Commentary The wheat markets went into the January 12th WASDE report on a downer, having retreated over a dollar in the last 15 days. USDA added more fuel to the bear fire in my view with increases in carryover and reduced exports sending prices into new lows on Friday Jan 14th. December 1 stocks were 1,390 billion bushels, down 18.5% …
Grain Spreads: Bean Spreads
Commentary The USDA’s January WASDE was released this morning at 11 am Central. They noted for soybeans that harvested acreage fell slightly while yields rose slightly versus last month, resulting in a 10 million bushel production gain overall versus November (about as expected) at 350 million bushels versus 348 million the average trade guess. That data carries through the balance …
Livestock Report
Walsh Trading Daily Insights Commentary February Lean Hogs continued on its downward trek, trading past support at 77.80 to the session low at 77.55. It was able to bounce back a touch and settled just above support at 77.85. The high came in at 78.50. Lower slaughter levels due to the worker shortages continue due to the expanding wave of …
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