9/3/26 I feel today was a huge selling opportunity in the Cattle Markets. I am still looking for the October’26 Feeder Cattle to trade down to the 306.00 level, and or lower. I do not believe the Cattle Markets have found a bottom yet. I would recommend selling into any market strength from here, until a bottom is found. Palm …
Feeder Cattle Trade Idea
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, September 15, 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 We believe feeder cattle supplies remain tight. We think they will get even tighter as we …
MAR-MAY Sugar #11 SPREAD (SBH27-SBK27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 9/2/2026 MAR-MAY Sugar #11 SPREAD (SBH27-SBK27) The Sugar #11 market has been rallying since the MAR #11 Sugar contract (SBH27) traded 15.28 on 7/31/26. This rally has continued through today’s session where it settled 19.64. It has not settled below the 14-day moving average or the 21-day moving average that entire time. …
The Grains Close Lower on Wednesday
SOYBEANS– There was another flash sale to China this morning this time for 202k mt. Demand from China has been very strong recently, if it continues the USDA may decide to raise their export forecast. November’26 Soybeans (ZSX26) settled at 1308.75 (-9), high of 1324, low of 1300. January ‘27 Soybeans (ZSF27) settled at 1323.50 (-9.25), high of 1338.75, …
Pure Hedge – Livestock and Grain
9/1/26 . . The Cattle Markets are dancing around the 315.00 level in the October’26 Feeder Cattle, and I feel that will need to change before any rally can occur. I feel the October’26 Feeders need to break another 10-30 dollars, before a real bottom can be found, and there is not much of a chance of a rally to …
VEGETABLE OIL THOUGHTS
The Soybean oil is in a very interesting situation. The market may be poised to still have a dynamic move into the 2027 season. To understand the potential opportunity, we need to review the global outlook. For clarity I say potentially because this is a theory based on the facts as I am perceiving them, and risk exists. The soybean …
MAR SOYBEANS vs. MAR CORN + MAR WHEAT
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 9/1/2026 MAR SOYBEANS vs. MAR CORN + MAR WHEAT [(ZSH27) – (ZCH27+ZWH27)] The grain markets have obviously been on a tear. We are routinely seeing new highs in grain markets these days. I think I understand the recent strength of the corn and wheat markets. I have been hearing nothing but bad …
Grain Spreads: Funds Add Length
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 Funds were estimated buyers of 35,000 corn contracts today with an estimated net position of 454,000 contracts; besting the record net long of 429K back in 2010. Dec corn futures last traded this high in …
Soybean Oil is Back
SOYBEANS– The entire soybean complex was sharply higher today. China continues to buy soybeans. Another 136k mt sale was reported today. Yesterday’s EPA announcement was bullish for soybean oil despite the decision to increase refinery blending exemptions because of reallocations. The latest Crop Progress report points toward the crop size getting smaller rather than larger. November’26 Soybeans (ZSX26) settled …
Hogs Stage Month-end Rally
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, September 01, 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. …