Thursday Macro wrapup, Oilshare etc.

Alan PalmerGeneral Commentary, Grains, Livestock, Stocks

Farmers and Traders, Speculators and day traders, Something for everyone so if your serious about trading let’s chat on how I can clean up some of your slop (slippage).  The patterns my high end software that can help my customers detects consecutive patterns for a host of reasons. 1. Stay out of the way like meats on way up. 2. …

Ag Commentary

John WalshGrains

The soy complex traded both sided of unchanged. The weather has moderated, with more rains received than anticipated. The big story of the day was the gain in oilshare. The crush was approx. 6 million larger than anticipated. The oil stock are 200+ million lbs lower than a year ago. This plus the general strength in vegoil markets helped the gains. …

Ag Commentary

John WalshGrains

The markets are awaiting a change in the forecast. Tomorrow we will receive Nopa crush estimates. This time of year can be frustrating due to the uncertainty. As said all along the markets are in a bearish macro move. The question now is if the trend will resume or a weather market will play out and cause a yield reduction. This could …

Ag Commentary

John WalshGrains

The market was fairly quiet after a higher opening. The weather is moderating. More rains are being received. Some long range models are looking for more rain. The flat price will work lower when the market is comfortable with the moisture situation. My focus now is on the oil share. this presents potential opportunity. as discussed the veg oil has a friendly …

Ag Commentary

John WalshGrains

The weather over the weekend was Hot, but not hot enough. Dry, but not dry enough. There were a few more scattered showers than anticipated. The temperature was not as stifling as anticipated and today we break.  Now we will take a look at condition ratings, The corn will move backwards. The beans may not start as well as last …

Inflation plays bustling short meats long grains

Alan PalmerAsset Management, Energy, General Commentary, Grains, Livestock

bustling markets from buy nov beans sell dec wheat ratio, -37c was support, another near miss buy level.  Do you think people are waiting in the wings to buy? (chart order challenged but levels posted last few weeks.  Olive’ line is powerful.  Illustrative purposes in charts, patterns.  The 7’s also appear a lot and have good meaning if you like …

Ag Commentary

John WalshGrains

The usda released the June report today. It is important to note that the one thing now that matters to participants is the weather. Until the forecast has a meaningful change the need for risk premium remains. The numbers on their own are bearish. Record global production. Growing domestic carryovers. This before we see a acreage shift. The avg guess …