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AG TIME 2 days to go


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Well there is not much new regarding the soy today. the market will await the fri usda release. Unless a surprise pops there is to much soy in my opinion to warrant these prices. Friday could confirm this belief or offer something that changes that direction. The global export supply is healthy. The Chinese have purchased a bunch of US soy. a bunch is not a formal measurement. A little bad humor. Any way. These prices are presenting value and opportunity as I see it. The perception of markets can change in a split second. Then prices change quickly. Lets see what fri offers.

The corn. Do we have a rally in front of us ? A good question. We can close the march above 382.75. I read a article todasaying what if the govt doesnt reduce the yield much. here is my question. What if the yield is reduced more than the average guess. Then we have a tightened balsnce sheet. The corn in my opinion cant afford that at present. I still believe the corn is friendly and there is more upside. As I always say quantify a risk. The market will await friday.

I look for long term trends. They are difficult to catch. However if able it can be rewarding. To discuss opportunities please call 800 993 5449 jwalsh@walshtrading.com

A FRIEND IS LONG SOUGHT, HARDLY FOUND, AND WITH DIFFICULTY KEPT ST JEROME

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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