Another Day in Paradise

Navel gazers and talking heads smarter than me are starting to gain a little more hope that a new Sino/US trade deal is near as is the end of the partial government shutdown/shakedown...........Other than that it appears the grain markets are just marking time waiting for South American harvest pressure and rollover ahead of March futures deliveries...........We are off on Monday..................The trade feels flat and might remain so until Tuesday.........Selling might be expected at 524-527 WH with support at 504 to 507 with beans still feeling the heaviest with support at 888-892 and selling at 908-912..March corn feels paralyzed vibrating around 375.................We still sense that corn and bean spreads might be weaker as we approach first notice day while wheat has the best fundamentals to strengthen...slightly!

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.

Join My Mailing List

Steve Bruce

Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax

Walsh Trading
53 W Jackson Suite 750
Chicago, Il 60604

Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (WTI) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.