Soy & Livestock Market Commentary

walshtradingGeneral Commentary, Grains

COMMENTARY: SOY The USDA report today was a surprise to the market. I suggested yesterday that there was a chance for a more bearish number. There is no way to predict the USDA numbers. The important thing in my opinion now is that this number has ramifications that could keep domestic numbers trending in a more bearish fashion. The USDA …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary December Lean Hogs eked out a new high for the rally reaching 84.00 and making the low at 82.70, essentially consolidating in front of the export sales report which comes out Thursday morning. Settlement was at 83.60, keeping price above the key level at 83.325. If price can continue its follow through higher, a test …

Grain Spreads: Balance Sheet Soybeans

Sean LuskGeneral Commentary

Commentary Tomorrows 11 am on farm stocks report is expected to show U.S. soybean stockpiles as of Sept. 1  expected to shrink to 174 million bu., per Reuters surveying a number of analysts. That figure would be down 67% from the same date in 2020 and the smallest Sept. 1 soy stocks figure since 2014. Like corn the low on …

Soy & Livestock Market Commentary

John WalshGeneral Commentary, Grains

COMMENTARY: SOY BEANS – The bean market has remained in a sideways trade of late. The medium term outlook could present a declining board based on a couple factors. First, the harvest could offer some pressure. This is not due to a large domestic increase in carry. Rather a replenishment of stocks that allows for a cushion until the South …

Bitcoin Futures

Peter OriGeneral Commentary

The current correction in Bitcoin futures, (BTCV21) appears to have stabilized from the recent high of 52,600 and the low in BTC holding just above 40,000. The market is currently trading at 41,700 as of this post. In my opinion the potential of BTC range trading between 40000 to 49000 in the near term can be sustained in my opinion. …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary December Lean Hogs continued its climb higher, trading past resistance at 83.325 to the session high at 83.975. The low was at 81.075 and settlement was above resistance at 83.575. The euphoria over the bullish Hogs and Pigs report has lasted for 2 sessions. Hogs now need to see cash prices and cutouts firm up …

Grain Spreads: Balance Sheet Bets

Sean LuskGeneral Commentary

Commentary December corn futures traded up to a 4 week high at 5.41 before an abrupt turnaround sent futures to trade down to support off of 5.32, which represents the ten percent higher on the year threshold. Harvest pressure and double digit losses for both beans and wheat aided corn’s decline in my view. USDA yesterday reported the U.S. corn crop …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary December Lean Hogs surged on Monday, trading up limit and settling at the limit price. Settlement was at 81.55. The limit move came about as the Quarterly Hogs and Pigs Report was regarded by traders as extremely bullish. Hog inventory came in way below expectations and bullish traders pounced. Limits will be expanded on Tuesday …

Livestock Report

Ben DiCostanzoGeneral Commentary

Quarterly Hogs and Pigs 09/24/2021 Walsh Trading Daily Insights Commentary December Lean Hogs grinded higher in front of the Quarterly Hogs and Pigs Report, with the largest move up at the end of the session. The jump in in price at the end of the day was led by the October contract which surged in the last 15 minutes just …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary December Lean Hogs continues to trade in a trading range since taking over as the lead contract (based on volume). The range is from 75.375 high to 71.275 low. The range is below resistance at 75.60 and the low is just below support at 71.325. The Wednesday range is 74.925 to 72.50. The Quarterly Hogs …