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KC Wheat Is Coming Into Its Own


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Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Here are a few of my comments this afternoon in my twice a day newsletter, Commodity Insite. They pertain to grains and in particular KC and Minn wheat. Hope you find my ramblings of interest.

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"The complex is holding up well this afternoon. The upside leader is Minn wheat with futures 8 to 9 cents higher with KC up 51/2 cents. Corn is 1 higher. And a close here or better bodes well for tonight and into tomorrow.


However, the Dow is sharply lower and so is copper. In the past when those two markets were flashing bright red it proved to be bearish most all other markets including grains. Thus, grains are holding up well but the day is still young.


I favor only KC wheat on the long side of the ledger. I am skeptical about all other markets including corn and soybeans. Try to hang on to KC wheat! "

The time is 9:50 a.m. Chicago

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KC March wheat is now $5.03 with a high of $5.041/2. March KC is 101/2 cents higher, up 5 cents from my 2nd broadcast of the day. Technically, a close over $4.99 turns most charts bullish which will bode well for tomorrow. My work suggests the infamous commodity funds will buy wheat into the close today.


Wheat is showing independent strength with the Dow down 400 points and the CRB Index posting a modest gain of 70 points. Thus, commodities are outperforming stocks which is and should be a modest tail wind for wheat. And it does indeed appear that KC wheat is coming into its own!


If you are interested in my book, Haunted By Markets a go to www.commodityinsite.com. If you are interested in subscribing to my twice a day newsletter call me at406 682 5010. Or send me an email at commodityinsite1@gmail.com


There is no substitute for timely and accurate information. Commodities are going to do quite well in 2019 and far outperform stocks, equities, the Dow Jones and so on. Do not be left behind!


Let me hear from you!

And allow me to repeat what I stated above: it does indeed appear that KC wheat is coming into its own!



The time is 11:58 a.m. Chicago
























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About the author


Jerry Welch has been in the futures industry since the late 1970's and is a true veteran of the markets. He has been quoted often in Wall Street Journal and is author of Commodity Insite, one of the longest commodity futures newspaper columns in history. His weekly column has been published each week since the mid 1980's and is one of the most recognized names in the world of commodities.

Mr. Welch is also known widely as a, "so so" flyfisherman.  

His column is published by the Illinois Agri News in La Salle, Illinois, Cattle Today, in Fayette, Alabama as well as Consensus, in Kansas City, Kansas.

He can be contacted at 406.682.5010 for a view of his, "twice a day" market column that includes price forecasts and trading suggestions.

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