September Soybeans Moderately higher price action unfolds in today’s market action. Weekly candle formation develops a high-wave inner doji displaying market participants uncertainly.A hold above 1006 should challenge +/- 1020. I believe a hold/close above points to further advancement targeting +/- 1065. Market finds initial support right at closing price. A slip lower that holds …
Ag Commentary
The soy complex rallied today due to a continued dry forecast for the western belt. The heat has somewhat moderated. The question will be if the dryness persists for the next 2-3 weeks. This would have the potential to effect the overall yield potential. There have been a few scattered showers that have shown up unexpectedly. This may mean nothing …
Cattle August, before it goes limit down. 112.50
I have spelled this game out for a few weeks. Alert is given to longs in this market. Here are two charts ahead of time. Let’s watch how this plays but sharply lower prices from here if we deteriorate or which we are live. ARP 312.957.8248 BUS HOURS. [email protected] Lunnie says 108.00+/-
Ag Commentary
The market at present is attempting to digest the weather. This will be the driving force behind price discovery over the next three weeks. As I said earlier in the week. There are times to take to the sidelines and be patient. If the market continues to rally this presents a opportunity to the producer. Not only for unsold current …
Now What? : September Soybean Complex
September Soybeans Beans chopped higher in today’s session. After initially reacting off the 998 level touched on in Thursday’s report market presses above to post high just shy targeted resistance of 1005.6 slipping in day session to finish at 1000. For me structural clues are non-apparent in today’s price action. If the market dips here it will find …
Commodities hit all at once, filled in a few.
Many markets triggered signals that I have covered on the daily voice updates which offer valuable information the cuts to the chase. Farmer Alert– I don’t recommend hedging Corn down here as this is a buy level. $3.80 held. This is the time to be on alert to market your crop for producers. $4.15 was posted as the 1st of …
Thursday AM US Grain Weather Report
THURSDAY AM RADAR The mid Thursday morning radar shows scattered showers and thunderstorms over southwest Kansas and northern Oklahoma with 30 to 40% coverage. The storms increase significantly in coverage over far southeastern Kansas …southwestern and south central Missouri and into the southwest portions of Illinois. In this area the coverage ranges from 50 to 70%. The showers become more …
Livestock Report
Live Cattle The October Live Cattle contract rallied from the open (113.375), approaching the 200 DMA (114.70) on Wednesday July 26, 2017, making the high of the day at 114.225 in front of the fedcattleexchange auction. The auction had 2,119 head for sale, with 772 sold. Prices ranged from 117.50 to 118.25. After the auction, futures turned lower as cash …
Final Wednesday US Grain Weather Report
For the Final Wednesday US Grain Weather Report, CLICK HERE. For those interested in grains, Walsh Trading hosts a FREE Grain Outlook Webinar every Thursday at 3PM CST. This webinar is hosted by Sean Lusk, Director Walsh Commercial Hedging Services. Sean will host his next webinar on Thursday, July 27th. REGISTER NOW. If you cannot attend live a recording will …
Corn, US dollar, Olive hit /filled 3.82, 9351
Pay heed to Cup—- Short on time to type a comment today but a boatload happening everywhere. I am going to have to drop day to day coverage in meats as the audience for these tiny commodities is too small. If you want to come here to do business with me then this would change but for now this is …