Live Cattle The February Live Cattle contract spent Wednesday, January 3, 2018 trading within the Tuesday range. Price opened (123.325) above but couldn’t stay above the 123.125 key level. It made the session high at 123.35 (just below the Tuesday high at 123.50) and made its way lower, trading to the low of the day at 122.35 (just above the …
Grain Spreads
Soy Complex Calendar spreads in both corn and soy continue to trade sideways as old crop versus new crop spreads haven’t offered much in the way of longer term opportunity. The July/Nov 18 Soybean spread continues to trade at a slight inversion but with recent blips up to 10 cents over have been met with selling. This tells me the …
Large Ag moves. Where are they next ?
There exists the potential for a couple large scale opportunities in the near to medium term in my opinion. As always quantify the risk one is willing to take. The oilshare is one longer term large scale opportunity that can unfold. With the global market awash in soy, and with crush margins at lofty levels, the incentive to crush is …
Juice- Freshly Squeezed Longs
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 …