SOYBEANS–
Soybeans finished the day close to unchanged and close to coming back into an area of support. US beans are now trading at a discount to Brazil following the sell-off. Soybeans likely aren’t staying here and a lot will depend on Sunday night weather.
September ’26 Soybeans (ZSU26) settled at 1171.25 (-1), high of 1179.25, low of 1164. November Soybeans (ZSX26) settled at 1188.25 (-.50), high of 1196, low of 1180.5. Cash price is at 1170 (-1)
September Bean Meal (ZMU26) settled at 314.5 (-3.00) high of 319.9, low of 312.3
September Bean Oil (ZLK26) settled at 67.47 (-.75) high of 68.23, low of 66.66
Meal to Oil ratio (48.35% Meal – 51.65% Oil)
ZSU26 Moving Averages – (1184) 5-day, (1194) 20-day, (1163) 50-day, (1162) 100-day, (1128) 200-day
ZSX26 Moving Averages – (1200) 5-day, (1206) 20-day, (1176) 50-day, (1169) 100-day, (1132) 200-day
ZMU26 Moving Averages – (318.4) 5-day, (318.9) 20-day, (312.6) 50-day, (313.5) 100-day, (315.3) 200-day
ZLU26 Moving Averages – (69.03) 5-day, (71.10) 20-day, (70.97) 50-day, (69.25) 100-day, (61.24) 200-day
CORN –
September ’26 Corn settled at 445.50 (-5.25) (ZCU26) high of 447, low of 438. December ’26 Corn (ZCZ26) settled at 463.75 (-4.75). Cash price is 456 (-3)
Corn was lower again today. There may have been some end-of-month liquidation taking place today. The 8-14 forecast shows temperatures above normal and the Plains and western part of the Midwest is expected to see below average rainfall.
ZCU26 Moving Averages – (449) 5-day, (447) 20-day, (439) 50-day, (456) 100-day, (453) 200-day
ZCZ26 Moving Averages – (471) 5-day, (469) 20-day, (460) 50-day, (473) 100-day, (468) 200-day
WHEAT –
September Chicago Wheat (ZWU26) settled at 638 (-25.50), with a high of 665, low of 634.50. December ‘26 Wheat (ZWZ26) settled at 656.25 (-25.25). Chicago Wheat has a cash price of 633 (+2). September KC Wheat (KEU26) settled at 706.75 (-24)
Wheat was sharply lower today in both Chicago and KC wheat after making a high at 686 in the overnight session. The pattern of overnight buying and regular trading hours selling continues.
ZWU26 Moving Averages – (657) 5-day, (656) 20-day, (629) 50-day, (631) 100-day, (599) 200-day
ZWZ26 Moving Averages – (674) 5-day, (673) 20-day, (646) 50-day, (649) 100-day, (617) 200-day
If you’re ready to start trading, click the link below to open an account with Walsh Trading, Inc.
Hans Schmit
Broker, Pure Hedge Division
312-765-7311
hschmit@walshtrading.com
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.