1/22/26
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THE GAPS IN THE CHARTS FOR THE FATS AND FEEDERS BELOW
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The Cattle Market were slightly lower on a quiet trading day, while the Hogs made new contract highs. April'26 Live Cattle were 12 ½ cents lower today and settled at 234.82 ½. Today's high was 235.50 and the 1-month high is 239.05. Today's low was 234.32 ½ and the 1-month low is 227.90. Since 12/22 April'26 Live Cattle are 3.75 higher or more than 1 ½%. The March'26 Feeders dropped a dime today. The March'26 Feeder Cattle were 10 cents lower today and settled at 359.27 ½. Today's high was 360.52 ½ and the 1-month high is 365.00 Today's low was 358.42 ½ and the 1-month low is 336.30. Since 12/22 March'26 Feeder Cattle are 18.77 ½ higher or 5 ½%. The Hogs made new contract highs today. April'26 Lean Hogs were 75 cents higher today and settled at 96.35. Today's high was 97.05 and that is the new 1-month and contract high as well. Today's low was 95.82 ½ and the 1-month low is 88.92 ½. Since 12/22 April'26 Lean Hogs are 6.47 ½ higher or more than 7%. Not much action today in the Cattle markets and that was reflected in the narrow trading range today. The US Stock Markets are much higher again today, but it has not influenced the Fats or Feeders yet. There is a Cattle on Feed Report tomorrow, and it is expected to be Bullish, with low placement numbers. The Cattle Markets have rallied going into the last several Cattle on Feed Reports, and it would not surprise me if we saw that again tomorrow. I still like the Fats and Feeders trading higher from here, and I think we could see the gap above get filled sooner than later. The April'26 Lean Hogs made a new contract high again today, and I think it is a good time to hedge in Hog Market. July'26 Hogs settled at 109.05. Give me a call if you have any questions.
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NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE IT IS JULY AGAIN
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BELOW IS A DIRECT LINK TO FILL OUT ACCOUNT PAPERWORK - PLEASE CALL ME IF YOU HAVE ANY QUESTIONS.
https://portal2.straitsfinancial.com/Identity/Account/Register?brokerId=978
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Having a Trading or Hedging Account is essential for your business to be successful. Market volatility has increased across all commodities over the last 12 months, and I expect it to continue to increase over the next 12 months as well. Opening an account in the future, will not help you if you need access now. To be successful, you need to be able to manage risk in real time. If you are proactive now, you will have the ability to be reactive when you need to be. You can be Prepared and Patient at the same time. Call me or hit the direct link above.
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The Grain Markets were mixed today, with the Wheat trading higher today. March'26 Soybeans were ½ a cent lower today and settled at 1064. Today's high was 1072 ½ and the 1-month high is 1082 ½. Today's low was 1060 ½ and the 1-month low is 1037 ¾. Since 12/22 March'26 Soybeans are 1 cent lower or fractionally lower. March'26 Corn made a gain today. March'26 Corn was 2 ¼ cents lower today and settled at 424. Today's high was 424 ¼ and the 1-month high is 453. Today's low was 421 and the 1-month low is 417 ¼. Since 12/22 March'26 Corn is 23 cents lower or more than 5%. The Wheat had a nice bounce today. March'26 Wheat was 7 ¾ cents higher today and settled at 515 ½. Today's high was 517 and the 1-month high is 528. Today's low was 507 ¾ and the 1-month and contract low is 501 ½. Since 12/22 March'26 Wheat is unchanged. It was like watching paint dry in the markets today and the Grains were no exception. There was not much action other than the Wheat trading higher. I still feel we can see the Beans drift lower, toward the 1000 level as Brazil has started harvesting, have cheaper Soybeans and China will do as little as possible to help. I still like the Soybean Oil, and it paused it's rally today, but I feel we can see much higher prices very soon. This could help stabilize the Soybean Market in the near term. Crude Oil was down big today, and that likely held the Soybean Oil back on the day, but I continued to buy Future Spreads and Option Spreads in Bean Oil today. The Corn Market stayed positive today, but I don't see a big move higher any time soon, with the amount of Corn sitting around right now. The Wheat will do what it wants, and right now there are some dry weather concerns, and that was reflected in the 7 ¾ cent gain today. I still recommend buying the Soybean Oil early and often. Have a great night.
