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AG TIME Consider

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Today there may be some changes to consider. Perhaps they are slow to come, or perhaps they happen quickly. There is a slowdown of Chinese bean imports. The USDA may need to adjust the balance sheet. This would add to the carry over. The Chinese issue with African swine fever continues to spread quietly without much coverage here. I dont understand this. Having just been in Asia, it is a concern wherever you go in public. This is reducing the demand for protein, especially soymeal. The Chinese have begun importing alternative proteins as well. While this is happening, veg oil imports are on the rise there. The demand for bio fuels is on the rise. This should support bean oil at the current levels. The oil share is at 31.90%. This is the lower end of the range for some time. The main point of todays thought is, we may be on a macro shift that allows oil share to gain. This would be indicative of a market where oil and or beans gain on the meal, on a relative basis. This is something I think is over due.

To discuss this idea or any other in detail,jwalsh@walshtrading.comor 800 993 5449



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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

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