Soy and Corn Market Commentary

walshtrading General Commentary, Grains Leave a Comment

SOY The markets firmed today on expectations next week the carry over could decline yet again. The Argentinian crop has been under stress and is most likely in decline. This also has been supportive. The Brazilian weather has been beneficial of late and most private analysts are predicting an increase in production. The end result is the USDA could show …

Ag & Equity Market Commentary

walshtrading General Commentary, Grains Leave a Comment

General Ag Commentary The Ag markets in general are close to the highs of the last twelve months. The bean, meal, and oil spreads are all inverted as well as corn.  This all makes sense given the tight domestic carry. In general, however, today’s action was of some concern. A large move up that ultimately failed. Is the market indicating further …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary April Lean Hogs opened strong and took out resistance at 87.10 on its way to a limit up move to the session high at 88.35. It wasn’t able to sustain the limit move and settled nearby at 87.925. Reports of ASF in China has traders rethinking the China narrative that it has its hog population …

Grain Spreads: July21/Dec21 Meal

Sean Lusk General Commentary Leave a Comment

Commentary The meal market has been under pressure lately as the all interest in Soy has been in the Soybean or Soybean oil sector. The interest in those two contracts is valid given increased global demand against diminished supplies. Managed funds have taken notice. However, meal could be the sleeper here as we move into Spring. A reduced crop in …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary April Lean Hogs opened lower, made the session high at 87.075 and then declined the remainder of the session, making the low at 85.125. It settled nearby at 85.35. The sell-off nearly took Hogs down limit and the bearish evening star candlestick pattern was in charge. The break down slid past support at 85.375 and …

Grain Spreads: July/Nov Soybeans

Sean Lusk General Commentary Leave a Comment

Commentary Weather worries continue to plague South American growing areas as too much rain in Brazil hampers harvest activity, while hot and dry conditions in Argentina persist amid a classic La Nina weather pattern. Brazil harvest is at 25 percent for soybeans while second crop corn planting is only at 33 percent planted versus 67 percent this time last year.. …

Soy & Corn Market Commentary

walshtrading General Commentary, Grains Leave a Comment

Commentary: SOY                (n) crush 61 cents , (n) oil share 36.6% The markets rebounded  today. The Brazilian harvest remains a bit behind schedule with harvest. This is the slowest pace in approx a decade. The market is finding some support with this. The other side of the coin is that the Brazilian crop appears to be larger than anticipated earlier. The firm …

Soy Market Commentary

walshtrading General Commentary, Grains Leave a Comment

Commentary: The soy corrected across the board today . The beans , meal , and oil ,with the vegoil the downside leader on a relative basis.  The funds appear to be lightening the length on some profit taking perhaps . The crush for Jan was released . Another record for the month at 196.5. The all time record is 196.6 mil …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary April Lean Hogs opened higher, traded to the session high at 90.275 and then declined the remainder of the session, making the low at 86.80. It settled nearby at 87.15. The sell-off nearly took Hogs down limit and it completed a bearish evening star candlestick pattern at the top of a strong rally. The break …

Grain Spreads: July/Dec Corn

Sean Lusk General Commentary Leave a Comment

Commentary: Spot corn futures touched $5.40 overnight, the lowest since Feb. 16. May corn futures rallied to $5.59 ¼ earlier this week and at today’s week and monthly close finished at 547.4, up approximately 6 cents higher on the week. The potential for a buying exhaustion after falling short of the contract high $5.72 earlier this month could be concerning …