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AUG-NOV SOYBEAN SPREAD (ZSQ26-ZSX26)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 5/5/2026 AUG-NOV SOYBEAN SPREAD (ZSQ26-ZSX26) The AUG-NOV SOYBEAN SPREAD (ZSQ26-ZSX26) has been trading between +13½ and +20 since the middle of April. Full Carry for this spread is 42.77. At Full Carry this spread would be negative at -42¾. Today ZSQ26-ZSX26 settled positive at +15½. This is 58¼ above Full Carry. That …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity The $5.00 level is a good place for producers to begin hedging. Tuesday, May 5, 2026 December Corn (Daily) Today, December Corn closed at 5.00 ½, dropping back 4 cents from Monday’s close. Higher highs and higher lows were posted on the chart, …
The Grains Trade Lower on Tuesday
SOYBEANS– Soybeans traded lower on the day after yesterday’s move higher. Planting is 33% complete, with emergence at 13%. Illinois is leading the Midwest at 46% planted. StoneX raised their forecast for Brazil’s production to 181.6 mmt, a 1% increase from the prior estimate. Soybean oil still looks very strong, but soybean meal is at key trendline support. November beans …
Hogs Breakdown
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, May 05, 2026, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. It is free for anyone who wants to sign up and the link for sign up is below. …
Grain Spreads: Sep26/Dec26
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 If this fertilizer story or lack of availability to get enough fertilizer is real in the months to come, Sep26/Dec 26 corn could be a sleeper in my opinion and a buy. Sep corn is …
Soybeans Rally on Monday
SOYBEANS– Soybeans traded sharply higher on the day after a 6 ½ cent gain in the overnight session. Soybean oil continues to be supported by higher crude oil prices. The July soybean meal chart is looking tight and may be getting ready for a new leg higher. Beans are starting to get expensive again. The high in March was 1250 …
WRT World Agricultural Supply and Demand May 3
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc. Open An Account Hans SchmitBroker, Pure Hedge Division312-765-7311hschmit@walshtrading.com 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. …
Cattle Markets Rally to New Highs and Fail
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, May 05, 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 Cattle Markets Rally to New Highs and Fail Cattle futures surged early with June Live …
Corn and Soybeans Trade Higher on Friday
SOYBEANS– July beans had a strong close today above 1200. Bean oil is still strong and should be supported with crude above 100. July meal is off its highs from mid-April and is now at trendline support. US soybean crush pace hit a record high for March at 227 mb. The soybean crush hit an all-time high at 236 mb …