Livestock Report

Ben DiCostanzoGeneral Commentary

                                                                                   Walsh Trading Daily Insights Commentary February Lean Hogs is the lead contract as its volume has overtaken the December contract’s volume. It opened at the low of the day (64.05) and a strong rally took it to the high of the day at 65.80. It consolidated at the high end of the range and settled near the high at …

Grain Spreads: Corn’s Future

Sean LuskGeneral Commentary

Commentary: March 21 futures is now the most actively traded contract for corn. Look for potential rolls out of December into the weekend and into Thanksgiving. Seasonally we rally into Turkey day and the Friday after but I caution all that 2020 is an oddball year. So in my view throw seasonal tendencies out the window. Trade the charts. March …

Soy & Corn Market Commentary

John WalshGeneral Commentary, Grains

Commentary: Soy The beans have had a very significant move over the last months. The funds have built a significant position. The market has been boosted by the continual decline of the carry. The current number is 190 mil bu. This is low. The current stocks to usage is approx 4.2 %. This too is low. In managing ones thoughts …

Livestock Report

Ben DiCostanzoGeneral Commentary

                                                                                   Walsh Trading Daily Insights Commentary December Lean Hogs opened higher and quickly turned south to the session low at 63.60. This took out the November 2nd low at 64.10 and further entrenches a bearish theme to the Hog market. We are making lower lows and lower highs as news that pork prices in China continue to fall and it …

Grain Spreads

Sean LuskGeneral Commentary

Commentary: The bullish inputs for corn keep coming this week and we are only two days into the week. The bullish news in my opinion comes on two fronts. First, yesterdays Covid 19 vaccine news from Pfizer propelled the stock market to record highs while sending crude oil futures three dollars higher, with todays close pushing it comfortably above $40.00 …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary December Lean Hogs opened higher from Monday’s settlement. It ended up as the session high (66.30) and then broke down making the low at 64.90. This is just above support at 64.80 and the rising 50 DMA at 64.775. December Hogs are still consolidating with the high at 67.60 and the low at 64.10. A …

Livestock Report

Ben DiCostanzoGeneral Commentary

                                                                                   Walsh Trading Daily Insights Commentary December Lean Hogs started the week off on a positive note as it opened higher from Friday’s debacle. It broke down to the low and then surged to the session high – all in the first 4 minutes of the day. The low was 65.25 and the high was at 66.575. The rest of …

Livestock Report

Ben DiCostanzoGeneral Commentary

                                                                                   Walsh Trading Daily Insights Commentary December Lean Hogs started election day on a positive note, gap opening higher and reaching the high of the day at 66.80. This was just above trendline resistance at 66.75 and above the key level at 66.55. This contained the hogs and price fell down to the lows at 65.15. It settled near the …

Grain Spreads:Paring

Sean LuskGeneral Commentary

Commentary: Per the last positioning report from the CFTC as of Tuesday October 27th, the report showed managed funds long 745K contracts. That is if you combine the soy complex (beans, meal, bean oil), Corn, and Chicago and KC Wheat. Since 10/27/20, we have seen beans fall over 40 cents, corn over 25 and wheat almost 45 cents from high …