We already know classic technical analysis has become obsolete, but can we make the same argument for fundamental analysis? If so, what are we left with?
It is my bias that speculator and institutional (hedge fund) monies are moving into the grain markets.
Daily ranges for grain markets have been expanding as uncertainty and debate continue to mount. Shorter term traders who can put their longer term bias on the back burner continue to be presented with...
Corn prices are up 6 to 7 cents early on Wednesday trade. Futures closed the Tuesday session with 1 to 3 cents losses across most contracts. There were 553 deliveries against March corn overnight. Preliminary...
Wheat is trading with gains across the three markets on Wednesday morning led by double digit gains in KC. The wheat complex saw double digit losses across the three exchanges. Chicago SRW futures were...
Soybeans are trading with gains of 11 to 18 cents so far on Wednesday morning. Futures closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. Preliminary open interest rose 2,727 contracts...
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Yesterday's sharp selloff of crude oil and other energy futures is likely the reason...
WALSH PURE SPREADER - Pure Hedge Division
The wheat complex saw double digit losses across the three exchanges. Chicago SRW futures were 12 to 13 cents lower on Tuesday. KC HRW futures posted 11 cent losses across the nearbys. MPLS spring wheat...
Soybeans closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. The cmdtyView national average Cash Bean price was up 5 3/4 cents at $11.27 1/4. Soymeal futures are up 80 cents to $1.10,...