SOYBEAN HEDGE OPPORTUNITIESPRODUCERS MONTH STRIKE PRICE PREMIUM COST NOV ‘22 1300 4.875 $243.75 1280 3.125 $156.25 1260 2.125 $106.25 JAN ’23 1160 4.125 $206.25 MAR ’23 1100 4.625 $231.25 JUL ’23 1000 4.500 $225 END USERS MONTH STRIKE PRICE PREMIUM COST NOV ’22 1660 .375 $18.75 1700 .250 $12.50 1760 .125 $6.25 JAN ’23 1800 1.625 $81.25 MAR …
PURE HEDGE– Cattle
PURE HEDGE CATTLE In my opinion, the medium to short term outlook on the cattle market looks to neutral. The cattle market looks to be consolidating here as demand is weak in the near term but supply concerns for the 1st quarter are keeping the market from completely bottoming out. In order to take full advantage of price discovery, we …
Soy & Corn Market Commentary
SOYBEANS The bean market was under some pressure again today. The main reasons for the decline. The bean sales are slowing. The Chinese purchases overall are lower. In addition, harvest weather looks fairly good overall. The dollar rally has and will have an overall impact on commodities going forward. The dollar rally is sincere and is not a fleeting scenario. …
Livestock Report
Walsh Trading Daily Insights Commentary November Feeder Cattle opened higher and broke down to the session low at 174.40. This is just above the recent low at 174.225 and bulls took over and price rallied the rest of the session to the high at 177.625. It settled near the high at 177.325. Feeder Cattle is in a trading range from …
Livestock Report
Walsh Trading Daily Insights Commentary November Feeder Cattle consolidated within Monday’s trading range forming an inside candlestick. The high was at 176.775 and the low at 174.725. It settled at 175.20. It revolved around the 175.70 support level, settling below it. A failure from settlement could see the September 29th low at 174.225 tested. Support then comes in at 173.325. …
Grain Spreads: Corn Potential
Commentary USDA late Monday reported 20% of the U.S. corn crop was harvested as of Sunday, up from 12% a week earlier but slightly behind the 22% average for that date the past five years. The key though and what the trade will be keying on is the next WASDE report out on Wednesday October 12th at 11am Central. Will …
Livestock Report
Walsh Trading Daily Insights Commentary November Feeder Cattle opened on the low at 174.525, raced to the high at 177.10, pulled back and consolidated the rest of the session to settle at 176.05. The rally took price past resistance at 175.80 and just under the 100-DMA at 177.35. Strength in Live cattle and outside markets helped Feeders gain some footing …