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Ag Thoughts

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The soy was under pressure this day due to the complacency of the marketplace at present. The market seems to feel there is ample supply. The South American weather while not perfect is overall pretty good. The long range prospects are for more acres. In addition there is still a lack of clarity with the Chinese demand. All of these thoughts could lead to a very mundane, slow holiday trade. The one constant has been the oil share. Although this has been choppy as well. Exercise caution and patience.

The corn continues to drift lower. The USDA confirmed a smaller yield. However the demand continues to decline. The reality of the corn is that the global competition for feed grains in general is fierce. Perhaps a weather problem is what will be needed to spark a change. A couple things to watch. It is likely in my opinion that the USDA may reduce again in the next report. In addition, there may be some corn that remains in the fields. Both of these thoughts could lead to support between 365 and 372 basis dec. The big question here as well as beans is will there be a friendly catalyst. As always quantify your risk.


John Walsh, President, Walsh Trading

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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

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