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THE REST IS FROM LAST WEEK BELOW
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Not much new here, and I still feel the Soybeans can drift lower and the Corn could soon see 400. Soybean Oil stocks were released today, and they were below estimates… It could be a special year in the Soybean Oil. The Wheat is a wild card and settled just 9 cents above the contract low again. If the Wheat makes a new contract low, I recommend buying it. This is what I said last week 1/8/26 “The Bean Oil looks ready to charge ahead and could leave the rest of the Grains behind for a while. Indonesia, the world's largest producer of Palm Oil, has come out with a new plan to seize 4 or 5 million hectares of private plantations of Palm Oil. This is in addition to the more than 4 million hectares the Indonesia government seized and put under government control last year. Obviously, they must know they have a problem, and there might not be enough to go around. Indonesia also has a mandatory 40% Palm Oil biofuel blend rate and plans to increase that palm oil blend rate to 50% this year. Export taxes on Palm Oil have also increased and are currently 10%. This alone could make all vegetable oils much more expensive, and if they have a possible export ban, then Soybean Oil and Canola Oil could shoot to the moon. More Palm Oil plantation seizures just ahead of a blend rate increase sends the signal that stocks could drop quickly, and they could inevitably be short of what they need. Malaysia also plans on increasing its Palm Oil biofuel blend rate this year, and Brazil is increasing its Soybean Oil Biofuel blend rate this year as well. It is all setting up what could be a dramatic price increase in the vegetable oil markets. The US government is supposed to release their blend rate later this month, and I feel we could see an increase here as well. Today's weekly export sales for Soybean Oil were above the highest estimates, and for the 2025/2026 marketing year sales have reached over 70% of the USDA forecast, and the 5-year average for this time of year is just over 40%. It looks like the buying has begun. Today, May'26 Soybean Oil closed at 49.97 and I feel it could trade into the mid to high 50's, with the September'26 contract month in the 60's. May'26 Soybean Oil Options Expire 4/24/26 (106 Days).” It was reported today that Palm Oil production in Malaysia last month was down 5 ½% from the prior month. This has already tightened the Palm Oil supply. In the same time frame, shipments rose over 8%. It was also reported that exports of Palm Oil products rose a staggering 17%-29% over the first 10-days of this year when compared to December. India is expected to start buying Palm Oil this month, as their purchases were low in December. In addition to this, it looks like China and Indonesia could start buying Palm Oil as well this month. With a low supply, and a high demand, the price of Palm Oil looks like it could soon be out of reach, making other vegetable much more attractive, especially the Soybean Oil and the Canola Oil. I will say it again, this could be a very special year for the Soybean Oil Market, as prices have already started to rise, and the May'26 Soybean Oil was almost 2% higher today alone. I have new trades with incredible risk/reward ratios. Give me a call if you would like to know more. Have a great night.
