In the Right Place
Steve Bruce of Walsh Trading - InsideFutures.com - Fri Jan 11, 7:04AM CST

We're right where we should be..............................the markets took a day to rest and compose themselves and found support at logical levels.......................Now we deal with the impending South American bean and corn harvest and despite the recent inclement weather and possibility of yield loss there's still a huge crop coming.........Wheat just won't go it alone on a rally and needs corn and beans to stabilize............................Despite the partial government shutdown/shakedown there's no chaos in the streets.....yet.....................might get a Reichstag moment at any time.................Hopefully, a solution will be find to address the situation at our border and a new trade agreement with China..................The market might still be fluttering for a few more sessions as support might be expected atv 512-514 WH and selling at 524 to 527 with CH parameterized at 375 to 395 and SH at 900 to 920..............Still sensing that bean and corn spreads stay on the defensive in a very slow and laborious way while wheat spreads might perform with a little more passion and excitement..............

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.

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Steve Bruce


Walsh Trading
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