Grain Spreads: Volatile August Coming?

Sean Lusk General Commentary Leave a Comment

Commentary: Will the front loaded purchases that China has bought from Brazil so far in 2020 create any tightening on global balance sheets in the next 6 months? The World’s largest bean grower has shipped 2.22 billion bushels of soybeans in the first half of 2020, with 1.59 billion or 72% of those shipments destined for China. Brazil still has …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary     October Lean Hogs broke down and tested support at 49.35 making the low just below it at 49.10. It settled above support at 49.825. October Hogs are consolidating between 51.675 to 49.025. Hogs are in a downtrend and face resistance at 50.475, 51.075 (down sloping trendline), 51.80 and then 53.825. Support is …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: October Lean Hogs reversed Friday’s losses closing higher on the day at 50.75. It is consolidating and has formed a ledge with the high at 51.675 and the low at 49.425. The rally did little to change the downward lean to Hogs in my opinion. Hogs are in a downtrend and face resistance at 50.475, 51.575 (down sloping trendline), …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary     October Lean Hogs broke down early in the trading session making its low at 49.425 which is just above support at 49.35. It bounced off the low and settled at 50.15. Fears China will pullback from pork purchases as tensions increase with the US is keeping a lid on the futures, in …

Grain Spreads: Dec 20 Hogs

Sean Lusk General Commentary Leave a Comment

Commentary: Hogs closed near last week’s close on Thursday but failed to extend gains this morning. December 20 Hogs, which we potentially see as undervalued (see chart below) is where we are suggesting a bullish option strategy. In my opinion the market is being pressured by increased tensions with China. Until more is known about Chinese buying intentions via the Phase …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy did rally today and it was led by meal strength. The oil share is taking a bit of a breather after its recent rally. The meal and beans could extend the rally a bit further. The Chinese are buying beans and could continue to purchase US beans into August. The Brazilian has sold himself into a temporarily …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: October Lean Hogs is the lead contract in the Hog complex as its volume is higher than the August volume. October Hogs gap opened higher and traded to the session high at 50.975. It couldn’t hang on to the gains and broke down, trading to the session low at 49.65. It settled near the low at 50.075. Hogs rallied …

Grain Spreads: Inflation Play to Pre Covid Levels

Sean Lusk General Commentary Leave a Comment

Commentary: Will the inflationary enviroment that has ignited a major rally in gold and silver push funds into “discount” prices of corn, beans, and hogs? Will they diversify into tangible asset commodity classes deemed potentially cheap? They could down the road as the uncertainty of a Presidential election, uncertain potential party swings in the US House and Senate, and the …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: August Lean Hogs rebounded on Tuesday, but still traded within Monday’s trading range. Hogs are in a downtrend and face resistance at 51.80, 52.60 (trendline) and then 53.825 on Wednesday. The Tuesday range is 51.65 – 50.50 and settlement was near the high at 51.475. Support on Wednesday is at 50.475, 49.35 and then 47.825. Cutouts and cash are …