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REASONS WHY I AM STILL BULLISH SOYBEAN OIL - I FEEL RIGHT NOW IS A BUYING OPPORTUNITY
Here is why I like the Soybean Oil. The Palm Oil supply is getting tight, and export controls seem very possible later this year. The Indonesian Government must be worried about their supply, as they seized land in Palm Oil producing regions and placed them under State Owned Control. At the same time, the production and export supplies of Sunflower Oil are expected to decline, as the price continues to climb and make cheaper Soybean Oil more attractive. Sunflower Oil supplies are already tight, as production estimates have decreased throughout Europe, Russia, and Ukraine, which will limit the amount of Sunflower seed crushing, again making the cheaper Soybean Oil more attractive. Biofuel percentages are set to increase in Brazil, Indonesia, and Malaysia, and I would not be surprised if the Biofuel blend rates were raised domestically as well. Argentina has already sold most of their Soybeans to China, so their crushing will be limited as well. The Russia/Ukraine war has intensified and the Ports in Odesa, and their grain terminals have been hit, along with the railroads and a Soybean shipment at sea. I also learned a Sunflower Oil terminal was bombed as well. all of this puts a tighter squeeze on the vegetable Oil Markets, as demand is already very strong, with Soybean Oil sales almost hitting 50% of the USDA's forecast for 2025-2026. The 5-year average this time of year is under 32%. It all points to what could be a very dramatic price increase in the Soybean Oil Market, along with all the other reasons. I have continued to buy Soybean Oil Future Spreads and Options Spreads, with a new target level of 64.00-66.00. The market breaking this week was another unexpected opportunity, and I took advantage of it, and will continue to do so, with Spreads in the Futures and Options. I have 3-month, 6–month, and 12-month strategies completed, and ready to go. Give me a call if you would like to know more.
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THE TRADE BELOW WAS STRUCTURED AND SENT OUT TODAY 1/22/26
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THE TRADE BELOW WAS STRUCTURED AND SENT OUT 1/7/26
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2-YEAR APRIL'26 LEAN HOG CHART BELOW - CONTRACT HIGH MADE TODAY AT 97.05
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2-YEAR JULY'26 LEAN HOG CHART BELOW - CONTRACT HIGH MADE TODAY AT 109.55
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CALL ME
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WATCH IF THE NEXT GAP WILL BE FILLED IN THE APRIL'26 LIVE CATTLE @ 250.25 - CONTRACT HIGH IS 250.92 ½
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WATCH IF THE NEXT GAP WILL BE FILLED IN THE MARCH'26 FEEDER CATTLE @ 376.70 - CONTRACT HIGH IS 378.60
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WATCH IF THE NEXT GAP WILL BE FILLED IN THE APRIL'26 FEEDER CATTLE @ 376.50 - CONTRACT HIGH IS 378.45
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THIS WEEKS WALSH GAMMA TRADER FROM TUESDAY 1/20/26 BELOW.
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If you don't like the customer service or personal attention you are receiving from your broker, you have options, and you don't have to stay there. I can have your new account open in 1-2 days. Call me anytime 312-957-8079 BALLEN@WALSHTRADING.COM Sign Up Now
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If you would like to open an account, please use this direct link https://portal2.straitsfinancial.com/Identity/Account/Register?brokerId=978
.
.
Having a Trading or Hedging Account is essential for your business to be successful. Market volatility has increased across all commodities over the last 12 months, and I expect it to continue to increase over the next 12 months as well. Opening an account in the future, will not help you if you need access now. To be successful, you need to be able to manage risk in real time. If you are proactive now, you will have the ability to be reactive when you need to be. You can be Prepared and Patient at the same time. Call me or hit the direct link above.
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Thank you to all of my Canadian Customers. If you live in Alberta or Ontario, you are able to open an account in the USA. Hopefully we can work with the Province of Saskatchewan, and all Canadian Provinces soon. Your ability to open an account in the US is blocked by your Provincial Governments, not by the United States.
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Thank you to all of my old and new Customers. I appreciate your business. To those of you that are close to opening an account, please call me if you have any questions, and I look forward to working with you soon. To anyone thinking about opening a Hedge or Trading account, give me a call and we can talk about it.
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Most Recent Walsh Gamma Trader Link - Walsh Gamma Trader
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GOD BLESS AMERICA
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Give me a call if you have any questions.
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Bill Allen
Vice President
Pure Hedge Division
Direct: 312-957-8079
WALSH TRADING INC.
311 South Wacker Drive
Suite 540 Chicago, Illinois 60606
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.
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