Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs opened lower and surged to the session high. It was unable to take out the December 1st high at 69.60 making the high at 69.15 and then collapsing, trading to just above the low made at the open at 67.075. It settled nearby at 67.60. Settlement was just below the key level …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY The markets pulled back a bit today. The thought is that the ARG strike will come to an end. The offers to end the strike are fairly reasonable given the current rate structures. This is just a guess on my part. I believe the strike will come to an end. The ramifications are unclear. However, my thought is …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs continued its consolidation within last Tuesday’s breakout candle. It traded down and matched last Tuesday’s low at 65.775 and then bounced to settle at 66.50. This is just below the key level at 66.55. This will key trade for Tuesday in my opinion. A failure from settlement could see another re-test of …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY The Argentinian strike continues. Approximately two weeks in at present. This is having an impact both real and perceived. The products both meal and oil continue to perform. The meal more related to the strike in my opinion. The strength here may continue until the strike is resolved. I have no insights or predictions related to this or …

Grain Spreads:

Sean Lusk General Commentary Leave a Comment

Commentary: Grain prices faced some headwinds to begin the week as renewed virus concerns emerged over the weekend in Europe. Stock Indices plunged Sunday Night into Monday taking grain and energy prices with them albeit for a short time in the grain complex. By the close yesterday, we were in the green on the grain board, as funds and specs …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs continued its consolidation, trading in the upper part of the 66.90 – 63.00 trading range. Monday’s high was 66.40 and its low was 65.10. Settlement was at 65.925. The Hog market hasn’t been able to take advantage of the bullish engulfing pattern established with the December 11th and 14th trading sessions. Pushing …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy continues its rise. The exports have been very strong and are running well ahead of the estimates. In addition the crush will continue to run at a record month to month given the margins. This will drive the pace. The thought is that the Argentinian strike will continue to drive the need for protein from the US. …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy worked higher today with beans and bean oil both at contract highs. The Argentinian strike has worried the market regarding product availability. The typical strike there does not last long. I say typical, this is obviously an atypical year, so who can predict. The reality of the market, in my opinion, is that the beans are supported …

Grain Spreads: Data Points

Sean Lusk General Commentary Leave a Comment

Commentary: The bean market traded lower overnight about 5 to 6 cents lower into the AM open trading down to trendline support in somewhat of a turnaround Tuesday type action. That was all prior to this morning’s NOPA (National Oilseed Processor Association ) crush data that came in at 181.0 million bushels, a million above the average trade estimate (180.0) …

Grain Spreads: Data Points

Sean Lusk General Commentary Leave a Comment

Commentary: The bean market traded lower overnight about 5 to 6 cents lower into the AM open trading down to trendline support in somewhat of a turnaround Tuesday type action. That was all prior to this morning’s NOPA (National Oilseed Processor Association ) crush data that came in at 181.0 million bushels, a million above the average trade estimate (180.0) …