The information and opinions expressed below are based on my analysis of price behavior and chart activity A bearish engulfment on the Weekly chart, immediately followed by a bearish engulfment on the daily chart. Is Bean Oil turning lower? Sign Up to receive Walsh Trading’s 1st Half of 2026 Market Outlook First Half of 2026 Outlook for the Livestock and …
Wheat Starts the Week Higher
SOYBEANS– Soybeans started the week lower, with the front-month contract leading November down. Beans may be seeing some pressure from the unwind in soybean oil. The soybean market may be able to avoid breaking before the mid-May China meeting if crude can stay elevated. May ’26 Soybeans (ZSK26) settled at 1160.75 (-15), high of 1183.75, low of 1160. November Soybeans …
Live Cattle Futures Makes New All-time high
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, April 13, 2026, at 3:15 pm. If you cannot attend live a recording will be sent to your email upon completion of the webinar. Sign Up Now Cattle futures started the week in a strong position with June Live Cattle establishing a new …
Soybean Meal Rallies on Friday
SOYBEANS– Soybeans closed the week higher, making a high at 1178 ¼ in the May contract. Soybean meal rallied hard today, after a morning flash sale for 100k mt to Italy. Soybean meal is showing technical strength and should help support beans next week. Soybean meal has resistance at the March high, 335 ½. Soybean oil is sitting at trendline …
Chart of the Day – June Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Sign Up to receive Walsh Trading’s 1st Half of 2026 Market Outlook First Half of 2026 Outlook for the Livestock and Grain markets. Thursday, April 9, 2026 June Live Cattle (Daily) On Monday of this week, June Live Cattle hit a new contract …
A Bearish WASDE and Forecasted Rains Drag Wheat Lower
SOYBEANS– Soybeans were able to finish the day positive, despite crude falling 7 dollars intraday. Today’s WASDE report was very quiet, as expected. No changes were made to the domestic balance sheet. World production was raised slightly but was offset by a higher crush number. Ending stocks were lowered from 125.31 mmt last month to 124.79 mmt. The May report …
Grain Spreads: Dec 26/27 Corn Spread
Please join me for a free grain webinar every Thursday at 3pm Central Time. We discuss supply, demand, weather, and the charts. Sign Up Now If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now Commentary Corn continues to search for a bottom as war premium …
Wheat Moves Lower Ahead of Tomorrow’s WASDE Report
SOYBEANS– Soybeans were up 1 cent in the overnight session and continued higher during today’s session. Tomorrow’s report is expected to be one of the quieter reports of the year. The USDA may decide to raise their crush estimate and lower exports on tomorrow’s report. The average estimate for ending stocks on tomorrow’s report is 349 mb, compared to 350 …
Pure Hedge – Livestock and Grain
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