Walsh Trading Daily Insights Commentary The livestock rodeo show continued today with the horses jerking their riders to the ground once again. The cattle markets settled limit down, and hogs which have new limit levels at 3.75 handles, settled limit down also. Limits will be expanded for all markets with Live cattle expanded to 4.5 handles, Feeder Cattle to 6.75 …
Livestock Report
Walsh Trading Daily Insights Commentary The livestock markets continued their volatile trading on Wednesday, gap opening higher making expanded limit moves in various contract months and pulling back, with hogs unable to hold onto its gains while the cattle markets were able to remain strong. The April cattle markets were able to hold onto its limit move so Live Cattle …
Corn Commentary
Commentary: The corn rebounded today. Will this end the long decline?The biggest question is the domestic loss of Ethanol demand. The question of the US opening back up is important. The export pace has been reasonable. The USDA will release supply and demand on Thursday. There are many who look for an increase in stocks. I present some food for thought …
Soy Update
Commentary: The soybeans were steady overall. The bean oil was the leader to the upside. The USDA will release the supply and demand on Thursday. There are a couple considerations at present besides the report. The Argentinian, and now the Brazilian producers are having difficulty both moving and harvesting this years production. The interior in some areas is locked down …
Grain Spreads
Commentary: I’m seeing some possibilities within the wheat sector for consideration. The ideas come on two future possibilities for consideration. First soft red winter wheat ratings released this afternoon show very good condition in the soft red winter states. Good to excellent condition ratings come in as follows per the USDA. Illinois at 62 percent, Indiana 67, Michigan 55, and …
Corn Commentary
Commentary: The corn continues to erode. The overall fundamental picture remains heavy with concerns over the ethanol situation. The market has dialed in the ethanol staying closed for some time. If realized, it would reduce demand by a horrific amount. It is my thought that the market has dialed in a worse case scenario. This could be mitigated if things …
Soy Update
Commentary: The soy found support today with some global support. The USDA will release the supply and demand Thursday. The expectation is for a slight reduction in soy stocks. If realized this could be a bit supportive in the near term. The carry around 400 at present would be deemed manageable. If this transpires the beans could witness a rally …
Livestock Report
Walsh Trading Daily Insights Commentary The livestock markets opened weak making new lows for the down move. They staged a remarkable turnaround surging off the lows and most ended positive for the session. April and June Live Cattle were problem children. June Lean Hogs opened limit down, but the limit down move didn’t prevail as the new low brought short …
Grain Spreads
Commentary: I’m seeing some bargain opportunities here within the grain sector despite all the negativity in the market. I think that there rea some realistic bets one can make here to establish some longer term bullish plays using some calendar spreads and inter-market ideas, that from a timing stand point are starting to make some sense to me. First Idea …
Energy Update
Commentary: The crude has followed through to the upside this week. The overall lack of demand is known. The abundance of crude above ground is known. The question now, Are the lows in? It was my thought a trade to 17-20 nearby would hold. The May traded to 1933. Is this enough, remains to be seen. The US now will …