SOYBEANS–
November beans made a high at 1244 ½ in the overnight session and faded lower during today’s session. There was another flash sale this morning for 150k mt of soybeans for delivery to an unknown country. Soybean oil had another strong rally today, while meal reversed lower after 4 consecutive days of moving higher.
November’26 Soybeans (ZSX26) settled at 1236 (-1.25), high of 1244.5, low of 1234.5. January ‘27 Soybeans (ZSF27) settled at 1250.50 (-.75), high of 1259, low of 1249. Cash price is at 1230 (+23)
December Bean Meal (ZMU26) settled at 323.8 (-2.30) high of 328.8, low of 323.1
December Bean Oil (ZLK26) settled at 71.36 (+1.40) high of 71.42, low of 69.67
Meal to Oil ratio (47.0% Meal – 53% Oil)
ZSX26 Moving Averages – (1219) 5-day, (1198) 20-day, (1182) 50-day, (1176) 100-day, (1140) 200-day
ZSF27 Moving Averages – (1234) 5-day, (1213) 20-day, (1196) 50-day, (1189) 100-day, (1152) 200-day
ZMZ26 Moving Averages – (320.6) 5-day, (319.8) 20-day, (314.9) 50-day, (315.5) 100-day, (317.6) 200-day
ZLZ26 Moving Averages – (70.14) 5-day, (68.78) 20-day, (68.79) 50-day, (69.41) 100-day, (61.47) 200-day
CORN –
December’26 Corn settled at 502.50 (+4.50) (ZCU26) high of 506.25, low of 497.25. March ’27 Corn (ZCZ26) settled at 517 (+3.25). Cash price is 485 (+9)
December corn made its move back over $5 today. The Pro Farmer crop tour has been finding less than perfect field, while strong demand for US corn and higher energy prices have been supportive.
ZCZ26 Moving Averages – (492) 5-day, (475) 20-day, (461) 50-day, (471) 100-day, (469) 200-day
ZCH27 Moving Averages – (508) 5-day, (490) 20-day, (477) 50-day, (486) 100-day, (482) 200-day
WHEAT –
December Chicago Wheat (ZWZ26) settled at 699.50 (+2), with a high of 708.75, low of 693. March ‘27 Wheat (ZWZ26) settled at 717.25 (+2). Chicago Wheat has a cash price of 637 (+15). December KC Wheat (KEZ26) settled at 776 (-.75)
December Chicago wheat made a high at 708 ¾ this morning before finding support near 695. Wheat has been keeping its gains relatively well in both the Chicago and KC contract. December Chicago wheat has support at 688, while KC wheat has support at 766.
ZWZ26 Moving Averages – (691) 5-day, (673) 20-day, (654) 50-day, (653) 100-day, (623) 200-day
ZWH27 Moving Averages – (708) 5-day, (689) 20-day, (669) 50-day, (668) 100-day, (638) 200-day
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc.
Hans Schmit
Broker, Pure Hedge Division
312-765-7311
hschmit@walshtrading.com
Walsh Trading, Inc.
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.