Commentary: The soy was again under pressure. The thought yesterday was that the oil share may start to rise. The trade today did move that way with oil share closing at 32.4%. The market will need to digest the recent weather in South America which is showing more showers. The question will be what can transpire over the weekend. The meal …
Soy Market Commentary
Commentary: The soy has pulled back recently. The beans have fallen approximately 40 cents. The market is attempting to digest the $12.00 bean price. The question is will there be a reduction in demand due to the elevated prices. The potential answer to this question lies in the weather in South America. It appears there have been some reasonable rains …
Livestock Report
Walsh Trading Daily Insights Commentary February Lean Hogs made a new high for the up-move, reaching 69.60 before turning lower and breaking down to the session low at 68.05. The high is just below resistance at 69.80 and the low is just above support at 67.80. Settlement was at 68.75 which is right at a key level and it …