For the latest South American Grain Weather Update from WxRisk.com, CLICK HERE. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, hosted a 2017 Spring Grains Outlook Webinar on Thursday, March 30th at 3:30PM CST. This webinar covered: Technical levels in beans, corn, and wheat Planting/growing season weather outlook Supply/demand fundamental analysis Strategies for a bullish/bearish outlook Is you …
Daily Gold Report
Gold traded modestly higher finishing up $4.40 for Tuesday’s session settling at 1258.4. This was a few dollars below a key target area for technicians; the 200 day moving average at 1261.6. The rally comes a day after another horrible terror attack this time in St. Petersburg, Russia and economic data that was released today that missed expectations. However the push higher wasn’t enough to …
Windy City Jim’s – Daily Trade Recommendations (4/5/2017)
Futures Day Trading Signals (Wednesday, April 5th, 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 : 937 …
Currency comment 4/4
A very quiet Tuesday as the dollar and foreign currencies closed with minor changes on very light trading volume. U.S. stock incises, after early weakness, closed marginally higher; bonds closed slightly lower. With no interesting fundamental news, investors remained focused on the infighting in Washington. The Congress is wrestling over the question of the new Supreme Court nominee. We are told the decision …
Walsh Asset Management – Weekly Snapshot (3/31/2017)
Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, March 31st, 2017 = $2,487.85 LAST WEEK IN TRADING Long Term Commodity Trader click to enlarge Long June Australian Dollar was entered at 0.7725 on 3/20/17. …
US Grain Weather Update
For the latest US Grain Weather Update from WxRisk.com, CLICK HERE. For those interested, Sean Lusk, Director of Walsh Commercial Hedging Services, hosted a 2017 Spring Grains Outlook Webinar on Thursday, March 30th at 3:30PM CST. This webinar covered: Technical levels in beans, corn, and wheat Planting/growing season weather outlook Supply/demand fundamental analysis Strategies for a bullish/bearish outlook Is you missed …
Ag Commentary
Soy Complex The soy complex exhibited further weakness today. The market continues to digest the USDA numbers which were decidedly bearish. Not only the potential planted acreage was larger than anticipated, but also the stock number was larger as well. This indicates a larger crop than last year. The trend continues of higher yields due to genetics. This trend remains …
Currency comment 4/3
We saw a quiet trading session in currencies on Monday. Dollar up slightly, foreign currencies slightly lower. U.S. stock indices moderately lower; bonds higher. Most eyes are on Washington this week as the main story is over the battle between Democrats and Republicans on the question of the next Supreme Court member. Democrats say they will filibuster the nomination of Neil …
Ag Commentary
The USDA released stocks today and acreage today. The report has potential long term ramifications. The acreage is 6 million acreas higher than a year ago and 1 million more than anticipated. This is a very large number and if realized will increase the carryover to 550-600 million bushels. This with the already burdensome global availability can spell lower prices …
Livestock Report
Live Cattle June Live cattle made an attempt to rally on Wednesday, March 29, 2017 trading past the previous two days highs and then reversing course and closing near the day’s low, making a doji candle. Thursday’s trade saw the June contract breakdown from the low of the doji, right from the open. It also took out the low of …