I am Stephen Davis, senior market strategist at Walsh Trading, Inc., in Chicago, Illinois. You can reach me at 312- 878-2391 and sdavis@walshtrading.com. Below is a daily chart pattern of March 2026 soybean meal. On Friday, December 19, the low was 300.70. Notice the circled area on the chart where the gap is at 300.70 on October 27, the same …
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 12/19/2025 HAPPY HOLIDAYS! With the holiday season upon us, I am going to run through and update our “still active” trade suggestions (please see below). I will be doing some in and out traveling over the next couple weeks. Those days that I am not in the office, I will be accessible. …
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, December 23, 2025, 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. …
Soybeans– Soybeans were 1 3/4 cents lower in the overnight session and continued lower during today’s session. Soybeans had a disappointing end to the week, closing below 1050. Soybeans traded lower every day this week. China’s Sino Grain reserve auction had little interest, with only 33% of the total 550k sold. In South America, Brazil had solid rains this week, …
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 Another slow session for the corn market to round out the week. Corn futures volumes continue to decrease in recent weeks as the Chinese agreement Ag trade has cooled significantly. Still, bulls showed fresh confidence …
Chart of the Day The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 18, 2025 Can Corn catch a Christmas to New Year’s rally? If you like this article and would like to receive more information on the commodity markets from Walsh Trading, please use the link to join our …
Soybeans– Soybeans were lower again today after gaining 3/4 of a cent in the overnight session. Soybeans have been selling off since making a high at 1169 1/2 in mid-November. There were 3 cargoes of US beans sold to China yesterday. China has now booked over half of its 12 mmt commitment. The real is weakening versus the dollar, which …
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 12/17/2025 MAR-JULY ’26 SOYBEAN-OIL SPREAD (ZLH26-ZLN26) I have us currently long (on paper) the JAN-MAR ’26 SOYBEAN-OIL SPREAD (ZLF26-ZLH26) at -0.52 . I am still a fan of being long Soybean-Oil Spreads, but JAN ’26 SOYBEAN-OIL (ZLF26) has a First Notice Date (FN) of 12/31/25. We need to get flat in that …
Soybeans– Soybeans traded lower on the day after trading 1/2 cent lower in the overnight session. Argentina’s plant workers are scheduled to strike on Thursday but that has failed to support soybean meal. China is still behind on their 12 mmt purchase agreement, however they bought 3 cargoes yesterday. Soybeans have support from the 200-day moving average, while resistance is …
Chart of the Day The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 16, 2025 February Lean Hogs – Will Hogs remain strong or fail into the end of the year? If you like this article and would like to receive more information on the commodity markets from Walsh Trading, …