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 …
Soybeans auto-pilot sliding, $907 hiding.
Good Day Trading community Macro- soybeans making multi year lows. Farmers long and this is going to make people think into qtr end 2 17′ as clear skies mean planting. What crop never got planted? They all did. SN- $9.07 could provide some interesting action. It’s a buy 1st time down, maybe tonight. Fundamentals bearish. How to read charts- Under …
Ag Commentary
The soy complex came under slow steady pressure today. There is a lot going on to consider. The weather domestically is important, but it is early still for the bean crop. The question now is will the corn situation worsen ? Will corn acres be left unplanted due to insurance. The guess is a modest amount of bean acres will be …
Oilshare-Beans meal, vertical down Stocks Vert UP.
In my view Stock bubble now in force, 1987 anybody? Aug 26th was it? Soybeans last few days had some fund guys trying to hold up this pig that is showing its true colors today, auto pilot selling next few days. Meal also. My timed interday meal (the way they hide it from you) has just gapped down explicitly when …
Ag Commentary
The markets are marking time. The weather is a bit wet. The calendar is a bit early to get to concerned in beans. The fundamentals remain bearish if the planting is completed and a trend yield is achieved. The Global picture is changing a bit. The Chinese meal market is showing signs of sincere weakness. Crush margins are taking a …