Searching for Fresh News

Steve Bruce General Commentary Leave a Comment

                                Bulls need some incentive for end users to panic and bears need some better weather to ease anxiety and it appears that we’re in limbo waiting for South American harvest and field preparation in the northern hemisphere……………………..less filling/tastes great!

                                Seven weeks until we start getting serious about March future deliveries or the lack thereof and until the gut slot of South American harvest……..There’s no reason to panic  on anything as northern hemisphere wheat is still in dormancy and the weather is not extreme.

                                Spreads on corn and beans remain soft and on the defensive and the lack of USDA stocks, production and supply/demand reports is not a concern as it appears that we’re not going to run out of corn and beans before the onset of harvest of the 2019/2020 crops….Wheat continues to be the grain with the strongest bull potential given the tight world stocks/use ratio and assumption that winter wheat acreage decreased about 3 to 4% last Fall from the 2017/2018 figure of 32.535 million acres……….

                                Until weather becomes the dominant force it appears that we’ll be looking at the world political figures for movement on trade agreements, monetary and banking policy and on all the NATO/EU/Brexit happenings which might aid or disrupt world trade………….The US is still surviving despite the partial government shutdown…………Weather is easier to predict.    

 The information contained on this site is the opinion of the writer and obtained from sources cited

within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.     

Join My Mailing List

Steve Bruce

Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax

Walsh Trading
53 W Jackson Suite 750
Chicago, Il 60604

Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.

Leave a Reply

Your email address will not be published. Required fields are marked *