Rally puts equities up again Equities rallied late in the session after a downward move to start the day. The Dow was dragged down on poor earnings reports, along with the slide a slide in crude oil bringing down energy producers. Crude oil hit a six month low, dropping over 250 points before the day was over. OPEC’s announced production …
Daily Gold Report
After nearly hitting a three week low June gold futures finished the day near unchanged at 1257.0. Today’s tight range of only $6.20 for June futures indicates that investors are faced with some major data points in the next few days and therefore are awaiting the results. The data points are highlighted by tomorrow’s FOMC rate decision and the non farm payroll number on …
Monday Afternoon US Grain Weather Summary
The radar map is much quieter this afternoon than it was just 24 hours ago. There is some scattered rain and numerous showers over far eastern portions of Iowa … eastern Minnesota … northwest Illinois and southwest Wisconsin. The main LOW pressure area itself is now over the eastern Great Lakes and its associated cold front is bringing showers and …
Livestock Report
Live Cattle The June Live Cattle contract made another new high for the move on Monday, May 1, 2017, trading up to 125.325 before breaking down and trading to the low of the day at 123.65. A late day rally took price above 124.00 and it ended the session at 124.30. It settled at 124.125. Today’s trade formed a Spinning …
Windy City Jim’s – Daily Trade Recommendations (05/01/17)
Futures Day Trading Signals (Tuesday, May 2nd, 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 : …
Currency comment 5/1
The currency markets were quiet again Monday. Currency values have been moving sideways for the last week since the French first round voting saw the establishment candidates vanquished. The biggest feature in financial markets over the last week has been the weakness in the gold market. The value of gold has declined over forty dollars over the last seven days. Two …
Sunday Late Day US Grain Weather Summary
The late Sunday afternoon early evening radar shows heavy snow over western KS & south central NEB with widespread 70% coverage … significant rain with thunderstorms covering 75% of KS as well as the the eastern half of NEB, southeast third of SD, 75% of Iowa, 60% of southern MN, 60% of northern ILL AND western IND… and storms …
Friday Full US Grain Weather Report
For the complete US Grain Weather Report, CLICK HERE. For those interested, Walsh Trading hosts a FREE Grain Outlook Webinar each Thursday at 3PM CST. We will hold our next Grain Outlook Webinar on Thursday, May 4th. REGISTER NOW. If you cannot attend live, a recording will be sent to your email upon sign-up. If you missed last week’s webinar …
Equities shake off poor GDP , close with best week of the year
The day started off with a poor GDP, but the stock index markets were still able to close the week higher. The U.S. Economy grew at a 0.7 % pace the first quarter. This is a decline form the 2.1% level we saw to end 2016, and lower than the consensus 1.0% forecast. It was also the slowest pace in …
Weekly Gold Report
Gold prices fell this week but managed to hold and settle above the key 200 day moving average. Geo-political uncertainties were one of the reasons that prices didn’t slip much further along with a slightly weaker reading on first quarter GDP released this morning. While June gold posted modest losses of $20.80 for the week, Silver was the big loser posting …