WALSH PURE SPREADER Pure Hedge Division RICH MORAN 10/8/2026 MAR KANSAS CITY-CHICAGO WHEAT SPREAD (KEH27-ZWH27) Hard Red Winter Wheat minus Soft Red Winter Wheat is more commonly known as the Kansas City-Chicago Wheat Spread. These wheats are similar, however they are used for different end products. Kansas City (Hard Red Winter) Wheat is used for all-purpose flour and is found …
Chicago Wheat Trade Idea
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, October 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 Funds are short wheat. With the continued attacks by both sides on the Black Sea causing …
Walsh Soybean Opportunities – Pure Hedge
If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now Soybeans started the week off strong after comments from the White House saying that China is going to double their purchases of U.S. agricultural products, but the November contract closed below 1300 during today’s session. Recently …
Meal Rallies $10, SBO Moves Lower
The October WASDE is the one of the more volatile reports historically, 2nd/12. But the pre-report estimates from Bloomberg are not expecting major changes. The average yield estimate is 52.9 bpa from 52.8 bpa last month, while ending stocks are expected -1 million bushels to 309 mb. There was likely some short covering in meal today. November’26 Soybeans (ZSX26) settled …
Energies Mixed Betwixt EIA and FOMC Minutes
As of Thursday morning, 7 October 2026, Energies markets are pricing the morning’s EIA report ahead of FOMC minutes report due out at 1 PM Central Time. The morning’s EIA report showed a draw of 3.2 million barrels, which is one factor in the front month CLX26 Crude Oil WTI contract trading closer to the lows of the day down …
MAR WHEAT-CORN SPREAD (ZWH27-ZCH27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 10/6/2026 MAR WHEAT-CORN SPREAD (ZWH27-ZCH27) The grain markets were strong today with MAR Wheat (ZWH27) slightly outperforming MAR Corn (ZCH27) by a ½ cent. This kept the MAR WHEAT-CORN Spread (ZWH27-ZCH27) above both the 14-day and 21-day moving averages after finally settling above those moving averages yesterday. The last time this spread …
Grain Spreads: Long Term Wheat Plan
Please join me for a free grain webinar this Friday at 2pm Central. We will discuss supply, demand, weather, and the charts. Sign Up Now Commentary Wheat finished strong and near the highs of the day on Black Sea events and the slow US winter wheat sowing pace. Major HRW states Kansas, Oklahoma, Texas and Colorado were all well behind …
Soybeans and Meal Lead the Grains Higher on Tuesday
Soybean meal was sharply higher today, bouncing off the 50 DMA. Soybean meal has resistance at the 10 and 21 DMA next. Harvest is 25% complete and 5 points behind the ten-year average pace. November’26 Soybeans (ZSX26) settled at 1303 (+24), high of 1305, low of 1278.25. January ‘27 Soybeans (ZSF27) settled at 1320.75 (+23.25), high of 1320.75, low of …
Hogs Rally
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, October 05, 2026, 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 Leads the Grains Higher to Start the Week
Soybeans made a high this morning at 1297 ¼ before fading the rest of the day. Soybean meal finished close to unchanged after a morning rally, and soybean oil was sharply higher. Weather is expected to shift to a drier pattern this week for most of the Midwest. November’26 Soybeans (ZSX26) settled at 1280.75 (+2.75), high of 1297.25, low of …