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All is Well


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The Great Oz has spoken!

Abundant quantities of corn and wheat and enough beans to satisfy demand as China stays away from the world market despite its problems with army worms and other issues.

It still comes down to the end of the growing season and if the world economy is grinding to a halt. Thank you central planners in DC and New York! The Great Ozzie Osbournes have spoken.

The 6 to 10 day forecast for the Heartland suggests warmer and wetter than normal. There's no sense of urgency to buy unless this changes.

September deliveries are on the horizon and now we see if the Chicago wheat longs want to own the vomitoxin tainted stocks through corn harvest. The sense of urgency toown appears to be waning!



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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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