COMMENTARY: SOY BEANS – The beans have bounced in a modest fashion. The rally in my opinion has more to do with feedgrain strength, than any bean fundamentals. The flat price could be influenced by the Chinese demand going forward. It is clear the beans will lose market share to south america. The weather at present in Brazil is excellent. …
Livestock Report
Walsh Trading Daily Insights Commentary December Lean Hogs spent most of its trading session consolidating between resistance at 75.60 and support at 74.25. It made the session low early in the day at 73.80 and the early high at 75.30. A sudden surge in the last 20 minutes of the day saw the December Hogs race to the session high …
Soy Market Commentary
COMMENTARY: SOY BEANS – The beans started higher today with the feed grains moving higher. The strength spilled over. However, this was not able to hold as the reality of weak exports pressured beans to lower levels. The weather in Brazil has been very good. The soil moisture levels are now in good shape. This has many private analysts predicting …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans started higher this morning. The sales yesterday were a plus, and the corn strength spilled over. The market eased as the day went on. The beans as I have mentioned do not have reason to be this elevated in my opinion. The harvest has slowed due to rain. However, the progress is good. The …
Grain Spreads: December Corn
Commentary Technical buying from algos and some spread unwinding were two potential reasons corn traded higher today in my opinion. We are hearing a lot of noise made with the extreme rise of fertilizer costs and due to that a potential inflationary bubble is being built in the corn market due to increased future input costs. Those producers who still …
Soy Market Commentary
COMMENTARY: SOY BEANS – The soy saw a two sided trade today with the export sales leading some early buying . Both the Chinese and México were buyers . China 199 t , Mexico 125 t . The beans in my opinion have little reason to exhibit strength at present . The Brazilian crop is making rapid planting progress . The private …
Livestock Report
Walsh Trading Daily Insights Commentary December Lean Hogs opened lower, made the early low and rallied to the session high at 73.825 and once again reversed course to trade down to the session low at 72.525. It settled near the low at 72.575. Hog futures are struggling as cash and cutout prices continue to make their way lower creating pessimism …
Livestock Report
Walsh Trading Daily Insights Commentary December Lean Hogs opened higher and made the high and the low in the first 5 minutes of the session with the high at 74.50 and the low at 73.475. It consolidated the rest of the session settling near the high at 74.20. The high inched past resistance at 74.25 and the low was above …
Weekly Bitcoin Futures Commentary
With Bitcoin (BTCV21) passing the 67,000 level possibly from investor demand and the new ETF based on futures opening up from Pro Shares on Tuesday October 19th, Bitcoin could make an eventual move to $75,000 and higher in my opinion. Description on the new ETF as I see it regarding some benefits of exposure. There is also a lot of …
Grain Spreads: Beans Firm
Commentary Private forecasters pegged Brazilian soybean planting at 36% complete as of Friday, double last year’s pace and ahead of the 27% five-year average pace at this point. AgRural another forecaster had that number at 38% as of late last week, the second-fastest historical planting pace behind the 2018/19 season. Private crop scouts estimated first crop corn planting at …