Soy Market Commentary

walshtrading General Commentary, Grains Leave a Comment

COMMENTARY: BEANS – The beans were under heavy pressure today. There are a couple reasons for this. The overall market structure outside the AG sector is starting to show weakness. The concerns over the new variant, regardless of reality, are pause for concern. The Crude market as well as stocks also contribute to an overall weak feeling in the AG …

Weekly Bitcoin Futures Commentary

Peter Ori General Commentary Leave a Comment

Bitcoin (BTCZ21) trading $58300 as of this writing, volume of 17000 and range trading between $53600 TO $59400. Pressure in Bitcoin had come from a new corona virus threat, this short lived move and holding support levels Bitcoin has turned and heading higher from current levels in my opinion. Interesting talk in the sector from Grayscale with claims of the …

Grain Spreads: Corn

Sean Lusk General Commentary Leave a Comment

Commentary The panic selling  witnessed in the energy and equity sectors on Friday didn’t appear to affect Corn futures all that much. In fact on Friday end users most likely bought the dip as December and March corn futures finished the day almost 20 cents higher from the daily lows. Tomorrow is first notice for December corn which makes March …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs consolidated in the lower end of Friday’s trading range. It opened higher, making the high at 82.025 in the opening 5 minutes of trade then grinding lower the rest of the day to the low at 80.75. It settled near the low at 80.925. February Hogs are trading at a stiff premium …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs opened lower and broke down to the session low at 82.325, it recovered and traded to the session high at 83.50. It consolidated the rest of the session and settled near the high at 83.275. The high was just above resistance at 83.325. Since taking over as the lead contract, February Hogs …

Grain Spreads: Wheat Leads

Sean Lusk General Commentary Leave a Comment

Commentary Wheat continues to be the grain sector leader.  Paris milling wheat hit new highs overnight. La Nina rains in Australia are said to have hurt crop quality into harvest. This comes just as farmers were set to head into the fields and pull off a bumper harvest, heavy rain battered crops across major growing areas. Therefore Australian wheat was up …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs opened unchanged and broke down to the session low at 81.625, it recovered and grinded higher the rest of the session to the high at 83.375. It settled just off the high at 83.025. The breakdown took price just past support at 81.70 and the high was just above resistance at 83.325. …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs made another attempt to break out above resistance at 83.325 on Friday, trading up to 83.725 for the Friday high. It couldn’t hold on to the gains, breaking down the rest of the session to the low at 82.375. It settled at 82.475. If settlement holds, we could once again revisit resistance …

Soy Market Commentary

walshtrading General Commentary, Grains Leave a Comment

COMMENTARY: BEANS – The bean market was moderately lower today. Of note is the recent two week climb. The beans have rallied in tandem with meal strength. The overall thoughts of inflation, recent Chinese purchases have propelled the bean’s to a higher level. The fundamental long run in my opinion remains more bearish than is reflected on the board. The Chinese purchases …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary February Lean Hogs is now the lead contract as its volume has overtaken the December contract’s volume. It opened lower and made the low during the first 5 minutes of the day at 82.125. It crept higher the rest of the session and made the high at 83.475 at the end of the session, dipping …