SOY COMPLEX Today was a fairly uneventful day when the dust settled. When we leave the month of March we will have a few answers to this puzzle. The USDA will release WASDE this Thursday and we will look at the USDA numbers. In play are the US carry and the production out of South America. The big question is …
Farmers see KC wheat explode 50c
Good Mid-week Speculators, First it’s wild how when I take time off over decades that markets tend to move vertically (good, fast)and here we had end-of-month buying in KC wheat now up what? 50 cents from last week low in that overnight, down 1% cleaning as much as the HFT rats could stop out. KC $7.00? why not? But rocky soon. …
Ag outlook, technical levels
SOY COMPLEX The Beans started higher again, fueled by meal. The rally stalled and nominal gains on the day were recorded. The weather in Arg remains friendly as rain has yet to materialize in a meaningful fashion. A few small amounts here and there. This rally has extended itself and seems to be stalling. The impetus is lacking to turn. …
AG – Weather Market
SOY COMPLEX The markets are keenly focused on weather at this point. We have dialed in the recent Argentinian drawdown. However, according to most analysts, further dryness is not dialed in. This may be the case. Going home this weekend it appears that Argentina will remain mostly dry. The real question now is will the US and Brazil make up the …
Ag markets on the move
The Soy Complex: The Soy Complex looks to start higher tonight. The soy has been and will be led by meal. The weather in Argentina has participants worried that the global supply of meal will be hurt given the weather scenario. This is overblown, but the market will rally until a comfort from rain is received. The reality in my …
Ag reaching targets ?
The Soy complex continues to work higher. The November contract traded as high as 1017 today. The target I have spoken of is 1015-1020. We have yet to reach the 1020 on this recent rally. Tomorrow may be the day. Anyway, I have said it is time to use this rally to make sales for new crop beans. It is possible …
AG Thoughts
A couple observations. The markets rally, participants get bullish. The market breaks, participants get bearish. The crowd is usually wrong. The articles I am reading all want a bull story in beans. This in my opinion makes little sense. Now, that doesn’t mean we won’t rally. The funds are short and if they cover we will head higher. The question I …
LIMIT UP LUMBER, BONDs meet Mr. Olive
Friday lumber was limit up. Usually we follow through to upside with certain trading floor rules that have not been around for a while. I chirp about these ahead of time. Hey Matt Rio, let’s chat? Why not, it’s good. I’m not talking about this too much because it is live but also due to my clients that must have …
Corn, Meal, Hog buy Olive
I just did a timely voice a half hour ago, corn buy with 3.78.5 sell stop, meal 313.80 stop, both same setup, very low risk if looking to buy these markets funds are getting slapped around in. Powder blue xxx’s are powerful pivots. THIS IS VERY SHORT TERM so this may not apply to yourself. It is an example of …
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 …