Mid Session Grain Comments

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

Below are my grain comments from my twice a day newsletter Commodity Insite. My newsletter is published once around 7 a.m. Chicago and again around noon. If you are interested in subscribing or my other services call me at 406 682 5010. Or, contact me at commodityinsite1@gmail.com


Hope you find something of interest below.


------------------------------------------------------------------------------------------



grain complex

Wheat prices this afternoon are 2 to 3 higher with oats up the same. But corn is 11/2 lower and soybeans off 7 cents and at levels not seen since November of last year. Soybean prices and soy meal are into new lows for the move and that is outright bearish.

Moving forward, soybeans and meal should lose ground to wheat and corn. I was hoping for the past 7 months to sell soybeans north of $9.41 but the highest the market rallied to was $9.30. Ugh.

With a record ending stocks for soybeans, the prospects of more acres switched out of corn and the swine fever in Asia cutting demand, the soy complex is on the cusp of a world of hurt. Aggressive traders should come out of today short beans against longs in corn and wheat. Or, sell soy meal and buy soy oil as a spread.

The soy complex is on the verge of being in a world of hurt. Do not be long!

---------------------------------------------------------------------------------------------


And dont forget to check out my book, Haunted By Markets that can be found at commodityinsite.com. My book is nearly 752 pages long and is a history, so to speak, of the futures markets from 1990 to 2015. There is no other book like it past or present. It is unique. Check it out!


The time is 12:29 p.m. Chicago


This material has been prepared by a sales or trading employee or agent of Midwest Market Solutions and is, or is in the nature of, a solicitation. This material is not a research report prepared by Midwest Market Solutionss Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.


DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.


The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.There is no guarantee that the advice we give will result in profitable trades.