Below you'll find a list of all posts that have been categorized as “General Commentary”
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 …
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 …
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 …
Soy Complex Despite a bearish WASDE report Thursday from the USDA that showed a rise in soybean ending stocks by 60 million bushels, beans remain resilient. The rise in ending stocks is a direct result of a cut in exports by the USDA as China continues to shun the US favoring Brazilian bean cargoes instead. However strength in soy meal …
For the complete South America Grain Weather Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards rains underperforming in ARG and east central Brazil MJO still moderate as it goes into Phase 8. Again this sets up bias for Below Normal rains over ARG, Above Normal for Brazil especially east central Brazil. MJO 8 tends to counter impacts of …
For the complete US HRWW Grain Weather Issues Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards BELOW NORMAL (BN) Rains Plains/ WCB Jet stream pattern of shallow trough over North Rockies/Upper Plains/Great Lakes favor BN temps there / some BUT also favors Wet pattern for Delta, Deep South and lower WCB NO threat of any Arctic Air …
Silver Futures I have turned my attention to the silver market ,to some great lengths I might add, and in doing so I am left with both a bullish and bearish outlook. That’s a tough one to wiggle outta. Thankfully there are strategies that allows one to capitalize in the event of either outcome. To do this …
Live Cattle The April Live Cattle contract gap opened lower (124.55) on Tuesday, February 6, 2018 and recovered, rallying to test resistance at 125.50, making the session high at 125.625. It wasn’t able to hold the high and it broke down and traded down to make the low for the day at 124.30. The rest of the session was choppy …
`Soy complex While the majority of investor focus has been focused on the massive swings in the equity markets , and rightfully so I might add, the grain sector also came to life today with new highs scored in corn amid a vigorous claw back in beans, meal, and soy oil. The rally in my estimation was due to another …
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 …