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Holding Pattern?


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Still cooler and wetter than normal in this morning's 6 to 10 day forecast for the Heartland from the National Weather Service. Not good for wheat which is ready to harvest yet might be okay for the recently planted corn and beans so the sprout can break through the crust!

Beyond arguing the impact of the weather on the domestic crop we still need to stay aware of the problems in Australia and the waffling conditions in Europe. Washington and Brussels and Singapore and Beijing could surprise us like the USDA!

It feels like a day of rest as weather markets tend to move on Mondays and Thursdays and use every other day to stay in moderate ranges. Spreads are still unnerves in wheat yet corn and beans still feel weak as we approach first noticer day on the July futures on June 28.

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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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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