Soybeans– Soybean oil was limit up today. The big move in soybean oil was because of the EPA’s announcement of higher RVOs for bio-mass based biodiesel, raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Biofuel groups and others in the industry had been awaiting this announcement …
5 Minutes on the Markets – 06/13/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! **this one’s a bit longer than 5 minutes, I do try to keep these a short as I can, but there’s a lot to talk about today** Live Cattle futures closed lower and seem to be losing some bullish momentum. Feeders …
Chart of the Day: August Crude Oil
This chart of August crude oil attracted my attention. There are seven days of higher highs. I have noticed that markets typically trend up only three days in a row. Seven days of higher highs point to a trend higher and show momentum higher. The main fundamental behind this is Middle East tensions, specifically with Iran. Chart courtesy of CQG. …
Pure Hedge – Livestock and Grain
6/12/25 . . If you don’t like the customer service or lack of personal attention you are receiving at your new and very large brokerage house, you have options, and you don’t have to stay there. Account transfers are easy and so is opening a new account. . . If you would like to receive more information on the commodity …
Chart of the Day – September Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, June 12, 2025 Every morning, at about 8 AM CST, I post a short video highlighting where I see opportunities in the futures markets. You can view my most recent video here September Wheat (Daily) Today, September Wheat (Chicago) closed at 5.41 …
USDA Lowers Old and New Crop U.S. Corn Ending Stocks
Soybeans– The June WASDE report came out this morning. Soybeans closed lower despite the friendly report. New crop ending stocks were unchanged at 295 mb, in-line with analyst estimates. Old crop ending stocks were estimated at 350 mb, unchanged from last month. The trade expectation for old crop soybeans was 353m. No changes were made for Brazil and Argentina’s old …
5 Minutes on the Markets – 06/12/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle market remain at elevated levels, but seem to be struggling with overhead resistance. Perhaps traders are waiting for confirmation that cash sales will jump higher again this week. Lean Hogs posted another new contract high close. Grains and Soy are …
Grain Spreads: Weather Improving
Please join me for a free grain webinar every Thursday at 3pm Central Time. We discuss trade ideas along with supply, demand, weather, and the charts. Sign Up Now Commentary Grain futures were stronger in the overnight session last night, and while the day trade started on the positive side as well, gains were limited early on and then suffered …
Walsh Pure Spreader
6/11/2025 Settlement : 28½ Day’s Range : High 35, Low 28½ 52-Week Range : High +37¼, Low 4¾ Last week I wrote about possibly looking for opportunities to start buying the SEPT’25 over/minus DEC’25 Corn Spread (ZCU25-ZCZ25) near -18 and to possibly start buying the JULY’25 over/minus the DEC’25 Wheat Spread (ZWN25-ZWZ25) near -39. Today’s suggestion is only …
How Will the June WASDE Affect the Grains?
Soybeans– The U.S. made an made a trade deal agreement with China, following the meetings in London this week. The U.S. will have a 55% tariff on China, while China will keep a 10% tariff on the U.S. Progress has also been made on trade agreements with India and Canada. Soybeans did not have a strong reaction to the news …