Post Archive by Month

Commentary I keep hearing that delayed corn planting raises a cautionary flag of higher odds for below-trend yields. Per Pro Farmer, since 1986, there have been seven other years — 1993, 1995, 1999, 2008, 2011, 2013 and 2018  in which the corn planting pace was only single digits completed as of April 24. In five of those years, the national …

June Hogs continued to sell off, trading limit down briefly before slightly bouncing off the lows near the market close, settling at 106.375. I thought there would be some sort of support after Thursday’s trade which showed a potential reversal pattern but I was wrong. The volume traded today was more than the previous two sessions, although there could be …

Feeders were hit hard today as the May contract’s LTD is tomorrow the 28th. With that being said, the August contract took the worst of it and fell $4.20. Heavy volume was traded in the August contract which makes me believe there will be a washout of the weak long positions before there is any sort of support or bounce …

Cattle futures had a choppy trade Tuesday with the June futures trading inside yesterday’s range and closing at 136.25. The volume was light with only 19,000 contracts traded. I heard on Monday that there have been cash trades at the 140 level in both Kansas and the Oklahoma/Texas region on heavy volume with about 6200 head traded. It’s starting to …

Walsh Trading Daily Insights Commentary June Lean Hogs continued its decent on Tuesday, breaking down past support at the 50-DMA (112.475) and taking out the April 5th low at 112.20 to a new low for the down move at 110.60. The high came in early in the session at 114.825 and settlement was at 111.175. The inability of cutouts to …

Walsh Trading Daily Insights Commentary June Lean Hogs nosedived right from the open as China worries, weak equity markets and a strong dollar inflicted a wave of bearishness through the market. The US $ index exploded higher on Monday, dampening prospects for exports and with the China lockdowns ongoing as they have not been able to achieve zero infections from …

CommentaryLast week saw a major squeeze on the oil share shorts that was launched early Friday morning as it was reported that Indonesia, the largest palm oil producer and exporter in the world, was halting its oil exports as of April 28th to control domestic oil costs. However over the weekend, Indonesian government officials told palm oil companies that an …

Cattle futures traded lower today after it gapped lower on the open and hitting a low of 134. 45 but had a nice bounce off the lows to close at 135.425. The USDA cattle on feed report that was released on Friday after the market close and showed a 1.7% increase for cattle on feed, while placements were only down …

Walsh Trading Daily Insights Commentary June Lean Hogs opened lower, made the high at 119.10 and broke down to the low at 116.55 by mid-morning. It consolidated the rest of the session and settled at 117.175. The break down took price below support at 117.20 and sets up the beak out candle low from April 12th as a key psychological …

Walsh Trading Daily Insights Commentary June Lean Hogs gap opened lower, closed the gap while making the high at 121.075 and broke down the rest of the session, making the low at 118.325 at the end of the day. Settlement was at 118.75. The break down took price below the Monday break out rally low and the Wednesday low was …