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 – The Models over the weekend and this Monday morning have NOT changed at all. The lack of ANY rain over 0.50″/ 12mm over any portion of Argentina over the next 10 days is really quite remarkable. The 11-15 day operational or regular GFS model does bring some …
For the complete US HRWW Grain Weather Issues Report, CLICK HERE. Summary: Drought conditions over most of Plains/Delta worsening weekly. Midwest is in good shape, but Missouri is not. Recent and next 30 day rainfall and temps are presented along with an overview of La Nina. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain …
March Soybeans The structure of the bean market is a tricky one to label accurately. There are a few alternate scenarios that I see. I’m currently favoring the bullish one based on the nature of the recent advance which commenced at the 944 ½ low. That clearly appears impulsive in nature. We have achieved the first target level of +/- …
Live Cattle The April Live Cattle contract gap opened higher on Monday, January 29,2018 and traded to the high of the day at 126.125, this is just below the Thursday high at 126.30. The Failure to make a new high led to a selloff which took price down to the session low at 124.80. It ended the day at 124.90. …
Live Cattle The April Live Cattle retraced most of Thursday’s losses on Friday January 28, 2018. It traded past resistance at 124.70 but ended the session just slightly below at 124.60. This will be the key to trade on Monday, in my opinion. Trading above here could lead to a test of resistance at 125.50. Continuing from here could see …
Soy Complex Both beans and meal exhibited some back and fill the last two sessions of this week but nevertheless finished higher on the week. Since the Jan 12th crop report beans rallied from low to high 57 cents, while meal rallied 38.5 handles or short tons before profit taking occurred. March beans settled at 9.85 while March soy meal …
Lets start with the dollar. $ There exists today a global battle for currency supremacy. The US has for a very long time controlled pricing, controlled deals, and actually has their hand in much global trade due to the fact all commodities are priced in US currency. Today as some of these countries gain more power they question why they should …
March Copper Futures I wrote an article last week discussing my views on the copper market. I stand by what I said in stating that this copper run stemming from the lows in early 2016 is close to running its course. That being said I believe it has one more gasp higher before the luster wears off. Today’s …
Daily Gold Commentary January 24, 2018 The U.S dollar tanked this morning after U.S. Treasury Secretary Steven Mnuchin said that a weaker U.S. Dollar is good for trade and is not concerned about it over the short term. This is now the worst start to the year for the dollar since 1987 giving strength to precious metals. U.S. existing home …
March Corn Futures The corn futures have painfully languished near the lower end of the range stemming from the 12 cents slip in the early part of last November. The historical volatility of the corn market rests near a three decade low. I have employed time cycle analysis to its long term price charts and it has suggested …