Exiting Shorts In Soybeans!

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

I just posted the Special Email Alert below to all my brokerage clients, to those that subscribe to my twice a day newsletter Commodity Insite and to those that recently bought my book, Haunted By Markets. Those that bought my book receive 1 month free of my newsletter which includes all Special Email Alerts. Anyway, here is what I just broadcast.

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


special email alert!


Exit all short soybean positions at the market. November soybeans are now $8.641/2, down $.391/2 and a bit off the low. I have bad mouthed soybeans for months and now wish to exit shorts.

By exiting shorts, I will be flat the grain complex. However, I am very, very close to re-buying KC wheat. Stay tuned.


The corn and soybean data in todaysUSDA report was bearish. For soybeans, the data was bug-eyes bearish. But the wheat data was in my view, quite bullish.


Exit all soybeans and watch for another email from me.


the time is 12:05 p.m. Chicago

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


As I type furiously away, soybean prices are now 40 cents lower, corn is off 9 cents and KC wheat in the ugly by 10 cents. Needless to say, the grains are doing poorly. Then again so is the critter complex, the metal complex, most soft markets and the mighty Dow Jones that is leaking to the tune of 165 points.


I am now flat the soybean complex having taken more heat on shorts than I expected. But the fundamentals took hold the market and allowed me to exit shorts and get ready for next week.


However, I am holding tight to my shorts in the Dow from yesterday. History shows that a lousy close on a Friday for the Dow can lead to a train wreck the next week. And for those that want to learn about the history of the futures markets from 1990 to 2015 should check out www.commodityinsite.com


Never forget. There is no substitute for timely and accurate information.



The time is 12:18 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.