all investors. Therefore, individuals should carefully consider their financial
condition in deciding whether to trade. Option traders should be aware that the
exercise of a long option will result in a futures position. The valuation of
futures and options may fluctuate, and as a result, clients may lose more than
their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF
FUTURE RESULTS.
All information, communications, publications, and reports, including this
specific material, used and distributed by Walsh Trading, Inc.
(“WTI”) shall be construed as a solicitation for entering into a
derivatives transaction. WTI does not distribute research reports, employ
research analysts, or maintain a research department as defined in CFTC
Regulation 1.71.