7/23/26 Well, yesterday was just fine, with the Cattle Markets breaking and the Soybean Oil shooting higher. The October’26 Feeders traded through my target level at 330, and I took off all of my short futures and options positions in the Fats and Feeders, and it worked out very well. Today, the Cattle Markets did not do much, when compared …
DEC-JUL SOYBEAN OIL SPREAD (ZLZ26-ZLN27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 7/23/2026 DEC-JUL SOYBEAN OIL SPREAD (ZLZ26-ZLN27) I have recently expressed that I believe the Soybean Oilshare is not done increasing. I think it will continue to increase over the next six months or so. My favorite way to play this is buying soybean oil spreads. Nothing is always in the commodity futures …
Corn and Beans Close Slightly Higher on Thursday
SOYBEANS– Soybeans traded as high as 1149 ½ in the November contract before selling off sharply at mid-day. In addition to the psychological resistance at 1250, soybeans have trendline resistance at 1252. The 8-14 day forecast shows below average rainfall in the upper Midwest. September ’26 Soybeans (ZSU26) settled at 1227.75 (+1.75), high of 1236, low of 1223.75. November …
Grain Spreads: Dec 26/Dec 27 Corn
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 Managed money is at again the grain complex as threats to maritime transit is the theme of the week. escalations being seen in the Strait of Hormuz, Black Sea, and now Red Sea, the most front-of-mind …
Pure Hedge – Livestock and Grain
7/21/26 The Cattle Markets had several price swings today, both negatively and positively, with the Fats and Feeders both settling fractionally lower. This past Friday on 7/17 the October’26 Feeder Cattle traded close to my target level at 330 and made a new 1-month low at 330.52 ½. Yesterday the October’26 Feeders settled 7-dollars higher and todays trade did not …
Grain Spreads: Wheat Rising
Please join me every Thursday for a free grain webinar at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Kansas City wheat closed with buyers active on the close pushing values up over 10 cents on the day while Chicago finished up 5 cents. The action shows the unknown in the Black Sea will …
Wheat Reverses Higher on Tuesday
SOYBEANS– Soybeans finished the day lower today, making a low at 1217 ¼. There’s a triple top pattern forming on the weekly chart. However, if the weather stays dry and the geopolitical situation continues to worsen beans may be headed higher. Soybean meal looks cheap after the move above 1200 in beans, and soybean oil should be supported by …
Hog Rally Stalls and Retreats
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, July 21, 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. …
Grain Spreads: 4 Trades
Mid-Summer Game Plan Soymeal I believe in meal long term due to 30-year lower harvests in the US Hard Red Winter Wheat belt and potentially EU due to heat and drought. The thinking is less wheat moving into feed rations, where meal is a cheaper alternative. I’m not looking for miracles here, just an eventual move in May 2027 meal …
Wheat Trades Lower After Last Week’s Rally
SOYBEANS– Normal rain is expected over the next two weeks, but hot weather should help support the market. August is expected to be hot and dry. There were flash sales this morning of 264k mt to China and 110k mt to an unknown destination. China’s Xi Jinping is expected to visit the White House in late September. Friday’s COT …