Commentary November 21 beans gained on old crop July and August Soybeans today as new crop Nov 21 gained 15 cents on July 21 and 9 cents against August. Once November beans took out 13.11 to go positive for the year, the market has finally surpassed the 5 percent threshold at 1376. settling today at 1382.6. Ten percent higher on …
Livestock Report
Walsh Trading Daily Insights Commentary June Lean Hogs continued higher after Monday’s gap higher surge. It made a new high at 113.80 and settled near the high at 113.55. Settlement was above the 112.975 resistance level, making resistance at 114.675 the next target for futures. Resistance then comes in at 115.925. A failure from 112.975, could see support tested at …
Grain Spreads: July21/Dec21 Corn
Commentary Export commitments of corn continue at record pace as the USDA this AM announced another 84 million bushels of corn were shipped the week ending April 29th. China took in 30 million bushels of the total. Per USDA date, marketing year corn shipments exceed the seasonal pace needed to hit the current target by 126 million bushels, up from 99 …