Commentary With all the attention being paid to the war in Eastern Europe and rightfully so, issues with the winter wheat crop at home are surfacing here and causing some concern in my view.. Its true that the Black Sea usually accounts for 30 percent of the global wheat export market, Its a big reason why the market challenged 13.00 …
Grain Spreads: Wheat Rationing
Commentary KC and Chicago wheat hit levels not seen since 2008 in trading today. Wheat futures posted fresh contract highs on the escalating Russia/Ukraine conflict, which has raised major concerns about the availability of supplies from the Black Sea region. The Minneapolis wheat touched a new high since 2011. The absence of Black Sea wheat is beginning to be felt in …
Livestock Report
Walsh Trading Daily Insights Commentary April Lean Hogs surged on Tuesday, ignoring continued fighting in the Ukraine and the soaring grain markets. Tuesday saw hog fundamentals reassert control and the price action created a morning star candlestick pattern in the April Hogs. Slaughter levels remain low and I believe it’s because hog numbers are down more than expected and pork …