Walsh Pure Hedge Division The focus for the soybean market is on trade talks. The U.S. and China will meet this week in London to continue negotiating. Last week, President Trump and Xi had a productive discussion, setting up this meeting. Above-normal rains are expected in the southeast and northern Plains, but overall, the forecast has been solid for early …
5 Minutes on the Markets – 06/09/25
Livestock futures closed strong on Friday, with Live Cattle, Feeder Cattle and Lean Hogs all closing at new contract high levels. Demand remains strong with tight supplies, so until these “cash” markets turn down, I would expect the seasonal strength to continue. Grains are mostly weaker overnight, as traders keep an eye toward the weather forecasts. There is a WASDE …
Wheat Leads the Grains Higher Heading Into the Weekend
Soybeans– According to the Buenos Aries Grain Exchange, Argentina’s soybean harvest is 88% complete, up from 80% last week. Despite slow harvest pace due to flooding, yields have been surprisingly strong. Brazil continues to export soybeans at a solid pace, with May soybean exports at 14.1 mt, from 15.3 mt in April, but above 13.47 from a year ago. Temperatures …
5 Minutes on the Markets – 06/06/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live and Feeder Cattle gapped higher yesterday and closed at new contract highs on sharp gains. There may be some profit taking on a Friday, but these markets are very strong right now, in both the futures and cash markets. Lean …
Soybeans Trade Higher on China Trade Deal Optimism
Soybeans– Soybeans moved higher today after a phone call between President Trump and China’s Xi. The 30-minute discussion was productive, with Trump saying he will visit China to continue trade talks. Soybean planting is at 76% as of 5/25, up 10% over last week. Planting is well ahead of schedule with the 10-year average for this time of year being …
5 Minutes on the Markets – 06/05/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! New Contract high close in Live Cattle, with Feeders just 2.50 off the record high close. Hogs struggling with resistance the last 3 sessions, but have not failed. Export Sale data was released this morning. Lackluster numbers for the Grains, highlighted …
Can the Grains Rally Higher This Summer?
SOYBEANS – Soybean planting is at 76% as of 5/25, up 10% over last week. Planting is well ahead of schedule with the 10-year average for this time of year being 63%. The national crop was 50% emerged, ahead of the average at 40%. May saw above-normal rainfall in the South and East Coast with total drought coverage for the …
5 Minutes on the Markets – 06/04/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Livestock futures closed lower on Tuesday. Live Cattle seem the heaviest to me and may be ready for a sell off. The trend is up in Cattle, Feeders and Lean Hogs, and I don’t have any active “sell” signals in these …
Soybeans Lead the Grains Higher
SOYBEANS – U.S. planting is 84% complete compared to 77% last year at this time. Planting is lagging behind in the South with Tennessee, Kentucky, and Mississippi having the slowest planting pace. Despite mixed conditions in Brazil, StoneX raised its Brazil crop estimate to 168.25 mb. The USDA estimate is 169 mb. Soybean crush came out yesterday. NASS soybean crush …
5 Minutes on the Markets – 06/03/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle posted gains to start the week. My expectation is that Cattle futures continue the uptrend, as cash cattle trade is taking place at prices well over the futures price. Lean Hogs couldn’t quite fill that overhead …