September Soybeans Pre-open action sees the bean contract slip below weekly speed-line throwback support at +/- 984 to post low of 978. Prices can’t hold beneath 984 and claw their way back to finish at 994.4. For now a hold above 984.4 will keep things stable. Minor overhead resistance checks in at +/- 998. A press above targets …
Wednesday AM US Grain Weather Report
WEDNESDAY AM RADAR As forecasted by the short range models over the past two days the morning radar shows significant showers and thunderstorms which developed in the predawn hours have now moved through most of eastern Nebraska and pushed into northeastern Kansas. The showers and thunderstorms of moderate intensity continue over western Iowa into southeastern Minnesota and the northern half …
Livestock Report
Live Cattle The October Live Cattle contract broke down below the 200 DMA (114.65) on Tuesday July 25, 2017, making its way down to test support at the July 6th low (112.425) with the session low at 112.65. A break down below the July 6 low could see price test support at 110.925. Resistance is at the 200 DMA. On …
Final US Grain Weather Report
For the Final US Grain Weather Report for Tuesday, July 25th, 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 …
Daily Gold Report
Gold prices held steady today, after hitting a one-month high on Monday, buoyed by political uncertainty in the United States, as investors await the Federal Reserve meeting for clues on monetary policy. August gold futures lost $2.20 to close at 1252.1. Silver traded slightly higher gaining just over 9 cents to close at 16.54 basis September futures. Some upbeat U.S. …
Ag Commentary
There are times it would appear when it is best to be out of the market. The volatility at present is making it very difficult. The weather for the next three weeks will drive the price direction. The western belt remains dry. With very spotty rain if any. This will fuel rallies if the forecast doesn’t change. The question will …
Weather Model Breaking News Bulletin #1 July 25 WxRisk
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 …