rounded corner
rounded corner
top border

Are We There Yet?


Bookmark and Share

Are we there yet? Wheat is testing the lows of last month's move while beans and corn are making new lows because of the weather and trade war fears....The talking heads on television are touting that ten year lows are unheard of and the end of the world as we know it is here.....the merchants of misery are doing their thing! There's no real reason for a speculator to buy this right now but we are entering territory where end users will be taking coverage yet, not for any long time frame....In the old days when feeders were bullish they might have 6 months of use covered and if they were bearish they might be only covered for two months........it's a mortal sin to not have anything to feed the grain consuming unit or to shut down the wheat mill for lack of wheat....we are getting closer to the point where users will back up the truck and say to keep it coming but that typically happens when the big long, the farmer, is scrambling to find storage space to house his crop...The last 20% of harvest, where winter wheat harvest is at, typically produces the most pressure! Bulls have to time it right to be long at 99.1 % complete! No one is that good so we should see lots of buying interest at 4.60 to 4.80 WU.........Same thing for corn and buying interest should be steep at 3.30 to 3.40 CU.......Maximum storage rates jump to 8 cents/bushel/month from 5 cents on the December 2019 corn contract and the November 2019 bean contract.......

Join My Mailing List


image001

Steve Bruce


Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax
sbruce@walshtrading.com
www.walshtrading.com


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.



Recent articles from this author



About the author


Steve Bruce comes from the cash grain side of the market working for General Mills at the ChicagoBoard of Trade in the summers in the 1970's calling the country to buy wheat at cheap basis levels and with Illinois Grain learning the barge trade. He then spent the 80's , 90's and 00's servicing commercial clients with Geldermann and Man Financial from the trading floor of the Chicago Board of Trade shared market perception via print and electronic media. Steve takes a fundamental approach to market analysis. He completed his undergrad at Marquette and MBA at De Paul. Steve believes in the free market, Chicago School of monetary policy, and less government involvement and intervention in the grain markets. He is risk adverse but emphasizes spread trades for optimal hedging profitability. Steve can be contacted at 312 985 0156 or 888 391 7894 or email him at sbruce@walshtrading.com.
 
 
Contributing author since 06/14/2018 

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2018 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy