Traders/ farmers etc Be advised that all the short range weather models have completed their run which takes us to either Friday 7:00 PM or Saturday 7:00 PM depending on the model. All three of the primary short range models show no significant rain over any portion of Iowa through Friday 7:00 PM and only light rain under 1.25″/ 32 …
December Corn: Making Sense of It
December Corn A choppy neutral trading activity seen in today’s market activity. For tomorrow a rise above 399.4 will look to advance. First upside target zone comes in at 404-405. A hold/close above will look to challenge last week’s high 414-417. A break below 391 will look to weaken to test cross zone support at …
More Uncertainty: Soybean Complex
September Soybeans A choppy mild advance unfolds in the bean contract today. Prices hold slip zone to post moderate gains with high set at 1008.4 before easing to finish at 1004. Not a lot of structural clues made apparent to me. I’m left to focus on levels rather than wave analysis to gain any insight. Above 1005 sets …
Final US Grain Weather Report
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 …
Livestock Report
Live Cattle The August Live Cattle contract remains trapped between the 100 DMA (118.175) and the 200 DMA (114.30). It opened (117.20) just above Monday’s settlement price (116.95) on Tuesday, July 18, 2017 and traded down to the low of the day at 114.775. It spent the remainder of the day consolidating in the lower end of the range (115.45 …
Ag Commentary
The markets move day to day based on the latest weather report. The risk has gone up considerably due to the uncertainty. The weather for beans will become very important last half july and into august. There still exists the opportunity for the government numbers to be the reality. The risk now is if the weather turns hot and dry,and …
Daily Gold Report
Gold prices hit a two-week high on Tuesday closing well above the 200 day moving average at 1232.7., finishing today’s session up over $8.00 to close at 1241.9. One of the reasons for the rally is the decline in the U.S. Dollar. The greenback is falling due to fading prospects of an imminent increase in U.S. interest rates and expectations …
Head Scratcher : Soybean Complex
September Soybeans Market held Monday’s low as suggested and took out early week’s high. Prices did challenge noted resistance level of 1010 failing at 1008.2 before losing all its gains to settle at 993.6. It’s a structural mess as I see it and I find it difficult to to discern any high probability scenario playing out. The late …
Weather Model Breaking News Bulletin July 18 from WxRisk
FOLKs Be advised that the 12z GFS operational models are coming out and it has more rain over central and northern Iowa then the previous runs did. By the morning of July 24 Monday, the GFS is now showing 1-2″/ 25-50mm covering most of Iowa except for the far northwest corner. Over eastern and northeastern Iowa the rainfall amounts are …
Few (6) Quality Olive Trade flashing
Markets are heating up everywhere, across the board so here are a few chart spots that have hit olive conditions. This olive is at the genesis of trading throughout the time spectrum that offers value and keeps you out of the way as it approaches. The value of quality research means you wait for trade conditions to materialize. Right? So …