The Soy complex closed lower again today. Although it was a fairly uneventful session. Tomorrow the USDA will release a monthly report that should offer direction. The South American crop,especially Brazil continues to show a increase in the projected yield. The global supply will prove burdensome in the long run. The US projection for planted acres continues to get larger. …
Grain Short Report
Today the grains were weak as were most of the commodities. . The bases in the grains should begin to decline as a weather premium begins. This usually occurs once the crop has been planted. The supplies look plentiful worldwide. And if the weather is good for the growing season the grain supplies should be plentiful in America as well …
Currency comment 3/8
The dollar saw a moderate rise on Wednesday on improving volume. The main factor in the rise was a report from ADP that showed new job creation in February was an astounding 298,000. This compares with the average analysts’ guess of 198,000 new jobs for February. There continues to be hesitation in adding to long dollar positions, however, if we …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …
Currency comment 3/7
A very dull day in the currency markets Tueday. No fresh new to move prices and traders not willing to take big positions into Friday’s unemployment report. We may see more action on pre-positioning ahead of Friday but it did not occur today.
Grain Report.
Last year at this time, we were looking at the end of the El Nino and creation of the next La Nina. Similar to 2012. And here is a list of the La Nina dates. La Niñas occurred in 1904, 1908, 1910, 1916, 1924, 1928, 1938, 1949–51,[ 1954–56, 1964, 1970–72, 1973–76, 1983–85,[ 1988–89, 1995–96, 1998–2001, 2007–08, 2010–12, and 2016–17.. Walsh Trading INC …
Dow Jones: Will March be the Start?
Dow Jones point and figure along with a month chart of the Dow Jones and what should we do now after looking at these charts. A couple of ideas for those interested. Will March be the start? dennis@walshtrading.com Regards, Dennis Eich Walsh Trading INC 312-985-0308
Livestock Report
Live Cattle Monday’s trading action had Live Cattle test Friday’s high at 116.575 and fail. The inability to move past the Friday high sent the April Live Cattle market on a grinding path lower to test the 13 (115.50) and 21 (115.175) DMAs. The April contract stopped just short of the 21 DMA with its low of 115.225 and ended …
Quiet session in indicies
Tight Ranges rule the day Both the S&P and Dow had relatively quiet sessions on Monday. We saw consolidated trading through out most of the day. The Dow closed -25 at 20956, with only an eighty-six point range in the futures. The S&P 500 was fairly quiet as well, closing -5.75 on the day 2375.50, towards the middle of its …
soy complex john walsh
The Beans and Meal started higher today. Concerns over a port strike in South America was supportive. There is a regular occurance of these threats this time of year. In addition,rains in Argentina are viewed as supportive. The reality of the market is that the Southern Hemisphere crop is huge by all accounts. Not only Brazil,but the smaller countries as …