Ag Where to from here

John WalshGrains

The Meal and Beans eased today. The rally may be a bit long in the tooth. The current weather scenario seems to be dialed into prices. Will the crops deteriorate further. Looking at the long term for beans. I have said use this rally to hedge old crop. The November 18 has given ample opportunity to start a program there …

AG

John WalshGeneral Commentary

SOY COMPLEX The weather in Argentina remains dry. The Brazilian crop is a bit wet in areas. The market has a couple questions to answer. First, what is the actual Argentinian crop size. Second, does it matter given the tremendous growth in carry over the past three seasons. The US may see an uptick in either bean or meal exports. Most …

Grain Spreads

Sean LuskGeneral Commentary

Soy Complex Old crop/New crop bean and meal spreads continue to trade higher this week as managed funds continue to push both outright beans and meal higher. The catalyst for this rally has been the lack of rain in Central and Southern Argentina. Drought there goes back several weeks with many prominent crop scouts continuing to cut the soybean crop …

Weather

Full US HRWW Grain Weather Report from WxRisk.com

walshtradingGeneral Commentary, Grains, Weather

For the full report, CLICK HERE. The full report contains a 30 day forecast. SUMMARY To say that the overall pattern across North America has turned extreme would be an understatement. The current pattern features a massive trough over the western third of the country and an equally strong massive ridge over the eastern third of the country. As a …

Live Cattle

Ben DiCostanzoGeneral Commentary, Livestock

Live Cattle The April Live Cattle contract made a new high (127.95) for the up move on Tuesday, February 20, 2018. That is the only positive aspect to the day’s trade. It broke down from the new high and tested support at 127.15, making the session low just above it at 127.20. It grinded higher and touched the high then …

Weather

Intermediate Late Sunday Night S American Grain Weather from WxRisk.com

walshtradingGeneral Commentary, Grains, Weather

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 …

Weather

US Grain Weather Issues from WxRisk.com

walshtradingGeneral Commentary, Grains, Weather

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 …

Weather

South American Grain Weather Issues from WxRisk.com

walshtradingGeneral Commentary, Grains, Weather

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 …

Grain Spreads

Sean LuskGrains

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 …

The Last Samurai : Japanese Yen Futures

John LunneyGeneral Commentary

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 …