Commentary: New Crop November 21 Beans posted a new high today at 1170. Nice run on this contract since the August lows from 882.6. Old crop beans have received all the attention as both global and domestic ending stocks have dwindled due to mostly adverse weather and insatiable demand. March beans traded to a 1388 this AM, another new high, …
Grain Spreads: Beans in the Teens, Now What?
Commentary: Beans closed a volatile 2020 in the teens ending the year at 1311. What seems like decades ago, the 2020 low made last Spring during the height of the pandemic and initial lockdown was 818. The August lows were at 8.65. Since then we rallied almost 4.50 into year end and for 2021, we have pushed 5 percent higher …
Soy Market Commentary
Commentary: The markets have really put on a show over the last few months. The soy has been the leader in the AG’s. The carry remains very tight. The weather in south america remains an issue. The largest concern remains Argentina. The general thoughts are that the USDA will lower the soy carry yet again next week. The question regarding …
Grain Spreads: Corn Outlook
Commentary: Production question marks continue to bring buyers in the grain sector particularly for corn and soy. Downward revisions continue to enter in the market regarding South America amid a La Nina that brings heat and no rain in many production areas especially in Argentina. Futures today stopped short of penetrating Monday’s high.The combination of fresh money flow, strong Chinese …
Livestock Report
Walsh Trading Daily Insights Commentary February Lean Hogs opened at the session high and then made its way down to the session low. The low came in at 70.10 which is just above the 69.90 support level. The breakdown closed the gap created from the previous two sessions high and low. Price was able to recoup some of its …
Livestock Report
Walsh Trading Daily Insights Commentary February Lean Hogs gap opened higher, traded to the session low at 70.675 and then raced to the session high at 72.00. This is just above the high of the resistance band from 71.325 to 71.85. It is also a new high for the up move yet remains below October 19 high at 72.80 …
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