WALSH PURE SPREADER Pure Hedge Division Rich Moran 9/3/2025 DEC-MAR Soybean-Meal Spread (ZMZ25-ZMH26) The Dec-Mar Soybean Meal Spread (ZMZ25-ZMH26) traded slightly below its 52-week high at +1.1 on February 4th. From there it had a steady downward trend until it made a new 14-day low of -9.9 on July 10th. Since then, it has traded in a sideways pattern …
The Sell Off Continues in Soybeans
Soybeans– The tariff situation is attracting more attention with the Supreme Court now expected to rule on Trump’s tariffs in October. If the Supreme Court rules against Trump, countries could ask for tariff refunds. Dryness in the eastern belt and parts of the South weighed negatively on soybean ratings, with condition declines seen in Illinois, Kentucky, and Tennessee. The Midwest …
5 Minutes on the Markets – 09/03/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle markets closed slightly lower on Tuesday. The trend is still up, cash trade remains strong and at high levels, but the futures seem to be losing some bullish momentum. 2 months without a meaningful retracement has …
Pure Hedge – Livestock and Grain
9/2/25 . . If you don’t like the customer service or lack of personal attention you are receiving from your broker, you have options, and you don’t have to stay there. Account transfers are easy and so is opening a new account. . . If you would like to receive more information on the commodity markets, please use this …
Chart of the Day – December Corn
There’s something bullish to be said about the Monthly, Weekly and Daily Corn charts. Have we already seen the “harvest lows?” The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, September 2, 2025 If you like this article and would like to receive more information on the commodity markets from Walsh …
Tariff News Send Soybeans Lower on the First Trading Day in September
Soybeans– Soybeans saw big move lower today because a federal appeals court ruled that most of Trump’s tariffs are illegal. Trump said that he would appeal this decision. The uncertainty surrounding tariffs will be something to watch going forward. Tariffs can stay in place until October 14, after that the federal court decision kicks in. There has been no update …
5 Minutes on the Markets – 09/02/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Both Live and Feeder Cattle closed at new contract highs on Friday. Buyers showed up on a dip in price last Thursday and Friday, maintaining good bullish momentum on higher volume trade. I don’t see anything bearish on the Cattle charts, …
Hogs and the Cattle Markets Rally at Month End
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, September 02, 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. …
WALSH PURE SPREADER – Pure Hedge Division
DEC-MAR Corn Spread (ZCZ25-ZCH26) WALSH PURE SPREADER Pure Hedge Division Rich Moran 8/29/2025 DEC-MAR Corn Spread (ZCZ25-ZCH26) The Dec-Mar Corn Spread (ZCZ25-ZCH26) has been trending down since its high of -10¼ on February 18th. It hit a low of -18¼ on August 13th. It then traded at that same low of -18¼ today, less than 1 cent below the 14-day …
Grain Spreads: Corn Goes Bid
Please join me every Thursday at 3pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary What a month for corn. Corn futures pushed higher on the final trading day of the month. August was the month in which the market digested USDA’s 188.8 bushel per acre yield estimate and 2.5 …