Pure Hedge– Cattle

Peter McGinn General Commentary Leave a Comment

In my opinion, the medium to long term outlook for the cattle market is still bullish.  In review of the daily charts, I would suggest this recent move upward, caused by a lack of production into the 4th and 1st quarter.  December Live cattle futures rallied this week making puts on all contracts cheaper for downside risk. Feeder cattle back …

Grain Spreads: Corn Counting

Sean Lusk General Commentary Leave a Comment

Commentary New-crop Corn acreage down slightly with yields down 1.6 bushels per acre 10 175.4 versus the average trade guess at 176. The lower yield pushed production by almost 150 million bushels from July. New-crop feed use and exports both cut by 25 million bushels. Overall ending stocks for 2022/23 Corn down 82 million bushels from last month coming in …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary October Lean Hogs broke out to a new high for the recent up move on Wednesday, trading up to 101.00, while making the low at 99.80.  It settled near the high at 100.85. It was another breakout session for the hogs after consolidating within Monday’s trading range on Tuesday. This time pulling away from the …

Grain Spreads: Profit Taking

Sean Lusk General Commentary Leave a Comment

Commentary Grain futures rallied again overnight on fears that this month’s weather is taking the top off the corn, soybean, and spring wheat crops in my opinion. The two-week outlook moderated somewhat over the past 24 hours, but it still reflects a general warm pattern west of the Mississippi River, with rainfall below normal per the National Weather Service. It …

Soy & Corn Market Commentary

walshtrading General Commentary, Grains Leave a Comment

SOY The soy complex traded both sides today.  The overnight was higher. The market is focused on perceived dryness. It seems there were many good rain showers. The weather has moderated. There are pockets of dryness as always. The USDA reporting at present looks about right for conditions. This at present would leave the yield at the current level. The important …

Livestock Report

Ben DiCostanzo General Commentary Leave a Comment

Walsh Trading Daily Insights Commentary October Lean Hogs opened lower, made the low at 98.075 and rallied to the session high by mid-session at 100.75. It consolidated and settled near the high at 100.30. It was a breakout session for the hogs, pulling away from the key level at 98.475 and never looking back. It raced past resistance at 100.075 …

Grain Spreads: Spotty Rains Emerge

Sean Lusk General Commentary Leave a Comment

Commentary December corn futures closed trading around $6.07, near the middle of the range for the past two weeks. Weekend rains fell in some key areas and grain shipments continue out of Ukraine Black Sea ports, headed for Turkey, Italy, and China. Minnesota got widespread rains while about fifty percent of Iowa needs rain, although state good to excellent ratings are …

PURE HEDGE

Peter McGinn General Commentary Leave a Comment

CATTLE In my opinion, the medium to long term outlook for the cattle market is still bullish.  In review of the daily charts, I would suggest this recent move upward, caused by a lack of production into the 4th and 1st quarter.  December Live cattle futures rallied this week making puts on all contracts cheaper for downside risk. Feeder cattle …

Option Analysis – Grains 8.05.22

Jerry Hanselman General Commentary Leave a Comment

MACRO OUTLOOK: In my opinion, the medium to long term outlook for Soybeans is bullish.  In review of the daily charts, I would suggest this recent move upward is caused by a sudden appearance of heat and dryness.  Corn is a hold and Wheat is bearish.  There is also a potential for the U.S. dollar to be stronger and cause a …

Cattle Commentary 8-4-22

Peter McGinn General Commentary Leave a Comment

It was a tight range day today in the cattle markets as the October and December contracts had only 50 and 60 cent ranges on light volume. The Oct contract, in my opinion, seems to be at its resistance level $144 while the next level of resistance for the Dec contract looks to be at its resistance level as well …