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It's Still the Weather!


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It still looks wetter than normal in the Heartland but the East might see normal temperatures while the West stays cool. Regardless, the 2019/2020 crop year is going down as very problematic for planting and crop development. If we back in the easy money quantitative easing years of 2008 to 2016 we'd more than likely be at extremely higher prices. Those days may be gone and we to sense that corn over $4.40, wheat above $5.40 and beans at $9.00 are more than reasonable assuming trend line yields and normal quality. Yet, the issues of yield and wheat quality is what's moving the market and it's a minute by minute situation. Things change quickly! Are options the answer? How about spreads for tweaking hedges? Talk to your broker!

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
www.walshtrading.com


Walsh Trading
53 W Jackson Suite 750
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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