Walsh Trading Daily Insights Commentary October Lean Hogs opened lower, tried to overtake the 200 DMA at 89.15, rallying to make the high at 89.375 and failing…breaking down to test support at 87.10, making the low just above it at 87.275. It limped higher to settle at 88.025. Hogs ended the week and the month with weakness… settling below the …
Grain Spreads: Kc/Chicago Wheat
Commentary Wheat the leader on the grain board today led by the Minneapolis contract as it settled over 9.00. Spring Wheat crop tour is moving through the Dakotas this week, Scouts on Day 1 of the Wheat Quality Council’s annual spring wheat tour found an average spring wheat yield of 29.5 bu. per acre, sharply below 2019’s 45.6 bu. per …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs opened lower, made the session high at 92.375 and crashed …. ending the session with a limit down move and settling limit down on the session. Settlement was at 89.525 and Thursday’s session will have expanded limits of 4.5 handles. The limit sown move took price down to 89.525, settling below the …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs opened steady and rallied past resistance at 93.50 to the session high at 94.05. The positive price action was fleeting, however as it reversed course and traded lower the rest of the session, trading below support at 92.375 to the low of the day at 92.225. It was able reclaim support, settling …
Soy & Corn Market Commentary
COMMENTARY: SOY: The soy bounced today. The crop ratings yesterday declined. This was a bit of a surprise. The market however struggled to hold on to the gains as the session went on. This was significant in my opinion. The complex was led by meal. In my opinion the market will start to look at the August weather potential. As …
Grain Spreads: Haves and Have-Nots
Commentary Declining crop ratings in Minnesota, Iowa, and the Dakotas weren’t enough to hold overnight rallies in corn and beans as corn finished a half penny lower on the day, but 14 cents off the high. November soybeans finished up 1.6 cents on day at 1359.4 but fell 28 cents from the intra-day high. Recent rains haven’t been the savior …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs opened higher and broke down to the session low at 91.625. It recovered and rallied to the high at 93.275. It settled at 93.10. The rally stalled once again just below resistance at 93.50 and settlement was above the key level at 92.375. The session’s range was within Friday’s range forming an …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs is now the lead contract as its volume has surpassed the volume for the August contract. It opened lower and made the session low at 91.30. It rallied and made the high at 93.40. It pulled back and settled at 92.625. The rally stalled just below resistance at 93.50, but settlement was …