One step forward, two steps back Dow futures closed down 36 points Wednesday, after a quiet consolidated session. The futures were limited to a 100 point range, with most of that taking place in overnight trading. The day session saw a lot of back and forth trading, staying in an even tighter range of 60 points for the entire day. …
ag complex
The soy complex awaits the usda planting report on Friday. The market has a lot to digest. The south American harvest is moving along nicely. brazil exports are moving at a brisk pace. This will continue as the US market share is expected to dwindle. The Chinese purchases going forward will be booked mostly from the southern hemisphere. If the …
Windy City Jim – Daily Trade Recommendations (3.29.2017)
Futures Day Trading Signals (Thursday, March 30th, 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 : May Sugar Previous Closing Price : 1712 …
Latest Weather Insiders Report
For the latest Weather Insider report from WxRisk.com, CLICK HERE. This report covers current US and South American Grain Weather with a look at El Nino conditions in the future. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, will host a FREE 2017 Spring Grains Outlook Webinar on Thursday, March 30th at 3:30PM CST. This webinar will …
Livestock Report
Live Cattle The June contract broke down yesterday (Monday, March 27, 2017) trading down and almost making new low from the March 22nd anchor candle. The anchor candle is the large bullish breakout solid green candle that price has just retraced all the way to the candle low. Today’s trade took price to the candle’s low (111.25) a couple of …
Walsh Daily Gold
Gold prices drifted lower in afternoon trading as equities traded significantly higher. A higher greenback today dulled gold’s appeal as comments from Fed governor Fisher pointed to two more rate hikes in 2017. The comments at least for today soothed investor fears over a lame duck Trump Presidency as failure to repeal and replace Obamacare created some nervousness in the …
Turn around Tuesday
Moving on up The equities rebounded nicely on Tuesday, getting back Monday’s losses and had the futures finishing the day +.62% . The 131 point gain in Dow futures had the index trading above where the market closed last week. The market appeared to be led by the banking and energy sectors. Dow futures started moving higher right off the …
Currency comment 3/28
In classic fashion we saw “Turn around Tuesday” today. All of the losses in U.S. financial assets seen Monday were made up by strong rallies Tuesday. The dollar and stock indexes rallied while bonds dropped. The cause for Monday’s drop was political and the cause of Tuesday’s rally was also political. Traders who worried that the failure to change Obamacare …
Windy City Jim – Daily Trade Recommendations (3/29/2017)
Futures Day Trading Signals (Wednesday, March 29th, 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 : May Soybeans Previous Closing Price : 972 …
Ag commentary
The markets are awaiting Fridays usda acreage report. We most likely will remain quiet till that time. The funds remain long. This is a question mark. When,if they will need to liquidate. The planting intentions should be considerably higher than a year ago. Weather then will become the key component. The south American crops continue to grow in size. The weather …