TUESDAY AM RADAR – There are numerous showers and thunderstorms across north central South Dakota, central and southern Minnesota with about 30 to 40% coverage. And there is a second cluster of storms over far southeastern Nebraska and northeastern Kansas. All other areas are rain free. FAST EAST LOADING RADAR MONDAY MAX TEMPS – mid 80s over OH, IND, ILL, KY, eastern …
Soybean Complex: Kicking off the Week
September Soybeans Tight 13 cent range established in the bean market today. Market sets low at 985.2 at the .618 retracement and prior iv wave low convergence level. A hold here will look to take out recent first wave’s high at 999. First upside resistance level comes in at +/- 1010. A hold above 1013 sets up advance …
Full Sunday Evening US Grain Weather Update
For the Full Sunday Evening US Grain Weather Update, 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 …
Weekly Gold Report
The Gold market finished the week strong Friday and rebounded nicely from multi- month lows made this past Monday. August gold futures settled at 1227.5 gaining $17.50 for the week. Silver futures rebounded as well posting a .50 cent gain for the week to close at 15.93 an ounce basis September futures. Gold may have found a near term bottom …
Nice Save: Soybean Complex
September Soybeans The beans market slipped slightly to test recently mentioned save level of 974 holding up just above at 975.4 at inner trend line support trow-back. Prices rise above first resistance level at 988 and extend to 995.4 before settling at 992.6. The market will have to hold above 982 to continue its advance. A hold beneath …
Trading Psychology
My trade idea methods; Find short moments of time, offer vertical majority of recent range Fast moves One directional Using customizable trail stop offers lesser risk. Stop your chop & clean-up your Slop. I speak as lifetime pit trader. Your farmer profile, risk accordingly. Farmers always long, biggest long gamblers I’ve said over decade. Exp. If I said buy soybeans …
Full US Grain Weather Report
For the Full US Grain Weather Report, CLICK HERE.
Thursday US Grain Weather Update
AM RADAR CLICK HERE TO SEE FAST LOADING RADAR The west to east rain/storms which dropped moderate to locally heavy rains last night are still in business this morning. There are moderate rains over northwest Missouri and far southern Iowa which becomes light rain over central Illinois … and thunderstorms over central and southwest Ohio into western Pennsylvania. WEDNESDAY MAX TEMPS – 70s …
Livestock Report
Live Cattle The August Live Cattle opened (118.25) stronger on Thursday, July 13, 2017 and traded to the high of the day at 118.50. This was just above the 100 DMA (118.15) and the pull from the moving average was just too great for the market to remain above it. Price broke down and traded to the early session low …
Soybean Complex: Giving it Back
September Soybeans Today’s action sees prices violate through weekly low and unravel. Trigger levels were discussed in yesterday’s post. Contract slid to support zone of 979-977. This is a big level as we have reached the inner trend-line comeback , mid level Fib retracement and prior 4 wave low convergence point. Also,weekly range is already roughly 60 cents …