Soybeans– Soybean conditions are 69% good/excellent, up 1 point above last week. Last year at this time, soybean ratings were 67%. New crop exports are still extremely weak. The PNW ports that ship soybeans to China are still not doing any business. The Midwest will continue to be dry and cooler if the forecast holds. Rains are expected in parts …
5 Minutes on the Markets – 08/26/25
Live and Feeder Cattle futures closed lower on Monday, but at/near the top of their respective daily ranges. That appears to be a bullish close to my eye. October Lean Hogs closed right under trendline and the 50-day moving average resistance levels, short-term moving averages flipped to the bullish side and that points toward higher prices. Corn and Soybeans traded …
November Soybeans trade 10 3/4 cents lower on Monday
Soybeans– Soybeans made a high at 1061 and settled lower at 1047 in the November contract. The funds got rid of their net short position. Soybeans have seen recent support from soybean oil, which rallied after the EPA announcement on Friday. Larger refiners are expected to pick up more production from smaller refiners, which the market views as bullish. South …
5 Minutes on the Markets – 08/25/25
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. After the close, Cattle on Feed data came out, with the total number on feed dropping 2% from last year’s total, Placements down 6% and Marketings down 6%. On …
Corn & Soybeans Were Steady on Friday, Wheat Continues Lower
Soybeans– The Pro Farmer crop tour has now ended. In Minnesota, 20 soybean samples were taken, with an average of 1128 per 3×3 square. The highest bean counts seen in samples taken were 1578 and the lowest was 332. Minnesota’s figures this year are 6 percent higher than last year, with minimal disease spotted. Iowa beans had an average pod …
5 Minutes on the Markets – 08/22/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live and Feeder Cattle markets seemingly ran out of bullish momentum on Thursday. Profit taking and position squaring in front of today’s Cattle on Feed and also the Cold Storage data may be likely. Estimates that I’ve seen are for all …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, August 21, 2025 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 email list –Click here Every morning, at about 8 AM CST, I post a …
Corn and Soybeans Rally on Thursday, Short Covering in Chicago Wheat
Soybeans– It was a solid day for November soybeans, closing up 19 cents. Exports sales were strong this morning. Soybean oil finished up +2.32, while soybean meal closed -3.40 lower. Illinois and Western Iowa showed particularly favorable yields, with Illinois seeing the highest pod count on record. The next 2 weeks are expected to be cooler in the Midwest. China’s …
5 Minutes on the Markets – 08/21/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! New contract highs in Live and Feeder Cattle on Wednesday. Feeders are getting close to the top end of a trading channel and there is a Cattle on Feed report tomorrow afternoon. Both markets show no signs of slowing. Lean Hogs …
Wheat Trades 7 1/4 cents Higher to 505 3/4 on Wednesday
Soybeans– Day 2 of the Pro Farmer crop tour through, Indiana and Illinois, found only one field with notable disease. Pro Farmer mentioned that Indiana’s moisture ratings are the lowest since 2014. The USDA is expecting a record yield in Indiana, more rain will be needed for that to materialize. In Nebraska, a number of crop diseases were found, most …