The markets are bouncing today. It has been a fairly steady up day with beans,meal and oil all advancing. the market is digesting the recent break. Also, the thought that perhaps a bit of dry weather is in front of us. The reality to me looks as though ample moisture has fallen all over and a few areas remain dry. …
Ag Commentary
weather weather weather. The market was quiet today after the recent weakness. The forecast has turned a bit drier for the 6 day. The crops have had ample moisture in most areas. The conditions are doing fine. given the recent usda estimates the market will head lower baring any unforeseen issues. A couple things to watch. Oilshare is hovering in the …
Ag Commentary
The markets were lower today after a weekend of fairly reasonable rains. The western belt is now receiving a better flow of moisture and this is expected to continue over the next 10 day period. The crop condition ratings showed a 1 % decline week on week. This may offer a small bounce overnight and on Tuesday. The long term …
Ag Commentary
The august crop production report was somewhat of a game changer. There were surprises to the market. The biggest surprise to many was the increase in yield from the july report. The usda estimated the yield at 49.4 bu to the acre. Given the increase the new crop ending stocks swell to 475 million bu. In addition, the global carryover …
Ag Commentary
There is not much to say going home tonight. The market was essentially either side of unchanged all day. the USDA will release its report on Thursday. This will drive direction in my opinion. There is question regarding production and demand and what the government will do. The weather also remains debatable. The Midwest has received ample rains hence the …
Lines, Olives; Dow, Grains, Bonds, Notes, HOGS LIVE also.
If a chart speaks 1,000 words this is a mouthful for clients that trade anything on the planet as denoted in this am’s charts. I think this is the type of ‘entertainment that is worth admission here at Walsh Trading. See am voice comment Now is the time (to get the account open if this appeals to you with these …
Grain, Meat, Wheat buy hit
Good day, LIVE SIGNAL -Wheat as posted last week hit some levels to pay attention if one need wheat. Don’t hedge wheat down here, Sept wheat last week now appears to have held although not out of woods so use stops if you play it tight like I do. If you can risk a dime risk then this was your …
Ag Commentary
The beans and meal market had a healthy bounce today. The weather over the weekend was mostly as expected. Moderate rainfall with certain areas not receiving any. There is some disagreement as is true every year. The areas that have received rain are showing improvement.The dry areas which have shrunk,are sitting and waiting for the rains that will aide the …
Weekend Wrap Grains
I was walking to the train this am and my brain was thinking first frost. It is just the way a real trader brain works in my opinion. I am always early which can be detrimental because a trader has to guard but an asset to a customer. BEANS CORN AND BEAN WHEAT are both at even money which can …
Ag Commentary
The market overall was weaker. The weather has moderated and some timely rains have helped to show improvement for the beans. Next week condition ratings may very well show more improvement. The big question now will be the western belt and weather or not rains are received. The oil share has gained of late. Currently at approx. 35%. These trends may continue …