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Ag Time


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The soy lower led by meal. The markets are buy the rumor sell the fact this week. In addition, the weather in South America improves theoretically for arg and brazil both. This is to be expected. The desire is to find reasons to be bullish when there are actually few reasons. The crops are huge and the demand is declining. The Chinese will show protein demand declines for the first time in years. A 4 mmt decrease is expected where 4-5 mmt increases yearly have been the norm. The African swine fever continues to expand. This is not getting any press. Use rallies to make cash sales.

The corn broke back into support today. This area should hold imo. The corn has moved a sideways pattern. I ultimately look for an eventual breakout to the upside that could push new crop into the 430 level. This would be a hedging opportunity. The fundamental picture remains intact. The demand base is solid. The feedgrains continue to offer support. Be patient in corn. There are opportunities imo to buy futures and sell puts.

800 993 5449 jwalsh@walshtrading.com to discuss markets.

IT HAD LONG SINCE COME TO MY ATTENTION THAT PEOPLE OF ACCOMPLISHMENT RARELY SAT BACK AND LET THINGS HAPPEN TO THEM. THEY WENT OUT AND HAPPENED TO THINGS LEONARDO DA VINCI

BE WELL



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About the author


John Walsh, President, Walsh Trading, Inc.

John began his career in the futures industry in 1986 at privately held firm, Barnes and Company. Barnes and Company was known for its presence at the Board of Trade, particularly in the agricultural sector. From Barnes, John held positions at the privately held firm, Argus and then at Continental Grain. During his time there, Continental Grain was one of the largest clearing firms in the world. Continental Grain had, and continues to maintain, extensive holdings in the cash cattle, poultry, swine, and agriculture industries. At Continental Grain, John had various responsibilities including working for the Options Group and the Risk Management Group where he serviced clients located all over the world.

 

In 1996, John left Continental Grain to found Walsh Trading, Inc., currently a registered Independent Introducing Broker (IIB) and an NFA member with the ability to clear at multiple, futures clearing merchants at the benefit of its clients. John’s focus at Walsh Trading has been on hiring and cultivating talented individuals and building relationships throughout the industry. Walsh Trading services some of the largest companies in the world, in their respective fields, as well as individual investors with a commitment to always putting the needs of its customers first.

 

John trades all markets, but concentrates his efforts in the agricultural sector, more specifically in the relationships revolving around the soybean crush. His trading methodology is based on fundamentals and a personally designed technical system.

 

Contact John
Phone: 312-208-8837 or 800-993-5449
Email: jwalsh@walshtrading.com

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