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Ag Thoughts

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The soy came under pressure today. The weather has improved in South America allowing for the producer to catch up on planting. There appears at present to be no real outstanding weather threats in the near to medium term. In addition, talk of the US China agreement once again hitting some snags. And finally the talk of next years acreage assessment could, if true, put the soy carry at 650-700 mil bu. There is obviously alot of time between now and planting. The reality is, at present, the carry is also a bit more ample than the market thought and this too is a bit negative. The one true friendly aspect to the soy, in my opinion, is the vegoil sector. This is true as industrial and regular use continue to increase globally. In a bizarre way though oilshare always seems to come back and retest lower levels. Last week was a perfect example of this The oilshare stands at 33.5%. It is my thought that oil share could make a move to 35.7-36%. As always these thoughts are offered as my insights. To discuss any specifics please feel free to call. Always quantify your risk in the market.


John J. Walsh
President, Walsh Trading, Inc.

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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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