Weekly Bitcoin Futures Commentary

Peter OriGeneral Commentary

Bitcoin (BTCZ21) closed last week at $53,545 with a volume of 29000 and range trading between $51,585 to a high of $59,6800. Pressure in Bitcoin in my view comes from the fear of a new corona virus variant.  Interesting talking points in the sector come in as follows. First, was news from the SEC in rejecting Wisdom Tree’s SPOT Bitcoin ETF. This comes with more concern and claims by government officials around the world wanting better ways to confirm transactions and transparency. These …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary February Lean Hogs gap opened lower and kept on falling. The high was at 80 925 and the breakdown took futures to the session low at 78.175. It settled at78.225. The gap is from the Monday high to the Friday low at 81.20. Settlement was below support at the 50 DMA (78.925) and the 78.80 …

Grain Spreads: July/Nov 22 Soybean Spread

Sean LuskGeneral Commentary

Commentary Consistent export demand from China, strong monthly crush numbers, and a drier weather outlook for Argentina were a few reason soybeans, soy meal and soy-oil rallied to end the week in my opinion. Demand prospects were helped today as USDA reported a daily sale of 122,000 MT of soybeans for delivery to “unknown destinations” during the 2021-22 marketing year. …

Grain Spreads: Meal Snaps Back

Sean LuskGeneral Commentary

Commentary Soymeal traded higher today. I’m wondering was that due to the crush number released after the bell today, amid short covering ahead of the report ? Or did the trade anticipate a strong crush number and bulls use the recent dip as a buying opportunity given the recent weakness in bean oil as the oil share trade weakens some. …

Livestock Report

Ben DiCostanzoGeneral Commentary

Walsh Trading Daily Insights Commentary February Lean Hogs consolidated within Tuesday’s trading range. It opened higher, making the high at 80.65 in the opening 5 minutes of trade then traded to the low at 79.25. It consolidated the rest of the session and settled at 80.125. February Hogs are still trading at a stiff premium to the cash market (Lean …