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 …
Grain Spreads
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 …
South American Grain Weather from WxRisk.com
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 …
US HRWW Grain Weather Issues from WxRisk.com
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 …
Heads or Tails? Silver Futures
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 …
Livestock Report
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 …
Grain Spreads
`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 …
Why Gold Is Not Benefiting From Being a Safe Haven
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 …
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 …