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 …
Soybean Complex: Recent Technical Developments
September Soybeans The bean market held trend-line support at 999.4 before pressing higher, as suggested, reaching first line resistance at 1018 following thru to post a high of 1022.2 then easing slightly to finish at 1018.2. Continued upside action will test cross zone resistance at +/- 1028. This area marks the extended weekly ATR reading. A close/hold above …
Hog-Dog days ahead?- get a game plan
I have made this clear but here I share some levels going into the weekend. I like to think ahead of time how this will start to look and from that some trading ideas will come from that. Bonds today 3 off high had a sell going into Friday but didn’t even hang in today without dropping back to steady, …
Big Bang Low Risk Trades
Good Morning Farmers, Commercials and Traders, (late grain snapshot playing lines on bottom) 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 …
Final US Grain Weather Report July 19
For the complete 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 20th. REGISTER NOW. If you cannot attend live a recording will be sent to your …