There were 2 areas of significant rain in he last 24 hrs. one area was over northern Minnesota and the eastern half of North Dakota (and some of this was snow). Rainfall amounts range from 0.25 -1.0″/ 6-25mm and the coverage was 60 to 70%. The second area of moderate rain fell over eastern Wyoming and the western half …
Windy City Jim’s – Daily Trade Recommendations (4/24/17)
Futures Day Trading Signals (Monday, April 24th, 2017) Author: Windy City Jim 312-948-9456 NEVER RISK MORE THAN YOU CAN AFFORD TO LOSE. CALL FOR RECOMMENDATIONS ON PROTECTIVE STOPS. SEE FULL DISCLAIM ON FUTURES TRADING AT THE BOTTOM. WE ONLY ENTER THE MARKET IF THE PRICE HITS THE BUY OR SELL POINT BUY SIGNAL Commodity : June Gold Previous Closing Price : 1279.40 …
Global Overview
Currencies The dollar is in a corrective mode. Both flat price and relative to the commodity based currencies. The dollar strength has been significant over the last two years. Regardless of the rhetoric the trend is up. Patience however is required. The euro is showing strength. The trend has been down. The long term scenario for the currency seems rough. …
Equity markets rally on French election results
Concerns of a Frenchxit diminished a bit following the first round of elections in France. The results have given the markets a hint that France will have a centrist President, who will look to remain in the European Union. Emmanuel Macron is coming in as a favorite over nationalist Marine Le Pen in the second round of elections on May …
Currency comment 4/24
There were fireworks galore in the financial markets on Monday. The U.S. dollar and the Japanese yen were big losers and the Euro FX was a big winner. Stock markets in the U.S. and Europe had big rallies also. Gold was heavily lower. The main driver of the big changes in values was the first round of voting in France. …
Ag Commentary
The soy complex is rallying here a bit. Short covering? Perhaps. The time of year? perhaps. The Chinese demand has been stout. The meal market in asia has had a uptick as well. The reality of the market is that the global supply is very onerous. The market has a lot to deal with. the US has much long term competition …
Full US Grain Weather Report
For the Full United States Grain Weather Update from WxRisk.com, CLICK HERE. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, hosts a FREE Grain Outlook Webinar every Thursday at 3:00PM CST. Sean will hold his next webinar on Thursday, April 27th. REGISTER NOW. If you missed last week’s webinar, you may VIEW A RECORDING.
Daily Gold Report
After hitting five month highs, gold pared gains through the remainder of the week as some geo-political worries subsided. For the week gold settled just .60 cents higher with the June futures contract settling at 1289.1. Silver saw significant weakness settling below 18.00 for the first time in three weeks. Coming into the week, the long position in Silver reached …
Thursday Evening US Grain Weather Report
For the Thursday Evening United States Grain Weather Update from WxRisk.com, CLICK HERE. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, hosts a FREE Grain Outlook Webinar every Thursday at 3:00PM CST. Sean will hold his next webinar on Thursday, April 27th. REGISTER NOW. If you missed yesterday’s webinar, you may VIEW A RECORDING.
Livestock Report
Live Cattle The June Live Cattle contract made another new high on Thursday, April 20, 2017. It traded above the 61.8% retracement level (116.56) of the move from the January 19th high (121.45) to the April 5th low (108.675), reaching 117.475 which is just below resistance at 117.825. The failure at resistance led to a collapse in price to the …