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It's That Time of Year


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The most recent 6 to 10 day outlook from the NWS is calling for the Heartland to remain warmer and wetter than normal. The Rockies might get some early snow and some private forecasters have gone out on a limb and are suggesting that the growing areas of concern might get a frost two weeks ahead of normal......We'll see. We're too cheap to sell yet, there's no apparent reason to accumulate! Yesterday's reports were luke warm and a trade deal may be around the corner. Regardless, there's no reason to chase anything near term and spreads may continue to stay on the defensive.

Field reports coming out of the Mid South for corn are good as theyields are not as good as lat year but given the headaches we saw this Spring producers are happy! The race for space begins!



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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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