COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs opened higher and broke down to the session low at 91.625. It recovered and rallied to the high at 93.275. It settled at 93.10. The rally stalled once again just below resistance at 93.50 and settlement was above the key level at 92.375. The session’s range was within Friday’s range forming an …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs is now the lead contract as its volume has surpassed the volume for the August contract. It opened lower and made the session low at 91.30. It rallied and made the high at 93.40. It pulled back and settled at 92.625. The rally stalled just below resistance at 93.50, but settlement was …
Grain Spreads: 3 Way Option Play Examined
Commentary The November contract posted its second weekly decline in the past three, a potential warning sign for market bulls hoping for another run at the June contract highs. Hot weather on top of persistent dryness in the eastern Dakotas and other growing areas remains concerning, and an argument can still be made the market’s longer-term uptrend remains intact. But …
Soy Market Commentary
COMMENTARY: The soy was under heavy pressure across the board early on. The market slowly climbed off the lows through the session as the day progressed. The feature the last few days was the oil share and the slide we witnessed. Today could have marked a low for a minute. The weather has not changed in any material way. This …
Soy Market Commentary
COMMENTARY: The soy has been volatile over the last week and a half. There are potential changes going on that could have an impact. As suggested there will be increased volatility and risk throughout the summer. The feature of the week in my opinion has been the overall weakness in the bean oil market. The Argentinian Bio market is in …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs is now the lead contract as its volume has surpassed the volume for the August contract. It opened higher and made the session low at 91.175. It grinded higher the rest of the session and made the high at the end of the day at 92.45. It settled at 92.40. The rally …
Livestock Report
Walsh Trading Daily Insights Commentary October Lean Hogs is now the lead contract as its volume has surpassed the volume for the August contract. It opened unchanged from Monday’s settlement and made the session low at 89.15. Bulls took over and it rallied the rest of the session and made the high at the end of the day at 91.20. …
Grain Spreads: August Weather Eyed
Commentary Corn and Soybean futures rebounded after yesterday’s setback as stock futures rallied as did crude oil following Mondays rout. The grain market went bid overnight as good to excellent conditions only gained 1 point better in the good to excellent category, while Spring wheat plummeted again. I think we will get a better gauge on conditions following next week’s …