rounded corner
rounded corner
top border

AG TIME TAKE NOTE


Bookmark and Share

This could be a very interesting week and month for the ag related sectors. The govt reporting agencies will start releasing numbers that were affected by the shutdown. There is much to consider at present. The Chinese have kept their word and have added additional soy purchases. The question remains for the soy complex does this really matter? The export pace is still behind the govt projections by quite a bit. In addition, now, the feeling is that the Argentinian crop is actually getting larger, which will help with exports. One other item to consider is freight rates are dropping. An indication of global availability. The global slowdown is cutting demand. These are longer term trend changes in my opinion and thoughts I have been expressing for some time. It feels to me that the market is speculating on a possibility for something so significant that the market will stay strong. The fundamentals do not justify the price in my opinion. In addition, the current bean corn relationship does not increase corn acres to the dramatic amount needed to make beans friendly. This higher board of late should be rewarded with sales. Consider the 2019 and 2020 crop years as well.

The Corn is a sideways market. The thought that China will purchase feed grains is important if realized. This fact could give corn the friendly boost that is required to move to a higher level. The corn carry is a bit friendly as I see it. The acreage is important and will be needed given the solid demand. The corn could be on the verge of one more nice move before quarter end in my opinion. Perhaps 425-435 basis July futures. The reports this week and month could play an important role as well as the crops in the Southern Hemisphere.

To discuss these ideas or for a long term plan 800-993-5449 orjwalsh@walshtrading.com

IF ANY MAN SEEKS FOR GREATNESS , LET HIM FORGET GREATNESS AND ASK FOR TRUTH, AND HE WILL FIND BOTH HORACE MANN

BE WELL



Recent articles from this author



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

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 ©2005-2019 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy