The markets are awaiting a change in the forecast. Tomorrow we will receive Nopa crush estimates. This time of year can be frustrating due to the uncertainty. As said all along the markets are in a bearish macro move. The question now is if the trend will resume or a weather market will play out and cause a yield reduction. This could …
Wednesday AM US Grain Weather Report
WEDNESDAY AM RADAR — CLICK HERE TO SEE FAST LOADING RADAR There are storms over far eastern NEB and over central and eastern IA… and over northwest ND into southeast corner of Saskatchewan. TUESDAY MAX TEMPS – 70s over ND, east MT, east WY, north MN… 80s over south MN, WI, SD, western NEB, east COL and over southern IND & OH, south …
Wheat Long Term Forecast: Wave Theory Applied
I spent the better part of last night analyzing the current wave patterns in the wheat market. Breaking it down in classic top down fashion. That is, starting with the monthly charts and working down to the short term daily charts. This is the only way to see the dominant forces at work and to better position ones self for the …
Tuesday PM US Grain Weather Report
TUESDAY PM RADAR — FAST EAST LOADING RADAR The midday radar shows thunderstorms over north western Wisconsin and scattered showers and thunderstorms over southeastern Wisconsin … and 50% of Indiana, Ohio, eastern Kentucky, West Virginia and western North Carolina. There are additional widely scattered showers and storms over 30% of southeastern Texas, Louisiana, southern Arkansas and 50% of southern Mississippi and …
July Soybean Complex: Making Sense of It
July Soybeans As touched upon in yesterdays post I have observed reappearing wave structure characteristics in the agricultural products as it concerns to the layout of correctives patterns. In todays action I believe we have witnessed the extreme of a second wave in a five wave pattern at 940.0 If this is correct it should be followed by an impulsive wave (3) to the …
Windy City Jim’s – Daily Trade Recommendations (06/13/17)
Futures Day Trading Signals (Wednesday June 14, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : July Soybeans Previous Closing Price : 932 1/2 …
Ag Commentary
The market was fairly quiet after a higher opening. The weather is moderating. More rains are being received. Some long range models are looking for more rain. The flat price will work lower when the market is comfortable with the moisture situation. My focus now is on the oil share. this presents potential opportunity. as discussed the veg oil has a friendly …
Tuesday AM US Grain Weather Report
TUESDAY AM RADAR – The Tuesday morning radar shows strong thunderstorms and heavy rains over the eastern portions of North Dakota into northeast South Dakota and west central Minnesota. Additional showers and storms can be found over central and southeastern Wisconsin. There are some small thunderstorms across central Ohio which extend into West Virginia. FAST EAST LOADING RADAR MONDAY MAX TEMPS …
Crude Oil: Double Three B Wave
Spending some time analyzing the current state of the unfolding wave pattern in the July Crude Oil contract leads me to believe we are witnessing a double three corrective B wave. Laying out the expected pattern points to a violation of the recent low put in on April 5th of this year at roughly 43.90. Extension levels and retracement points converge …
FED hikes, Dow up $500 ? It’s show time.
Good Morning, As we approach qtr end #2 17′ we see back and forth immediate turns in grains based off my macro trend lines in the Ag’s. Algo’s play these if you look, hashed are longer term and for that type trader. Day trader’s- over line, you buy go home flat but rules here also. Long term- Buy this break …