Markets have their own plan The stock market seemed to take the latest news out of D.C. in stride and continue to move higher. The S&P 500 put in a new high for the second time this week. The surprise removal of the FBI Director did not seem to have much of an effect on the markets. A rally in crude …
Daily Gold Report
Gold and Silver finished the session higher on mostly short covering during overnight trading hours. The firing of the FBI Director by the Trump administration was most likely the cause as it spread thoughts of the administration in disarray with many pundits crying foul over the timing of the decision. However gold and silver pulled back near the close to …
Windy City Jim’s – Daily Trade Recommendations (05/10/17)
Futures Day Trading Signals (Thursday May 11, 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 : July Soybeans Previous Closing Price : 970 1/4 Projected …
Ag Commentary
The response to the usda report (wasde) was a bit lackluster. The numbers do however hold some significant opportunities potentially, in my opinion. The soybeans per the usda estimates for the 17/18 crop year show 88.6 mil acres with a 48 yield. The acres are fine. However the yield may prove to be understated. The range given last years production …
Tuesday Evening Weather Update
RADAR LINK. The late Tuesday afternoon radar shows moderate rain showers across 50% of SD running in a northwest to southeast orientation and some of the showers have moved into southwestern MN. We also have increased the rains and storms over southeastern COL and northeastern NM and some scattered showers over central Texas. 1-5DAY – There are no significant changes here. …
Currency comment 5/9
So the French election occurred on Sunday and the effect on the financial markets of the world was nothing notable. For many traders and investors the election was a “nothing burger”. Many traders had expected the election to set off fireworks in many markets: equities, FX, interest rates. However, nothing of any importance happened. The U.S. dollar has firmed slightly …
Windy City Jim’s – Daily Trade Recommendations (05/09/17)
Futures Day Trading Signals (Wednesday May 10, 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 : July Wheat Previous Closing Price : 429 1/2 …
Monday Evening Weather Update
RADAR LINK Most of the Plains … the Midwest … and the the Deep South are dry late this afternoon. There are some moderate rain showers along the North Dakota/ Minnesota border into southern Manitoba. 1-5 DAY – There is not much to change for next 5 days. The models are in better agreement this afternoon with all three models showing …
Livestock Report
Live Cattle The June Live Cattle tested support at the 8 DMA (126.77) on Monday, May 08, 2017, gap opening lower and trading down to 126.65, before reversing course and closing the gap, rallying all the way up to 128.725; all in the first 5 minutes of trading. The June contract then broke down and made a new low at …
Ag Commentary
The soy complex experienced a down day. The weakest leg was the meal. The oil share gas gained to approx. 34% at present. The ride has been a bit bumpy but none the less the fundamentals appear to be intact. To be considered here is the weather going forward domestically. Which looks serviceable to planting. In addition the Brazilian crop by …