Sorry, you need to enable JavaScript to visit this website.

AG TIME Rolling Along by John Walsh

Published on: 04:34AM Oct 30, 2018

The month of October is about in the books. The weather has improved and the harvest is rolling along. Today's progress numbers should confirm that.  The next large fundamental to watch will be the Nov crop report. It is possible to see a further increase in yield. Slight as it may be. The beans will continue to have much to deal with. The domestic numbers are huge. The Chinese are all but invisible. The South American is planting at or near record pace. This could ensure an early harvest indicating more competition for exports to the US. Not a welcome scenario. When it rains it pours as they say. It is my belief the market will continue to work lower. Perhaps the market now has a job to do. That is to cut next years bean acres in favor of corn, wheat and perhaps some cotton. It will be difficult to cut into the carry overs much however.

The corn was quiet. The market will wait for the Nov report to see if there is a lower production number. It is my thought this will be the catalyst to move higher if in fact the yield is reduced. The demand remains a friendly input. The wheat is attempting to hold up. The wheat to me is not yet a bull. There are many calling for this. Perhaps we are transitioning to that. However, just not yet. Look for opportunities on small breaks in the corn to add bull option trades, quantify the risk.

Call for any long term trade ideas 800 993 5449 or jwalsh@walshtrading.com

" IF WE DONT KNOW LIFE,  HOW CAN WE KNOW DEATH "    CONFUCIOUS

BE WELL

Walsh Trading, Inc. is registered as an 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.
 
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.