A.M. Look 6/17/19

June Currencies Futures expire @ 9:15 CDT.

Take it easy today.

It usually takes until after 9:00 CDT for the board to pick a direction.

Gold is breaking down against all currencies.
It will take another day of weakness to drop out of momentum.

Grains are the place for Mosquito lovers and fly fisherman.
Bloomberg ran an article about a non-planting party west of Chicago.

Farmers are returning their seed as its now too late in the cycle to risk
late summer or early fall weather.

Corn and Wheat are showing ORH qtr’s.
They are both a buy on a break @ the #’s on your sheets.

Soybeans has yet to elect it’s qtrly ORH buy stops @ 9.312

 

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