Sleep Is For Sissies!


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

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Below are a few comments pulled from the afternoon broadcast of my twice a day newsletter, Commodity Insite. The information has already been sent to my subscribers, brokerage clients and to those that recently bought my book, Haunted By Markets. Hope you find something of benefit.


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grain complex


This afternoon, soybean prices are 7 cents higher, corn mostly on the plus by fractions and wheat prices 3 lower in Chicago. The lowly oat market is down 9 cents. Grain trade is mixed with soybeans the upside leader. And a close here or higher is in my view more bullish than bearish.


The weather in Argentina remains uncomfortably dry which is supporting soybean futures today. Plus, there is, in theory, 133 million bushels of soybeans yet to be harvested and 1.3 billion bushels of corn yet to be pulled from the fields.


But of course, to spark even higher prices it would be nice for a trade deal with China to be signed. My lean is that one will be signed and we will not know of it because it will happen when we are all sleeping!


And in the futures market, "sleeping is for sissies!" Stay awake, don't sleep and don't be short grains!


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other markets and comments

In the world of commodities, there is red ink with hogs, corn, oats and wheat. Otherwise, all other ag-and non-ag markets are higher. I rate the day overall as far more bullish than bearish. But the day is also young and subject to change.

I expect a trade deal or progress on a trade deal to be announced overnight while we are sleeping. If a deal is announced, "if you are not long, you will be wrong!"



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The time is 11:00 a.m Chicago



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