RIGHT NOW Argentina is clear this morning. Big storms are hitting southern and eastern Mato Grosso and moderate showers are falling over northern Bahia. GFS 1-5 & 6-10 DAY LINK The midday GFS model continues to show moderate to heavy rains over the eastern half of Argentina with similar rainfall amounts and coverage when compared to the Canadian and the …
Soy Complex
The Soy complex closed lower again today. Although it was a fairly uneventful session. Tomorrow the USDA will release a monthly report that should offer direction. The South American crop,especially Brazil continues to show a increase in the projected yield. The global supply will prove burdensome in the long run. The US projection for planted acres continues to get larger. …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …
soy complex john walsh
The Beans and Meal started higher today. Concerns over a port strike in South America was supportive. There is a regular occurance of these threats this time of year. In addition,rains in Argentina are viewed as supportive. The reality of the market is that the Southern Hemisphere crop is huge by all accounts. Not only Brazil,but the smaller countries as …
Walsh trading’s Weekly Grain Report
WalshWalsh Trading’s Weekly Grain Report March 3, 2017 Fund buying and the re-inflation trade dominated this week despite prominent analysts calling for larger South American grain stocks. The trade for the most part is eschewing supply/demand fundamentals as fund managers of all asset class types continue to use dips in the grain market as buying opportunities. The buying by managed …
john walsh soy complex
The soy complex has shown weakness over the last few sessions. The south american weather has been normal to good. The Brazilian crop continues to increase in size, while Argentina has stabilized in a respectable zone. Given the price relationship of beans over corn,it is estimated that domestic acres can climb significantly. The market is also mindful of a potential …
The Grain Report – 2/20/2017
March corn rallied to new highs last week, but ultimately settled the week 6 cents lower. There wasn’t any fundamental news event that triggered the late week fall, but rather the decline was a function of reduced speculative buying. Improving South American weather and a U.S. corn stocks/use ratio of 15-16% hardly argues for a net long fund position in …
The Grain Report
Trend and Index following funds bid up beans, corn, and wheat prices throughout the week with both wheat and corn reaching their best levels since last summer. Beans finished the week 33 cents higher, corn gained 9 cents while wheat finished the week up 19 cents. Beans opened the week higher rallying off of weather concerns of too much rain …