Good Afternoon. The soy complex had a back and forth day. When the bell rang the beans and oil were plus while the meal market sold off its high. The most important aspect to todays session was the oil share closed above 34%. A recent high and a signal that perhaps we will see some follow through. The soy complex …
Daily Gold Report
Gold and silver exhibited some follow through from the late surge higher last week. However both June gold and July silver futures finished well off session highs which in my view keeps this very recent uptrend suspect for any further advances. A new North Korean missile launch and global cyber attacks over the weekend pushed June gold up to 1237.4 in overnight …
Windy City Jim’s – Daily Trade Recommendations (05/12/17)
Futures Day Trading Signals (Monday May 15, 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 : 963 1/4 Projected …
Livestock Report
Live Cattle The June Live Cattle broke down from the open (124.975) on Wednesday, May 10, 2017, trading down to the low of the day at 122.225 then grinding higher to the high for the day at 125.125. The low is near the 50% retracement (121.61) of the rally from the April 5th low at 108.675 to the May 4th …
Equities rally, shake off noise
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 …