WALSH PURE SPREADER Pure Hedge Division RICH MORAN 6/4/2026 SEP-DEC CORN SPREAD (ZCU26-ZCZ26) The SEP-DEC CORN SPREAD (ZCU26-ZCZ26) settled today at -19. That is 62% of Full Carry. It has been trending down since making its 52-week high of -4½ on 7/3/25. ZCU26-ZCZ26 has settled between -18½ and -19½ the last five trading sessions. During that time SEP Corn (ZCU26) …
Grain Spreads: Liquidation Continues
If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now Commentary Corn saw another round of speculative selling between 25K and 30K contracts that pushed the July corn to within 2 cents of contract lows. Even the crude oil story has become separated from corn as …
Wheat Continues to Move Lower
SOYBEANS– Soybeans made another move lower today after losing support at 1170 in the July contract. The next level of support for July beans is 1140. The grains are breaking with crude still moving higher. If crude reverses the move lower could intensify. Soybean planting is moving along at 87% planted, as of May 31. July ’26 Soybeans (ZSN26) settled …
Pure Hedge – Livestock and Grain
6/2/26 . . . . 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. Sign Up Now . . If you would like to receive more information on the …
Wheat Trades Lower on Tuesday
SOYBEANS– Soybeans were rated 66% good/excellent, compared to last year’s rating at 67%. The 10-year average at this point in the year is 69%. Indiana’s soybean conditions were rated the worst at 10% poor/very poor. July soybean oil made a new high at 79.69 yesterday but was able to top that today. Soybeans may be starting to roll over. July …
Hogs Rally Early and Pullback
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, June 02, 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. …
Soybeans Trade Lower on Monday
SOYBEANS– Today’s crush report showed 6.55 mmt or 218 mb of soybeans crushed in April. The pre-report estimate for soybean crush was 214.7 mb. Friday’s COT report showed funds selling 18k contracts. Managed money still has a 180k net long position. Soybeans remain overvalued, but that does not mean they have to break. July ’26 Soybeans (ZSN26) settled at 1181.25 …
WRT World Agricultural Supply and Demand June 1
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Month End Liquidation Drive Cattle Markets Lower
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, June 02, 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 futures Fell on Friday with Feeder Cattle taking the brunt of the selloff. Traders continue …
The Grains Trade Lower on Friday
SOYBEANS– Soybeans were lower in the overnight session and lower again today. Soybean oil was sharply higher again today, despite the weakness in crude. I mentioned soybean oil decoupling from crude on Tuesday’s WRT article. Soybean exports were 299k mt for the current marketing year and 137k for next year. July ’26 Soybeans (ZSN26) settled at 1186.50 (-8), high of …