The lack of deliveries of soft red wheat this morning could suggest that there is concern over the quality of the 2018/2019 harvest…………………..The CME contract is imperfect in the sense that millers fear receiving the 4 parts per million vomitoxin stocks at a 25 cent discount and not the FDA friendly grade of #2 SRW in order to make the …
End of the Month Positioning
In my opinion it just feels like a short covering bounce in corn and beans after the August slide as the weather still appears to be conducive for allowing the crop to get larger………….Crop tours are still reporting that yield potential may exceed the estimates the USDA issued in August. First notice day on the September futures tomorrow………. Wheat is …
Scale Down
In my view we’re enjoying a fantastic finish of the growing season for corn and beans and the National Weather Service is calling for slightly warmer and wetter than normal conditions in the Heartland in its 6 to 10 day forecast. The state by state condition reports usually receive less emphasis as crops near harvest in my opinion. The market …
Cattle – Wall of Demand?
Good Day Producers and Speculators, The comments below are all my opinions. If you are trading always use a risk stop or the risk can become uncontrollable. These are volatile markets. So let’s recap as we assess the impact of when markets hit these olive extreme’s like 3 weeks ago down by previous months lows. We were looking for a monthly reversal up to buy KWU 4.73, CZ …
AG TIME
The story remains the same. The meal is leading the soy complex while the large crush pace pressures the bean oil. The oilshare continues to decline at 27.2%. In addition, the meal relative to beans is approaching historic highs. The question is what price either shuts down demand, although not really the issue in my opinion. Or offers other price …
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. …
Grain Spreads – Minneapolis Wheat Futures Spread 2018
Last year this spread traded to a six cent carry to a 90 cent inversion. That’s a $4800 move with one spread. I suggest buying this spread on two fronts. 1. Technically we filled a gap this week from the breakout that began last spring. The spread ran out of sellers at a 6 cent carry and we have seen …
Wheat-Recognition NOVNOV followup!
Wheat- lesson. Here in recap up at the top of this chart is two olive lines. The degree of extreme is a good way to define. Trader methodology. Play these levels and do not look at the winners. Here if you needed to sell wheat you would have heard me say for the past year that some day we would …
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 …
Windy City Jim – Daily Trade Recommendations (3/28/2017)
Futures Day Trading Signals (Tuesday, March 28th, 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. General Comments from Jim Walters on trades for 3/27/17: Big Winner in Gold Winner in Coffee Small loss in May Beans Now stocks …