Ag Commentary

John Walsh Grains Leave a Comment

Soy Complex The soy complex exhibited further weakness today. The market continues to digest the USDA numbers which were decidedly bearish. Not only the potential planted acreage was larger than anticipated, but also the stock number was larger as well. This indicates a larger crop than last year. The trend continues of higher yields due to genetics. This trend remains …

Currency comment 4/3

Steve Caldwell General Commentary Leave a Comment

We saw a quiet trading session in currencies on Monday. Dollar up slightly, foreign currencies slightly lower. U.S. stock indices moderately lower; bonds higher. Most eyes are on Washington this week as the main story is over the battle between Democrats and Republicans on the question of the next Supreme Court member. Democrats say they will filibuster the nomination of Neil …

Ag Commentary

John Walsh Grains Leave a Comment

The USDA released stocks today and acreage today. The report has potential long term ramifications. The acreage is 6 million acreas higher than a year ago and 1 million more than anticipated. This is a very large number and if realized will increase the carryover to 550-600 million bushels. This with the already burdensome global availability can spell lower prices …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Live Cattle June Live cattle made an attempt to rally on Wednesday, March 29, 2017 trading past the previous two days highs and then reversing course and closing near the day’s low, making a doji candle. Thursday’s trade saw the June contract breakdown from the low of the doji, right from the open. It also took out the low of …

Equities bounce back

John Weyer General Commentary, Stocks Leave a Comment

The stock market moved higher along with the US Dollar , as Treasuries moved lower on Thursday.  Dow futures were up 69 points, and the S&P 500 futures closed up 8.25 , able to move out of the horizontal trading we saw on Wednesday. Dow futures narrowly missed touching 20,700 again putting in a high at 20,694. The index came …

Currency comment 3/30

Steve Caldwell General Commentary Leave a Comment

The dollar continued to rally Thursday. This was the third day of rally in the dollar after the heavy selling seen on Monday. The Euro currency was down heavily. The British pound was up moderately as traders reacted bullishly to the filing of Article 50 by PM May on Wednesday. U.S. equity indices were higher; bonds were lower. Investors are cautiously bullish …

Ag commentary

John Walsh Grains Leave a Comment

The Soy Complex continues to erode based on the long term fundamental outlook. The question remains regarding acreage. The south American crop continues to expand pushing exportable supplies into the supply chain. If the usda shows the estimated acreage increases the domestic supply and the global supply will be at or very near record. This will leave the price of …

Sideways trading dominates the day

John Weyer General Commentary, Stocks Leave a Comment

One step forward, two steps back Dow futures closed down 36 points Wednesday, after a quiet consolidated session. The futures were limited to a 100 point range, with most of that taking place in overnight trading. The day session saw a lot of back and forth trading, staying in an even tighter range of 60 points for the entire day. …

ag complex

John Walsh Grains Leave a Comment

The soy complex awaits the usda planting report on Friday. The market has a lot to digest. The south American harvest is moving along nicely. brazil exports are moving at a brisk pace. This will continue as the US market share is expected to dwindle. The Chinese purchases going forward will be booked mostly from the southern hemisphere.  If the …

Windy City Jim

Windy City Jim – Daily Trade Recommendations (3.29.2017)

Jim Walters General Commentary, Grains, Livestock Leave a Comment

Futures Day Trading Signals (Thursday, March 30th, 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 : May Sugar Previous Closing Price : 1712 …