Walsh Pure Technicals

Soybean Oil

July ‘26

66.90, +1.23

14-day high: 69.50

14-day low: 62.43

Soybean oil has been very strong all year and is in a clear uptrend. The new biofuel mandate is expected to be released on Friday, March 27. If a bullish number is reported, soybean oil can begin another move higher. As of yesterday, the oil share was 50.475%.

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Soybeans

July ‘26

1189 ¾, +18 ¼ 

14-day high: 1250 ¾ 

14-day low: 1159 ¾ 

The grain markets have been trading a lot on headlines recently. That was true again today, with soybeans rallying at midday after it was reported that President Trump plans to visit China on May 14-15. There was already a 4-million-acre shift from corn and cotton to soybeans expected. High fertilizer prices could increase the rotation to soybeans even further. The acreage report will be released on Tuesday, March 31, along with the Grain Stocks report. Brazil’s soybean harvest is near 65% complete and cheaper than US soybeans. July soybeans closed below the 14 and 21-day moving average. Support is at the 50-day moving average.

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Live Cattle

June ‘26

233.77 ½, -0.82 ½ 

14-day high: 236.47 ½ 

14-day low: 224.22 ½ 

Live Cattle bounced off the 100-day moving average on March 9 and is now building a positive short-term trend. Crude oil was lower this morning and stocks indexes were higher because of peace talks, even though Iran reportedly rejected the US proposal to end the war. A rally in the equity markets should be bullish for cattle. The market has shaken off Friday’s somewhat bearish Cattle on Feed report. While, the impact of the JBS strike in Colorado seems to have been most of the way priced in, in anticipation of the strike. 

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Consider the following opportunities: 

JULY ’26 SOYBEAN OIL

BUY 1 JULY’26 67.00 CALL 4.05 

SELL 1 JULY’26 70.00 CALL 2.84 ½ 

SELL 1 JULY’26 60.00 PUT 1.49 ½ 

BUY 1 JULY’26 55.00 PUT 0.55 ½ 

PRICE: 0.26 ½       

COST: $159.00/TRADE PACKAGE, PLUS FEES AND COMMISSIONS. 

JULY’26 SOYBEAN OIL OPTIONS EXPIRE 6/26/26 (93 DAYS) 

MAXIMUM LOSS: LIMITED

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JULY ’26 SOYBEANS

BUY 1 JULY’26 1140 PUT 7/8

SELL 1 JULY’26 1110 PUT 12 3/4 

PRICE: 9 1/8        

COST: $456.25/TRADE PACKAGE, PLUS FEES AND COMMISSIONS. 

JULY’26 SOYBEANS OPTIONS EXPIRE 6/26/26 (93 DAYS) 

MAXIMUM LOSS: LIMITED

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JUNE ’26 LIVE CATTLE

BUY 1 JUNE’26 250 CALL 1.22 ½ 

SELL 1 JUNE’26 220 PUT 2.15 

BUY 1 JUNE’26 210 PUT 0.97 ½ 

PRICE: 0.05       

COST: $20.00/TRADE PACKAGE, PLUS FEES AND COMMISSIONS. 

JUNE’26 LIVE CATTLE OPTIONS EXPIRE 6/5/26 (72 DAYS) 

MAXIMUM LOSS: LIMITED

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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 2026 has already had a volatile start. 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.

Hans Schmit
Broker, Pure Hedge Division 
312-765-7311
hschmit@walshtrading.com

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