SOYBEANS – Soybean planting is at 76% as of 5/25, up 10% over last week. Planting is well ahead of schedule with the 10-year average for this time of year being 63%. The national crop was 50% emerged, ahead of the average at 40%. May saw above-normal rainfall in the South and East Coast with total drought coverage for the …
Walsh Pure Spreader
Rich Moran’s Thoughts on Corn …. As we approach the summer months, the expectations remain for a strong corn harvest. Even with the projected high demand, these expectations have July corn hitting a low today of $4.34, it’s low since last fall and not far from its 52-week low of $4.22. This is almost a dollar off its 52-week high …
5 Minutes on the Markets – 06/04/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Livestock futures closed lower on Tuesday. Live Cattle seem the heaviest to me and may be ready for a sell off. The trend is up in Cattle, Feeders and Lean Hogs, and I don’t have any active “sell” signals in these …
Pure Hedge – Livestock and Grain
6/3/25 . . 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 – August Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, June 3, 2025 August Live Cattle (Daily) Today, August Live Cattle closed at 209.750, down 1.250 on the day. It is Tuesday, so this may have been a “Turnaround Tuesday” trade, temporarily reversing the direction of Monday’s trade. We did see a …
Grain Spreads: Nov 25/Nov 26 Soybean Spread
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary I’m looking for cheap plays that are low risk and high reward in the soy sector. While I would rather be early with a strategy than late, the month of May was painful if one …
Soybeans Lead the Grains Higher
SOYBEANS – U.S. planting is 84% complete compared to 77% last year at this time. Planting is lagging behind in the South with Tennessee, Kentucky, and Mississippi having the slowest planting pace. Despite mixed conditions in Brazil, StoneX raised its Brazil crop estimate to 168.25 mb. The USDA estimate is 169 mb. Soybean crush came out yesterday. NASS soybean crush …
5 Minutes on the Markets – 06/03/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle posted gains to start the week. My expectation is that Cattle futures continue the uptrend, as cash cattle trade is taking place at prices well over the futures price. Lean Hogs couldn’t quite fill that overhead …
Cattle Markets Bounce Back
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, June 03, 2025, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Wheat Market Trades Higher to Start the Week
SOYBEANS – Soybeans made another big swing lower today due to weather, after closing lower on Friday. Weather lately has been good for early development. Rains continue to show up in the 10-day forecast across the Plains and Midwest. Trade talks between the U.S. and China broke down. For the week ending May 22, soybean sales were 178k. Cumulative soybean …