Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: A couple brief thoughts regarding the markets. I trust everyone enjoyed the fourth. Here we go, the desire to find a hot dry comparison. The 2021 season is drawing attention. First I would say that mother nature is truly unpredictable. Anything is possible. However, it is my thought today that the temperatures overall are normal for this type of year. …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

August Lean Hogs saw some follow through to the downside after Monday’s weak close. It traded down to 48.225 and settled at 48.875. Hogs are in a trading range with the low at 47.525 and the high at 50.35. Support on Wednesday is at 46.30 and then 43.05. Resistance is at 49.35, 50.475 and then 51.80. The Pork Cutout Index …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

                                                                           Walsh Trading Daily Insights                                                                                         Commentary     August Lean Hogs opened higher, rallied to the session high at 50.35 closing some more of the 50.60 – 49.375 gap then broke down and traded to the session low at 49.20. It settled near the low at 49.275. Hogs are in a downtrend in my opinion and the gap has been …

Grain Spreads: Value Play

Sean Lusk General Commentary Leave a Comment

Commentary: Its been said when markets can’t break on bearish news they inherently become bullish. Im switching gears here as I scan the Board looking for perhaps a value or inflation play for the 3rd and 4th quarter. Hogs look cheap to me further out on the calendar. I included a chart of December hogs below. In my view Hogs have …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

    August Lean Hogs opened lower and traded to the session low at 48.10. The market reversed course and surged closing some more of the 50.60 – 49.375 gap with the session high at 50.00. Of course, the rally couldn’t hold and it pulled back settling at 49.075. Hogs are in a downtrend in my opinion and the gap could …

Grain Spreads: Surprises and Realities

Sean Lusk General Commentary Leave a Comment

Commentary: Accompanied with today’s written report is the weekly continuous Corn chart with December as the most actively traded contract. The last three days have seen the corn market first short cover into Tuesday’s prospective plantings and on farm stocks report, and then rally after its findings. From Monday’s low to today’s high saw a 40 cent rally from low …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Commentary: August Lean Hogs consolidated near the lows. It was able to eat into by a few ticks the above gap but just drifted for the most part. Back months faired better as they were up over a handle on the day. The gap from Thursday’s low at 50.60 to Friday’s high at 48.95 narrowed slightly with the session high at …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The Nass report today opened the door for some reasonable expectations and adds a good feeling to the markets. First the soy complex witnessed reasonable fund buying through the day. The report today added approx half a million acres. The trade was looking for a larger gain. The bean rally could extend a bit further and then sales could …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

 Commentary     August Lean Hogs made a new low for the down move at 47.525, recovered and rallied to the session high at 49.125, then settled in the middle of the trading range at 48.45. It formed an outside candlestick as the range was wider than Friday’s range. There is a gap however from Thursday’s low at 50.60 to Friday’s …

Grain Spreads: Pre Report USDA Movement

Sean Lusk General Commentary Leave a Comment

Trend and Index following funds who have amassed sizable shorts in corn and wheat took profits today while longs in beans most likely did the same. Surprises on the quarterly reports are often seen with either the on-farm stocks number being adjusted or a curve ball being thrown with prospective plantings thus giving the trade a surprise. No matter the …