Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: August Lean Hogs consolidated near the lows. It was able to eat into by a few ticks the above gap but just drifted for the most part. Back months faired better as they were up over a handle on the day. The gap from Thursday’s low at 50.60 to Friday’s high at 48.95 narrowed slightly with the session high at …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The Nass report today opened the door for some reasonable expectations and adds a good feeling to the markets. First the soy complex witnessed reasonable fund buying through the day. The report today added approx half a million acres. The trade was looking for a larger gain. The bean rally could extend a bit further and then sales could …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

 Commentary     August Lean Hogs made a new low for the down move at 47.525, recovered and rallied to the session high at 49.125, then settled in the middle of the trading range at 48.45. It formed an outside candlestick as the range was wider than Friday’s range. There is a gap however from Thursday’s low at 50.60 to Friday’s …

Grain Spreads: Pre Report USDA Movement

Sean Lusk General Commentary Leave a Comment

Trend and Index following funds who have amassed sizable shorts in corn and wheat took profits today while longs in beans most likely did the same. Surprises on the quarterly reports are often seen with either the on-farm stocks number being adjusted or a curve ball being thrown with prospective plantings thus giving the trade a surprise. No matter the …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy was under pressure today . The weather remains very beneficial over all. The exports while up from recent history lack the fire power to get anyone excited. The Chinese spent a lot of their recent needs on Brazil.  This puts Brazil in a sold out situation. It also makes one think last years crops were larger than reported. …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights                                                                                         Commentary     August Lean Hogs gap opened lower and crashed, going limit down making the low at 47.575 and settling at 48.125 down 3.200. The market was expecting fireworks from the Hogs and Pigs report and it didn’t disappoint. The Report showed All Hogs and Pigs at 105.2% of last Year, with expectations coming in …

Grain Spreads: Too Much

Sean Lusk General Commentary Leave a Comment

The market has again been reminded that we have too much of everything thsi week. If that isnt the case now it maybe the case come harvest. This upcoming Tuesday’s on farm stocks and planted acreage report hasn’t scared many shorts in the grain sector thus far. Recent rains in the Midwest have eroded thoughts of too hot and dry …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary Livestock markets were weak on Wednesday giving back a lot of Tuesday’s gains. Equity markets were hit hard along with Crude Oil as Wuhan virus fears reared its ugly head. The virus seems to be picking up steam in states that have re-opened stoking fear that the economy will shut down again and …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary August Lean Hogs opened higher, rallied to close the gap created from the June 19th 52.70 low and the yesterday’s 52.45 high making the high at 53.025 and then dipping to settle at 52.50. It looked like some short-covering to me after making another new low for the down move on Monday for the August contract. The gap closure …

Grain Spreads: Bean Counting

Sean Lusk General Commentary Leave a Comment

Commentary: Included here is a chart of the Nov 2020 soybean contract. The market finished last week with some modest upside momentum. In my view it came on thoughts of better demand prospects from China and suspect weather meaning too dry in the eastern belt and too hot in the West. Recent rains over the last four days and more …