Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary    The cattle and hog markets continued their plunge on Friday as the June and July Hogs and April Cattle markets settled the expanded limit down keeping the expanded limits in place for Monday’s session. Feeder Cattle also were weak but will have normal limits for Monday. Continued uncertainty around the Covid-19 virus continues to …

Softs Commentary: Cotton

John Walsh General Commentary, Softs Leave a Comment

Commentary: COTTON The cotton market has broken much of late. The fundamental picture had legs prior to the corona. The market today may have found support below the 49 cent level basis May.  The USDA acreage could prove overstated. In addition China coming back on line may be a positive. New retail and clothing sales may be a bit off. However, …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn traded both sides today.  The early trade was fueled by rebounds in commodities. Talk of President Trump talking with Russia and Saudia Arabia regarding the Crude situation. The corn has broken a lot. The market continues to hold above the 332 basis March which may prove important. Looking forward there are many private analysts questioning the USDA acreage. …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy traded both sides today due to outside influence. The soy in the near term will look at the SA production estimates. The Brazilian estimates are coming down. This will open a window for the US to make sales to China. It is possible that the Chinese start to restock and US purchases should be on the buying …

Livestock Report

Ben DiCostanzo General Commentary, Livestock Leave a Comment

Commentary: The Livestock markets were hit with another knockdown blow on Wednesday, going limit down in each market with Live Cattle down the expanded limit. The markets continue to be pushed around by outside markets and that despicable microscopic enemy known as Covid-19. Grain markets, Equity markets, Energy markets all were weak as headlines continue to erupt with negative news …

Livestock Update

John Walsh General Commentary, Livestock Leave a Comment

Commentary: LIVE CATTLE The cattle opened lower today. The close was locked limit. Look for follow through. The expanded limits after yesterdays close did not help. The talk of discount to cash means little to the market. It should be remembered that it has rarely of late. The weights remain high during a difficult time. The consumer is spent after restocking. …

Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The corn story is consistent. Overall weakness is due to plenty of supply. Increased by the failing ethanol process. This is a key fundamental and will take a bit to turn. The USDA planting intentions yesterday are overstated IMO. This is a long term market consideration. The near term will be plagued by the demand destruction. The positives are …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans witnessed a lower trade today. The market is under pressure for a couple reasons. The overall demand remains weak for exports. This is due to the Brazilian exports of approx 13 mmt during March, a record. The main destination is China. The USDA numbers yesterday showed a larger carry than anticipated. This could prove important, and could …