Walsh Trading Daily Insights Commentary August Lean Hogs started higher and rallied past resistance at 101.975 to the session high at 102.85. It settled at 102.35. The low was the opening trade at 100.275. If price can’t hold support at 101.975, a re-test of support at 100.075 is possible. Support then comes in at 98.475 and then 97.30. If price …
Grain Spreads: July 22/Dec 22 Corn
Commentary Last week’s bullish versus expectations planted acreage report apparently has been forgotten. The reason is weather in my opinion. European model forecasts are calling for 3 to 5 inches for most of Iowa, South Dakota, Southern Minnesota and extending east through Illinois into Indiana and Ohio the next ten days through July15th. The forecasts need to verify obviously, but …
Soy & Corn Market Commentary
COMMENTARY: SOY: The soy was fairly quiet before the long fourth of July weekend. There is little room for error with production given the lack of acreage growth. The weather will be watched ever so closely. The current stocks remain tight. This will not change for the better domestically for a bit. The larger global numbers and the tight domestic …