Gold posted its first weekly loss in five as an unrelenting rally in the stock market and a strong bounce higher in the Dollar have longs exiting their positions ahead of next week’s FOMC meeting and subsequent decision on rates. Gold has for the most part hung in there with this recent rise in equities but as savvy investors realize both markets …
Ag Commentary
The usda released the June report today. It is important to note that the one thing now that matters to participants is the weather. Until the forecast has a meaningful change the need for risk premium remains. The numbers on their own are bearish. Record global production. Growing domestic carryovers. This before we see a acreage shift. The avg guess …
Thursday Evening US Grain Weather Update
LATE DAY RADAR – CLICK HERE TO SEE FAST EAST LOADING RADAR There are showers and weak storms over northeastern Nebraska and north central Iowa with about 30 to 40% coverage and widely scattered showers over northeast Wisconsin and south central Kansas. Moderate rain showers over Central Colorado. 1-5 DAY = The weather model agreement all the next 5 days is …
Drought or Macro 8% move the norm?
Grains- Summer Low’s may be in, possibly beans and meal go back down but this is my 34th weather market so strap it on, “it’s getting hot in here.” Meal could be the best sell, spreading-wise against a few. Crush for soybean oil and by-product soy-meal could become the weak sister. 307-ish now but just spiked down on 6,000 contracts. …
July Soybeans: Wave Structure Analysis Applied
July Soybeans Soybeans pressed higher thru projection and resistance zones mentioned in yesterdays post. Because of the sloping quality and time factor effecting these levels one must be careful of attempting to pinpoint exact trade location and also be willing to minimize risk. Trading is like fishing in a sense. The minor drawdowns you incur are comparable to the bait you lose …
South American Weather Focus
For the complete South American Weather Focus, CLICK HERE.
Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE.
Thursday AM Grain Weather Update
MID MORNING RADAR — LINK TO FAST EAST LOADING RADAR Thursday morning radar shows not a lot of activity. 95% Midwest is completely dry & 90% of the Plains. There is some widely scattered showers over northeast IA into southwestern & central WI in a thin band & a 2ND area of light to moderate showers over sw KS which …
Long on events , short on reactions
Lots on the agenda If you looked on the calendar today, you might have seen the following schedule; ECB Decsion, UK Vote, Comey Testimony. All had the potential to send the markets on a run, in either direction. At the end of the day the markets didn’t look too much different than any other session. ECB Holds Steady The European …
Soybean Complex: Assessing The Structure
Another sloppy session develops in the July soybeans. A typical description of a corrective counter trend move. The market should be setting up for another impulsive wave lower. This upcoming wave should commence with a minor 5 wave move. This should be closely monitored. As of now it appears unclear. If contract weakens and holds below 926.6 I would consider this the commencement of …