Walsh Trading Daily Insights Commentary October Lean Hogs opened lower, traded to the session low at 94.70 and grinded higher to the high at 96.625, settling nearby at 96.325. The strength in the nearby (August) contract aided the lead contract as it surged to new highs for its recent up move. The cash market is still expected by most analysts …
Grain Spreads: Corn Case
Commentary Bearish forces strengthened last week as December futures sank to a six-month low. In my opinion rain and slightly milder weather in the Midwest the last week of July haver the potential to boost chances the crop will pollinate with little damage, meaning funds could continue to liquidate amid a removal of previously built weather premium. Historical patterns suggest …
Options Recommendations Grains 7/22
Options Hedging Recommendations and Opinions as of7/22/22 : Soybeans, Corn, Chicago WheatBelow prices reflect 7/22 values SOYBEANS November ’22 contract at 1327Futures price per cent of $50, Options price per cent of $50 Trade Opinion Beans 1Action:Buying Nov Put OptionBuying Nov 1140 putExpires:10/21/22Costs/Risk of Loss:.09 cents per contract, plus commission and feesAmount of Maximum Loss:$450 (9 X $50) per contract, …
Option Recommendations as of 7/22/2022
FEEDER CATTLE: Opinion: I am of the opinion that with the potential of a drop in production, Feeder Cattle price are cheap to buy right now. I will revise this opinion as market conditions continue to evolve. Action: Buy: October FC 189 call for $5 Expires: 10/27 Risk: $2500 (premium cost) + Fees [5 * $500 = $2500] Potential Max …
Soy & Corn Market Commentary
SOY The beans fall again based on the weather. The markets will liquidate as far as the technical’s will take them. Having said that. There still remains enough growing that the market will need to respect the fact that damage, especially in beans can occur. The weather at present looks beneficial overall. The dry areas have diminished. The temperatures are of …
Cattle Commentary
October feeder cattle closed up fractionally on the day today and well off the lows from earlier in the session. The volume on the day was slightly lower from the previous trading day as I suspect traders are just waiting for the report to come out tomorrow after the close and reposition on Monday. According to Steiner Consulting Group the …
Wheat Commentary
Good morning, as of this writing Wheat is mixed in trading this morning. Talks to resume Ukraine grain exports through the Black Sea are not where I feel they need to be yet but are progressing. All be it on light volume the Wheat market has trended higher this week on what I feel are worries that Ukraine won’t be …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs is now the lead contract as its volume has exceeded the volume of the August contract. It gap opened higher, pulled back and closed the gap, making the low at 94.45. It reversed direction and rallied the remainder of the session to the high at 96.20. It settled near the high at …
Market Commentary
SOY The beans were again under pressure. The weather has changed and fewer dry spots have the market in retreat. The market has failed a bit now and probably has dialed in much of the bearishness for the time being. I, however, remain bearish from a macro stand point. I am watching the AUG bean inverse to see if this …
Market Commentary
GENERAL EQUITY – The stock indices are rallying today. In my opinion as I’ve said the markets can bounce and are due a correction. It is my contention that the stock market has entered a bear market and the fundamentals won’t turn for some time. It is my thought people want to underestimate the slow down we are seeing. In …