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Another Day in Paradise


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Navel gazers and talking heads smarter than me are starting to gain a little more hope that a new Sino/US trade deal is near as is the end of the partial government shutdown/shakedown...........Other than that it appears the grain markets are just marking time waiting for South American harvest pressure and rollover ahead of March futures deliveries...........We are off on Monday..................The trade feels flat and might remain so until Tuesday.........Selling might be expected at 524-527 WH with support at 504 to 507 with beans still feeling the heaviest with support at 888-892 and selling at 908-912..March corn feels paralyzed vibrating around 375.................We still sense that corn and bean spreads might be weaker as we approach first notice day while wheat has the best fundamentals to strengthen...slightly!

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.

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Steve Bruce


Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax
sbruce@walshtrading.com
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Walsh Trading
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Chicago, Il 60604



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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 

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