Juice- Freshly Squeezed Longs? Cat Caterpillar pays 4% income tax! Front page WSJ but fear still, they pay it to Switzerland! No money to US coffers for mundane things like Amtrak Bridges or schools. These GCI’s are the ones that say 39% Corporate is so high in US. Are US citizens being hurt by tax evasion? Jury out. This …
Livestock Levels
Live Cattle The February Live Cattle contract started the New Year on a high note, opening (122.25) above the Friday settlement (121.55) and never looking back. The Tuesday, January 2, 2018 trade took its cue from aggressive buying late Friday in the cash market. Live sales took place at 123.00 and dressed sales came in at 195.00. This was 3.00 …
Gold Continues Rise in First Trading Day of 2018
Gold Continues Rise in the First Trading Day of 2018. Happy New Year! A fall in the dollar and increased inflation expectations pushed gold higher in the last week of 2017 leading to the highest close in 3 months with the gold spot price returning over 13% in the full year 2017 marking the second year in a row with …
Long Bonds Start Year Off With A Bang
2017 saw very tight trading in most of the interest rate complex .The thirty year bond buoyed by curve flattening had a net change of only a little over two points. In comparison just today selling has knocked down the price over 1 and 1/2 handles and may turn out to be significant. Growth ideas seem to be back in …
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 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
The final trading session of 2017 was relatively calm in the grain markets as traders evened up positions ahead of month, quarter, and year-end. We noted earlier in the week that managed money funds in the soybeans have gone from a net long to a net short in the market. The bean oil market after being long over 100 K …
Robusto: March Coffee Futures
March Coffee Futures The March coffee futures appear to poised for further gains going into the New Year. Commencing from the December 12th low of 118.30 the first leg higher appears to a leading diagonal formation which are not all that common. Further more the decline from the fall of last year hardly seems sustainable and the recent …
Ag Outlook
The soy closed higher today. The market has had a reasonable break through December. Perhaps we will bounce a bit into the next usda report. The reality is there are a lot of beans available in the world. The weather overall in SA has been reasonable with a few areas that are a bit stressed. Most private analysts are expecting …
Long Bonds Finish Up Year Still Locked Within a Range
The Bond market has had a very quiet finish for the year. Since 2017 was generally pretty tight with annual high to low the narrowest in years it’s a fitting close. Yields are approximately 2.75 for thirties and 2.40 for tens. Will 2018 break things loose a bit is the big question. Major keys will be how economic activity reacts …