The Soy was trudging along higher today based on weather outlook. The new crop bean, November, have reached my target range 10.10 to 10.20. The latter not reached today. The meal was the early strength of the products. The concern there is with a 52 million mmt crop in Argentina the crush will suffer and the meal exports will suffer. …
Pitching Pennies: March Copper Futures
March Copper Futures I wrote an article last week discussing my views on the copper market. I stand by what I said in stating that this copper run stemming from the lows in early 2016 is close to running its course. That being said I believe it has one more gasp higher before the luster wears off. Today’s …
Huge Moves in Metals After Dollar’s Plunge
Daily Gold Commentary January 24, 2018 The U.S dollar tanked this morning after U.S. Treasury Secretary Steven Mnuchin said that a weaker U.S. Dollar is good for trade and is not concerned about it over the short term. This is now the worst start to the year for the dollar since 1987 giving strength to precious metals. U.S. existing home …
AG Alert
There may be a significant shift going on with respect to the CORN BEAN relationship. Looking at Corn first, I indicated yesterday we may be putting a low in the market at present. The reasons are compelling and just being realized. The Southern hemisphere between Brazil and Argentina are experiencing crop losses. To the approximate tune of 11 million tons …
Broken Record : March Corn Futures
March Corn Futures The corn futures have painfully languished near the lower end of the range stemming from the 12 cents slip in the early part of last November. The historical volatility of the corn market rests near a three decade low. I have employed time cycle analysis to its long term price charts and it has suggested …
Grain Spreads
I have been fielding a lot of calls lately asking my opinion on corn and if its ready for an upside breakout or a new leg lower. For the better part of two months the market has traded in a 15 cent range from low to high, but in reality the range been has within 10 cents. Those anticipating or …
Ag Opportunities
SOY The Soy Complex has been supported by the weather in Argentine. A continued call for mostly dry conditions over the next couple weeks has the market concerned. a couple releases of late. Private company Informa announced their estimates for bean acres at 91.2 mln , this is one million more than last year. they look for a 2018/19 carryover at …
South America Grain Weather Issues from WxRisk.com
For the complete 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 hedgers and investors should …
US HRWW / South America Grain Weather Issues from WxRisk.com
For the complete 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 hedgers and investors should …
Grain Spreads
Soy Complex Soy meal has led the wave higher in the soy complex and has been the catalyst for outright beans to rally amid short covering. March beans traded up to a five-week high at 987 before pulling back to close at 984.4. The rally in both meal and beans comes on two fronts. In beans, managed money as of …