WALSH PURE SPREADER Pure Hedge Division RICH MORAN 9/1/2026 MAR SOYBEANS vs. MAR CORN + MAR WHEAT [(ZSH27) – (ZCH27+ZWH27)] The grain markets have obviously been on a tear. We are routinely seeing new highs in grain markets these days. I think I understand the recent strength of the corn and wheat markets. I have been hearing nothing but bad …
Grain Spreads: Funds Add Length
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 Funds were estimated buyers of 35,000 corn contracts today with an estimated net position of 454,000 contracts; besting the record net long of 429K back in 2010. Dec corn futures last traded this high in …
Soybean Oil is Back
SOYBEANS– The entire soybean complex was sharply higher today. China continues to buy soybeans. Another 136k mt sale was reported today. Yesterday’s EPA announcement was bullish for soybean oil despite the decision to increase refinery blending exemptions because of reallocations. The latest Crop Progress report points toward the crop size getting smaller rather than larger. November’26 Soybeans (ZSX26) settled …
Hogs Stage Month-end Rally
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, September 01, 2026, 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. …
Wheat Starts the Week Lower
SOYBEANS– There was a 159k mt flash sale to an unknown country for marketing year 2026/27 but it failed to help soybeans close higher. There could be some end-of-month profit-taking happening tomorrow with beans trading above 1300 today. Today, the EPA granted refinery exemptions totaling 1.76 billion credits, previously it was estimated that 990 million RINs would be exempted. …
WRT World Agricultural Supply and Demand August 30
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Cattle Markets Breakdown and End the Week on a Sour Note
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, September 01, 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 The Cattle futures markets opened higher on Friday and traded to their respective highs. The markets …
Wheat Leads the Grains Higher
SOYBEANS– The entire soybean complex was sharply higher today. November beans have resistance at today’s high at 1290 and the psychological resistance at 1300. Soybeans are trading at very elevated prices ahead of harvest. November’26 Soybeans (ZSX26) settled at 1287.75 (+19.75), high of 1290, low of 1269.25. January ‘27 Soybeans (ZSF27) settled at 1302.75 (+19.50), high of 1305, low …
DEC WHEAT-CORN SPREAD (ZWZ26-ZCZ26)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 8/27/2026 DEC WHEAT-CORN SPREAD (ZWZ26-ZCZ26) Wheat and Corn have obviously been on the rise. They have both made 52-week highs over the last couple days. The talk on the street is $6.00 Corn and time will tell. Every Wheat farmer I speak with has had little to no luck with their wheat …
Pure Hedge – Livestock and Grain
8/27/26 The Livestock and Grain Markets are moving, and I don’t think we have seen anything yet. The rest of this year and especially the 4th quarter could end up being one for the books… Starting with the Cattle Markets, a bottom needs to be found, and I feel we have not found it yet. I still believe we could …