FEB 16 Max temps 94-100f/ 34-38c over most of Argentina into Paraguay … 91-95f/ 32 -34c over western and central Brazil … mid 80s/ 28-30c over eastern Brazil. RAINFALL FEB 16-17 Most of Brazil was dry … only some light rains over 0.35″/8mm in northwest 25% of Mato Grosso and 0.25-0.75″/6-20mm over 70% of Paraguay. In ARGENTINA all of central, eastern …
For the complete US Grain Weather Issues Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what …
For the complete South America Grain Weather Issues Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly …
Soy Complex Weather fears regarding drought like conditions and its impact on future yields in Argentina drove beans and meal through key resistance levels this week. Beans rallied near 40 cents for the week while soy meal rallied $30.00 a short ton. Bean and meal spreads surged as well this week before some slight back and fill emerged throughout today’s …
March Japanese Yen Futures In the second week of December I wrote a bullish piece on the Yen market. I now contend that it has reached a fairly significant inflection point. This +/- .94 level represents a channel line projection and the .618 retracement from the highs of the summer of 2016. It also appears to me …
The market moderated today, However the meal still was the price leader. The balance sheet in Argentina is being reduced. The Brazilian crop size still needs to come up. The question going home, in my opinion is will rains develop in argentina. If not perhaps meal has another move. The bean stocks in south America remain high. The sales given currency …
Corn/Wheat While beans and meal continue their upward surge on dry Argentinean forecasts, corn continues to plod along establishing a new high print before settling back 2 to 3 cents from each high made. We have discussed a bullish case for corn in the long term for a myriad of reasons. (Chinese demand, lower potential US plantings, lower South American …
August Feeder Cattle I have spent some time studying the longer dominant time-frame charts in the August feeders. The style of top down analysis calls for this to be the first step in the process. From here one would address each smaller time-frame, namely the Daily, 240 minute and hourly. What is interesting to me is that they all …
Ok, the meal is rolling, the crush is rolling, Very high levels historically in meal on a relative basis. Oil share has been taking a pounding. This will continue until the Argentinian drought is broken. Beans are getting a ride on meals coat tails. The nov 18 has reached 1020. A price I have been saying presents opportunity. There is …
For the complete South America Grain Weather Report, CLICK HERE. SUMMARY: Argentina continues to have problems with moisture, all Brazil continues to have no problems and if anything too much. While there is no sign of the extreme heat coming back that I can see on the weather models for the next 7 to 10 days… there is no sign …