SOYBEANS– Soybeans closed slightly lower on the day. July beans made a low at 1177. Soybean oil had a strong move higher to start the week and is coming up against resistance. Soybean meal finished the day lower and may have further downside ahead. July ’26 Soybeans (ZSN26) settled at 1180.75 (-2.25), high of 1187.25, low of 1177. November Soybeans …
WRT World Agricultural Supply and Demand April 19
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Cattle Markets Trade Lower in Front of the Cattle on Feed Report
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, April 21, 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 strong, rallying to all-time high prices in the Live Cattle market …
Grain Spreads: July26/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 The main driver of the grain market in early trade today was pre-weekend position squaring and developments in the Persian Gulf. This week’s trade has been rather volatile, which is not uncommon in a headline-driven …
Soybeans Reverse Higher on Friday
SOYBEANS– July beans made a low just after the open at 1168 before reversing higher. Soybean oil closed lower today along with meal. Soybean oil is holding trendline support for now but could be headed lower with the weakness in crude. If that materializes, soybeans may break as well. July beans have strong resistance at 1200. July ’26 Soybeans (ZSN26) …
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 16, 2026 June Live Cattle (Daily) Today, June Live Cattle closed at 247.625, down 3.450 on the day. …
Wheat Rallies on Thursday
SOYBEANS– Soybeans closed lower on Thursday. Soybeans have been trading largely sideways since the limit down day on March 16, while meal and soybean oil prices remain high. The market is likely waiting on the meeting between Trump and China next month before making its next move. The weekly chart shows May beans closing at its resistance level. May ’26 …
Grain Spreads: Wheat Holds Support
Please join me every Thursday at 3pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary The wheat complex traded defensively overnight with additional pressure seen at the day session open. A two-sided market with the uncertain rain forecasts bringing the wheat market to the positive side in the second half …
JUL-SEP ’26 CORN SPREAD (ZCN26-ZCU26)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 4/14/2026 JUL-SEP ’26 CORN SPREAD (ZCN26-ZCU26) July Corn (ZCN26) has trended down from 484 on 3/23/26 to 448½ this past Friday, 4/10/26. For the last few trading sessions, it may have stabilized somewhat and has been hovering just above 450. I think higher fertilizer prices, as a result of the war with …
Wheat Trades Higher on Tuesday
SOYBEANS– Soybeans closed lower on the day today. The May chart looks like it has strong resistance above. Harvest in Brazil is nearing completion at 90% harvested. CONAB estimates Brazil’s crop at 179.152 mmt. If CONAB’s estimate materializes that would be a new record crop for Brazil, and a 4.5% production increase from 2025. May ’26 Soybeans (ZSK26) settled at …