Grain Spreads: KC Wheat

Sean Lusk General Commentary, Grains Leave a Comment

Commentary The major news this week and what the Trade was watching in my view was the deal allowing Ukrainian grain exports from Black Sea ports was extended for 120 days from Nov. 19 without any changes. United Nations officials told Russia they were “fully committed to removing remaining obstacles to exporting food and fertilizers” from the country, though there …

Grain Markets Commentary

walshtrading General Commentary, Grains

CORN The corn market worked higher all day. The impetus today was the Russian suspension of its participation in the UN brokered export agreement with Ukraine. This situation may well be fluid and could change at any minute. However, at present this is a friendly input. In addition, parts of Argentina remain to dry. This is pause for planting concerns …

Economic Commentary

walshtrading General Commentary, Grains

EQUITIES The equities are pausing after the recent strength. The market marked a near term low and has performed well over the last couple of weeks. This may prove to be a rally in a macro bear market that is presenting an opportunity. There are numerous releases and political influences on the way. The Fed will continue their interest rate …

Soy & Corn Market Commentary

walshtrading General Commentary, Grains

SOYBEANS The bean market was under some pressure again today. The main reasons for the decline. The bean sales are slowing. The Chinese purchases overall are lower. In addition, harvest weather looks fairly good overall. The dollar rally has and will have an overall impact on commodities going forward. The dollar rally is sincere and is not a fleeting scenario. …

Soy Market Commentary

walshtrading General Commentary, Grains

SOY The beans were lower early based on the weather. In addition the conditions improved 1% yesterday. This is falling in line with the USDA projections for the overall crop. The weather this past week indicates that an increase next week may be probable before the end of summer weather kicks in. The point. The bean crop is a bit …

Soy & Corn Market Commentary

walshtrading General Commentary, Grains

SOY The beans came under heavy pressure today. The weather has shown improvement. In addition, it appears the Pro Farmer tour has confirmed a record or near record crop. The concerns are also present related to the Chinese demand going forward. The US does have a window at present for exports. However, the South American crops in general are looking at a …

Market Commentary

walshtrading General Commentary, Grains

GENERAL – The state of the economy in my opinion is tenuous at best. There remain real concerns domestically, in Europe, and in China. The Chinese are attempting to lift the sagging real estate market through various measures. There are real long term consequences at play from China, in my opinion. The US has its own band of concerns. The …

General Market Commentary

walshtrading General Commentary, Grains

MACRO MOVES STOCKS (futures) – The S & P, and the Dow are up approx 10% from the recent lows. This is optimism based on the moderation in inflation. The moderation again is coming at 40 year highs in inflation. The pundits are predicting that the interest rates will be lowered next year. The probability is that the Fed will raise …

Soy & Corn Market Commentary

walshtrading General Commentary, Grains

SOY The sheer size of the market at present. Specifically what I mean as size. The value of the contract. The beans are worth in the nearby 75,000.00 dollars. This will continue to give big volatile moves. The risk is elevated accordingly. Take caution. Having said that, the beans rallied today as they were due a bounce after the recent …

Soy Market Commentary

walshtrading General Commentary, Grains

SOY The market has been under pressure the last two sessions. The USDA report was bearish. A bit bearish looking at the domestic numbers. The global numbers were the second largest on record with a very ample stocks to usage ratio. In addition, although the crop conditions declined again nominally. The weather has turned beneficial at a key time. The …