SOYBEANS– November beans finished the day higher. There was another flash sale to China this morning, this time 136k mt. September ’26 Soybeans (ZSU26) settled at 1177.75 (+10.25), high of 1178, low of 1167.25. November Soybeans (ZSX26) settled at 1191.25 (+9), high of 1193, low of 1182.5. Cash price is at 1171 (-1) September Bean Meal (ZMU26) settled at …
Grain Spreads: Escalations Continue
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 Corn, soybeans, and wheat were stronger in Friday’s session with wheat leading the charge higher. Yesterday we saw market pressure following news Ukraine had presented Russia with a peace proposal, but this morning it was …
8/13/26
The Cattle Markets were lower again today, with the Live Cattle losing more than the Feeders. The Feeder Index was lower again as well, down 3.44 to 351.93. October’26 Feeders settled below the 50% retracement number (331.51) for the second day in a row and is also below all moving averages. Not much new information on the Cattle Markets today, …
Feeder Cattle Trade Idea
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, August 18, 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 Feeder Cattle Index is currently at 351.93. The August futures contract expires at the end …
Soybeans Reverse Lower Again on Thursday
SOYBEANS– Soybeans made a high at 1188 before finishing the day close to unchanged. The drought monitor was up 3 points this week, with 70% of the country facing abnormal dryness or drought. Today’s export report showed China doing a majority of the buying through the week ending August 6. China bought 1.5 mmt of the 1.8 mmt total …
Grain Spreads: Wheat Idea
Please join me each Thursday at 3pm Central for a free grain webinar at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary USDA’s August WASDE was bullish for corn but mixed-to-bearish for soybeans in my opinion. Corn yield was cut sharply to 180.7 bushels per acre from 183.0, yet increased harvested acreage …
The Grains Rally After the August WASDE Report
SOYBEANS– Soybeans had a bullish reaction to the August WASDE report initially, making a high at 1198 ¾ before fading as the day went on. Planted area was raised 1.4 million acres above the July report but there was also a small cut to the yield estimate. The average trade estimate was 52.9 bushels per acre, compared to the …
Pure Hedge – Livestock and Grain
8/11/26 The Cattle Markets tried to rally today, but there was simply not enough support to settle anywhere near the highs of the day. Kevin Hassett, the Director of the National Economic Council said on Sunday that Beef Prices were still too high for many Americans, and there should be good news on beef prices around the corner. I am …
Grain Spreads: Corn Strangle
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 Tomorrow’s WASDE production data release will contain actual FSA numbers, and these have been known to contain surprises. For the most part trade is expecting more soybeans and fewer corn acres tomorrow. But as always …
DEC-MAR SOYBEAN MEAL SPREAD (ZMZ26-ZMH27)
WALSH PURE SPREADER Pure Hedge Division RICH MORAN 8/10/2026 DEC-MAR SOYBEAN MEAL SPREAD (ZMZ26-ZMH27) As I have written about, I am a big fan of the Soybean Oil Market, along with the Soybean Oil Spread market. The opposite side of the Soybean Crush is the Soybean Meal market and the Soybean Meal Spread market. The Soybean Oil Spread that I …