As of Wednesday morning, 21 October 2026, the energy complex is weaker following reports of potential Russian return to talks, even in light of inventory draws in crude and gasoline inventories, each in excess of 3 million barrels; crude 3.1 million barrel draw and gasoline 3 million barrel draw, from this morning’s EIA report. As of this writing, crude oil …
Cattle Strength Continues
As of Wednesday morning, 21 October 2026, cattle strength continues as the market trades at a 3-month high with the December 2026 contract trading at/near 231.95, up 1.750 as of this writing, surpassing the highs of early August at 229.45, and a level this market has not seen since early July. Also of note, the long term daily chart seems …
MAR-JUL SOYBEAN SPREAD (ZSH27-ZSN27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 10/20/2026 MAR-JUL SOYBEAN SPREAD (ZSH27-ZSN27) Since March Soybeans (ZSH27) made their 52-week high of 1356 last month, it has only dropped 6% to 1273¼. March Corn, on the other hand, since making its 52-week high last month of 564 has dropped 16% to 476. I think Soybeans may have more room to …
Cattle Markets Make New High for Recent Up Move
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, October 27, 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 The Cattle futures markets made new highs for the recent up move on Friday as cash …
MAY-JUL SUGAR #11 SPREAD (SBK27-SBN27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 10/15/2026 MAY-JUL SUGAR #11 SPREAD (SBK27-SBN27) The Sugar #11 market has been on the rise since the MAR #11 Sugar contract (SBH27) traded 15.28 on 7/31/26. Today’s settlement of 21.13 for SBH27 is a new high settlement for the contract. I think that the strength in the Sugar #11 contract may continue …
Pure Hedge – Livestock and Grain
10/15/26 The Grains were all lower today, with several contracts making new 1-month lows. the November Soybean made a new 1-month low today at 1262 ¼ and settled just above it at 1263. The 1-month low in December Corn is 470 ¼ and today it settled 7 ¾ cents above that level and ½ a cent above the low of …
Walsh Pure Grain Technicals / Daily News – Pure Hedge Division
Dec’26 Corn Sharp selloff: October 9 closed down 20.50¢, or 4.10%. Lower prices: Corn fell from 483¢ on October 12 to 478¢ on October 15. Moving-average direction: All three averages are declining. The 7-day average is falling faster than the 21-day average. Support to watch: 476¢, followed by the October 9 low of 470.25¢. Resistance to watch: 483–488¢, then the …
Grain Spreads: KC/Chicago Wheat
Please join me this Thursday for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Wheat markets were mostly weaker most for the session but turned slightly higher into the close. Turmoil continues in the Black Sea with Ukraine refinery attacks and Russia sending ballistic missiles towards Kiev. Wheat markets chop steady to …
Pure Hedge – Livestock and Grain
10/13/26 The Sugar #11 Market is still moving higher, and today the March’27 contract traded up to 21.18, just six cents from the contract high at 21.24. I continued to buy more calls in the Option Market today and still feel the Sugar #11 could trade 30.00 or higher. The Grains all settled lower today, after the Soybean Oil took …
MAR KANSAS CITY-CHICAGO WHEAT SPREAD (KEH27-ZWH27) – UPDATE
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 10/13/2026 MAR KANSAS CITY-CHICAGO WHEAT SPREAD (KEH27-ZWH27) – UPDATE This is a quick update on last Thursday’s (10/8’s) trade suggestion (please see below). I suggested trying to sell the MAR KANSAS CITY-CHICAGO WHEAT SPREAD (KEH27-ZWH27) at +53. This is not a “recognized spread”, meaning it is not listed as a spread-market on …