05 August 2019 – MONDAY
A lot of uncertainty to open the week. I’ll be putting up a TRADE COMMENTARY tomorrow, TUESDAY – this week.
There is the potential for China to place martial law in Hong Kong – and there is uncertainty about how this might effect international market should this, or something equivalent happen. Given this situation and the escalation of China/USA trade dispute, it could be a volatile week in many markets this week. Stating the obvious here: Hong Kong status as one of the largest centers of international business, has the potential to disrupt a great many of the world’s economies.
After the extreme volatility in the markets on Thursday and Friday last week, it would be hard to believe we start off this week with a ‘business as usual’ outlook. I’d like to wait and see how this week starts out, before considering new trades/ additional trades. There’s no doubt that many traders and investors with be jittery this week.
There will be several private estimates this week, prior to the USDA’s crop report on August 12. It is common, particularly if they have similar numbers, for these private estimates to effect Corn and other grain markets. These private estimates are often done by large commodity companies — they will have to come up with some planted acres info – and THAT is of major interest. You recall the USDA/WASDE August 12th report is when the official projections are out.
I will keep this short today and I put up a post here on Tuesday tomorrow – and will send the usual email notification when its posted.
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