Traders/ farmers etc… Be advised that the midday 12z TUES GFS model is halfway through its model cycle and it is somewhat weaker with the rain over Iowa over the next three days… but when compared to what was showing at 0Z and 6z GFS Model runs. The model is unchanged with respect to rainfall amounts over central and eastern Missouri and …
Tuesday AM US Grain Weather Update
TUESDAY AM RADAR The Tuesday morning radar shows a couple weak storms over southeastern Minnesota and far northwest Wisconsin and some scattered light rain showers along the border of North and South Dakota. There was a third group over the southern portions of Louisiana and southwest Mississippi into central Alabama with the coverage of 40%. FAST EAST LOADING RADAR MONDAY …
Head Fake: September Soybeans Complex
September Soybeans A violent overnight spike followed by substantial rejection plays out in the bean market today. Contract peaks above 10225-1026 resistance level discussed in yesterday’s post only to get punched in the chin as prices retrace all gains and decline into negative territory. Cross zone support at +/- 999 gives way in afternoon trading and prices go …
Full US Grain Weather Report and Sunday Afternoon US Grain Weather Update
For the Full US Grain Weather Report, CLICK HERE. Sunday Afternoon US Grain Weather Update PM RADAR – CLICK HERE TO SEE FAST LOADING RADAR The national radar 4:00 PM CDT shows almost no significant activity over any portion of the central or upper plains and the WCB regions. There are numerous small scattered showers and thunderstorms over central and …
Currency Yen Crosses
Yes of course Walsh covers currencies by ARP for those of you so inclined. It may be I am reaching out to a VIP due to email problems or that some of US are on vacation. Here are a few charts since I looked at these futures. Brazil is also at a small olive indicator so do not get bulled …
Early Week Action: Soybean Complex
September Soybeans The contract looked vulnerable at the end of last week and they showed that by gaping lower to 1004.6 below channel-line support. Prices breakdown to 990.6 peaking below speed support line spoke of in Friday’s posting. Level holds and contract recovers to finish at 1002.4. I believe the structure still points to lower prices. …
Macro Monday
Grains- Weather moderates and grains of course are lower. While there should be a rally into August is my guess right now we have to shake the tree. If Farmers have not sold any grain on that 11% soybean 11 day rally, then you need help. Meats- Watch levels cited were funds head for the exits. Coffee- voice last week …
Friday Midday US Grain Weather Report
FRIDAY MIDDAY RADAR The afternoon radar shows moderate showers and storms over northern Iowa and southern Minnesota and are now moving into southwest Wisconsin. The short range models show that a second area of showers and storms will be increasing over central and northeastern Iowa during the afternoon and evening hours. Some of these storms could become severe and NWS has issued …
Weekend wrap
Good Morning Farmers, Commercials and Traders, Part of being a successful trader requires having levels that you confident about, followed by a trading methodology that allows you to shoot bigger with a tighter risk profile. Last month gave a precise example with soybeans where, for instance if you were a 10 lot trader you might buy 5 @ OLB#1 thin …
Weekly Gold Report
Gold finished the week with its biggest weekly gain in two months on Friday. August gold futures settled 1254.9, up $27.10 for the week. September silver settled 1645.5 up .52 cents for the week. The rally this week comes on two fronts. First, a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders …