Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary August Lean Hogs opened higher, approached resistance at 54.775, making the high at 54.50 and then tanked. It traded down to the session low at 52.70 and settled nearby at 52.80. Settling near the low after failing at resistance after bouncing off a new low for the down move on a Friday is …

Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: A few brief thoughts regarding the markets. There remains some unknowns certainly given the global climate. However, the Chinese are buying beans. Some of this is to restock, some is the push to expand hog production to fuel the crush. Regardless, the bean market has a couple near term pluses in addition to the purchases. The USDA 395 carry …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                      Walsh Trading Daily Insights                                                            Commentary July Lean Hogs made a new low for the down move early in the trading session, falling to 48.175 and then reversing course and rallying the remainder of the session to the high of the day at 49.85. It settled nearby at 49.65, unchanged from Tuesday’s settlement. Support for July Lean Hogs on …

Grain Spreads: Dec 20/21 Corn

Sean Lusk General Commentary Leave a Comment

There hasn’t been much for either the bulls or bears to get excited with Corn in the last couple weeks. Maybe for good reason as the crop is planted and emergence per the USDA is near 95 percent. Corn has found some support from a sixth straight weekly rebound in ethanol production and drop in inventories. Trend and Index following funds …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                       Walsh Trading Daily Insights                                                    Commentary Livestock markets opened weak on Monday as rising Wuhan virus cases sent shivers through the markets as traders feared demand would once again collapse. Markets were able to recover and settled in positive territory. July Lean hogs settled at 52.275. Support for July Lean Hogs on Tuesday is at 51.80, 50.475 and …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary July Lean Hogs opened lower, and was able to temporarily stop the selling as it rebounded and traded to the high of the session at 53.20. It failed from here, breaking down to a new low for the down move, trading down to 51.55 and settling nearby at 51.675. Settlement was below the …

Food for Thought

John Walsh General Commentary, Grains Leave a Comment

Commentary: Looking at the current supply demand scenario and the USDA releasing numbers tomorrow. I have pondered what I am perceiving are some possibilities. First the soy exports may be a bit overstated. Second the acreage may well be understated by as much as 2 million acres. These are important numbers given the current global stocks. When I look at …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: July Lean Hogs broke down to a new low for the down move, trading down to 51.575 before reversing course and rallying to the high of the day at 53.425. It settled nearby at 52.80. It formed a Doji candlestick indicating indecision in the market, in my opinion. The Pork Cutout Index and the Lean Hog Index continued their …

Grain Spreads: Soymeal

Sean Lusk General Commentary Leave a Comment

Commentary: The average trade guess for old crop soybean ending stocks comes in at 577 million bushels versus 580 last month. New crop ending stocks (2020/21) come in at 426 million bushels, up about 20 million from the May estimate. With new crop ending stocks for both World and the US in decline, it may not take much in the …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy has rallied approximately forty cents over the last month. This rally was sparked by Chinese purchases. The Chinese have increased the import agenda in soy in order to replenish stocks that were lower than normal. The Brazilian has been the dominant player to China over  the last six months. It is presumed that the crop harvested last year …