Commentary The November contract posted its second weekly decline in the past three, a potential warning sign for market bulls hoping for another run at the June contract highs. Hot weather on top of persistent dryness in the eastern Dakotas and other growing areas remains concerning, and an argument can still be made the market’s longer-term uptrend remains intact. But …
Soy Market Commentary
COMMENTARY: The soy was under heavy pressure across the board early on. The market slowly climbed off the lows through the session as the day progressed. The feature the last few days was the oil share and the slide we witnessed. Today could have marked a low for a minute. The weather has not changed in any material way. This …
Soy Market Commentary
COMMENTARY: The soy has been volatile over the last week and a half. There are potential changes going on that could have an impact. As suggested there will be increased volatility and risk throughout the summer. The feature of the week in my opinion has been the overall weakness in the bean oil market. The Argentinian Bio market is in …
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 higher and made the session low at 91.175. It grinded higher the rest of the session and made the high at the end of the day at 92.45. It settled at 92.40. The rally …
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 unchanged from Monday’s settlement and made the session low at 89.15. Bulls took over and it rallied the rest of the session and made the high at the end of the day at 91.20. …
Grain Spreads: August Weather Eyed
Commentary Corn and Soybean futures rebounded after yesterday’s setback as stock futures rallied as did crude oil following Mondays rout. The grain market went bid overnight as good to excellent conditions only gained 1 point better in the good to excellent category, while Spring wheat plummeted again. I think we will get a better gauge on conditions following next week’s …
Livestock Report
Walsh Trading Daily Insights Commentary August Lean Hogs opened lower, made the session high at 105.85 and broke down to the session low at 103.80. The trading range tested moving average support at the 8 DMA at 104.09 and moving average resistance at the 100 DMA at 105.79. It settled in the lower end of the range at 104.475. If …
Soy Market Commentary
COMMENTARY: The complex was higher both overnight and through the day. The beans are getting a bid based on weather uncertainty through July/August time period. The bean oil is rallying and leading the charge based on tight stocks at present. In my opinion the stocks will remain tight and price supportive through the summer. As I mentioned yesterday, I want …
Grain Spreads: December Corn Examined
Commentary The week heading into 4th of July saw December Corn hit 611.2. Then the market dropped 1.04 to 5.07 last week. A fifty percent retracement took the Corn market to 559, which was hit and surpassed the last two sessions. Today’s settle saw corn flip 12 cents from the high to end the day lower at 552.0, Dec 21 …
Livestock Report
Perspective Commodity Snapshot Template Walsh Trading Daily Insights Commentary August Lean Hogs opened higher, made the session low at 104.675 and rallied to the session high at 106.275. The trading range was between 104.30 support and 106.85 resistance. It consolidated the rest of the session and it settled at 105.65. Settlement was at the rising 100 DMA at 105.64. If …