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
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
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 …
Buy Grains sell meats ? long term.
Game on volatility picks up everything. What is your game plan? Need one? Disclaimer- While I have traded meats I am no expert and do not pay attention to fundamentals because they carry those people out now for years (inquire) but if cattle and feeders can top here they probably did yesterday I posted the 1150-am-ish voice comment citing olive …
Ag Commentary
The Soy Complex was pulled up early be the strength in feed grains. The settlement indicates an uncertainty in the market. The weather looks pretty good in many areas. Concerns over dryness in the Dakotas has the market wondering what could force the funds from their positions. Combined the beans,meal and oil is a large short position. The market will …
Grains up, Meats, Coffee beware
Several markets live today and this past week. Soybeans after very near miss of 9.07 buy support we hit 932 resist of last few bull markets hidden trendline. If you bought break new low stop under 9.05 is my take. Meal and bean oil have both hit support by ticks. This very well could be the momentum driven oilshare which …
Ag Commentary
The summer market has begun. Volatility will be a part of the equation as mentioned before. The rally today was sparked by concerns over a modest amount of heat in certain parts of the country. Also the Dakotas need some moisture. Overall a fairly normal start of the bean planting window.The corn acres are a question and additional bean acres …
Windy City Jim’s – Daily Trade Recommendations (05/31/17)
Futures Day Trading Signals (Thursday June 1, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Wheat Previous Closing Price : 429 1/4 …
Ag Commentary
Quiet day overall. The markets settled either side of unchanged. We have pushed to lows not seen in approx. one year. To break through may need to take some more bearish news. Although the weather looks fairly decent. The talk in the arena is that 1-1.5 million corn acres are due for replant or switching. In addition the Chinese market, especially …
Bears slapped Grains?
Aug gold- late add so I put on this page from mid morning. I think once thie US dollar starts sloshing, like today down 3% it may unleash markets we have not seen in decades. Macro speaking bu don’t rush to sell Bonds as crosscurrents too many to list. Gold now has to get over this 1288 black …