Pure Hedge - Livestock and Grain
Thursday, May 14,2026,17:51
Selling in the Grains Could Be the New Theme - Cattle Markets Take a Breath as 265 Traded in the Cash Market Yesterday .. read more..
DEC-MAR SOYBEAN OIL SPREAD (ZLZ26-ZLH27) - WALSH PURE SPREADER
Thursday, May 14,2026,17:47
WALSH PURE SPREADER - Pure Hedge Division .. read more..
Oil prices waver as markets assess key Trump-Xi meeting in China
Thursday, May 14,2026,17:00
Oil prices faltered on Thursday, with investors on the lookout for any announcements about the Iran war from a high-stakes summit between the leaders of the U.S. and China. By 08:20 ET (12:20 GMT), Brent crude futures, the global oil benchmark, had fallen by 1.6% to $104.00 a barrel. U.S. West Texas Intermediate crude futures, ... .. read more..
Platts MWM-APW spread widens to record high on currency, crop fears
Thursday, May 14,2026,17:00
The Milling Wheat Marker spread over the Australian Premium White wheat price assessment hit a record high May 13 driven by currency strength and production concerns, though ample old-crop stocks in Australia could temper tightness in the upcoming season. The spread reached $42/mt on May 13, the widest since Platts, part of S&P Global Energy, ... .. read more..
Wheat Futures Fall from 2-Year High
Thursday, May 14,2026,17:00
Wheat futures fell more than 3% to around $6.5 per bushel, down from a two-year high of $6.8 reached on May 12, as traders took profits and reacted to the lack of new agricultural details from the US-China summit. Markets were disappointed that the first day of talks did not bring any concrete updates on ... .. read more..
Shootin' the Bull about a Two-Headed top
Thursday, May 14,2026,15:28
I anticipate feeder cattle to trade down to the lows made in mid-March per respective contract month. .. read more..
Sugar Prices Sink as the Dollar Rallies
Thursday, May 14,2026,14:21
July NY world sugar #11 (SBN26 ) on Thursday closed down -0.39 (-2.54%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -12.50 (-2.74%). Sugar prices fell sharply on Thursday as a rally in the dollar index ($DXY ) to a 2-week high spurred long liquidation in sugar... .. read more..
Cocoa Prices Sharply Lower on Improved Supply Outlook
Thursday, May 14,2026,14:19
July ICE NY cocoa (CCN26 ) on Thursday closed down -204 (-4.64%), and July ICE London cocoa #7 (CAN26 ) closed down -162 (-4.95%). Cocoa prices sold off sharply to 1-week lows on Thursday after the Ivory Coast boosted its cocoa delivery estimate for this season. The Ivory Coast now... .. read more..
Coffee Prices Settle Lower on Dollar Strength
Thursday, May 14,2026,14:17
July arabica coffee (KCN26 ) on Thursday closed down -5.05 (-1.80%), and July ICE robusta coffee (RMN26 ) closed down -73 (-2.05%). Coffee prices retreated on Thursday amid a stronger dollar. The dollar index ($DXY ) climbed to a 2-week high on Thursday, undercutting most commodity prices, including coffee. On... .. read more..
Cotton Falling on Thursday
Thursday, May 14,2026,13:08
Cotton futures are trading with losses at midday though contracts are climbing off early lows, still down 190 to 271 points. The US dollar index is $0.292 higher at $98.715. Crude oil is slipping 9 cents at $100.93 at midday. A meeting between President Trump and China’s President Xi in... .. read more..
Corn Facing Thursday Pressure
Thursday, May 14,2026,13:08
Corn futures are trading with 13 to 15 cent losses in the front months on Thursday. There were 17 deliveries against May futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is down 15 cents to $4.25. A bill to approve year-around sales of E15... .. read more..
Soybeans Collapsing Following Trump/Xi Meeting
Thursday, May 14,2026,13:08
Soybeans are trading with 30 to 44 cent losses in most contracts on Thursday. The cmdtyView national average Cash Bean price is down 44 cents at $11.20. Soymeal futures are back down $7.20, with Soy Oil futures falling 108 points. There were 80 deliveries issued against May meal futures overnight,... .. read more..
Cattle Holding onto Thursday Gains at Midday
Thursday, May 14,2026,13:08
Live cattle futures are showing 67 cent to $1.37 higher trade at Thursday’s midday. Cash trade has seen some $260 sales in the South early this week, with northern trade at $408-410. Feeder cattle futures are trading with $1.35 to $1.95 gains at midday. The CME Feeder Cattle Index was... .. read more..
Wheat Falling at Midday
Thursday, May 14,2026,13:08
The wheat complex is facing pressure on Thursday’s midday. Chicago SRW futures are down 18 to 29 cents in the front months. KC HRW futures are leading the charge, with 20 to 22 cent losses. MPLS spring wheat is trading with 17 to 19 cent losses at midday. There were... .. read more..
Hogs Falling Back on Thursday
Thursday, May 14,2026,13:08
Lean hog futures are down 42 cents in the expiring May contract, with others down $1.00 to $1.30 at midday. USDA’s national base hog price was not reported on Thursday morning, due to light volume. The CME Lean Hog Index was back up 26 cents on May 12 at $90.74.... .. read more..
China discovers 200 medium and large mineral deposits in 2025
Thursday, May 14,2026,13:00
China discovered 200 medium- and large-sized mineral deposits in 2025 as investment in non-oil and gas geological exploration continued to grow, according to the Ministry of Natural Resources. The ministry said total investment in non-oil and gas geological exploration reached 25.25 billion yuan ($3.7 billion) in 2025, up 10% year on year. It marked the ... .. read more..
Dollar Strength Spurs Long Liquidation in Sugar Futures
Thursday, May 14,2026,12:27
July NY world sugar #11 (SBN26 ) today is down -0.38 (-2.47%), and Aug London ICE white sugar #5 (SWQ26 ) is down -13.40 (-2.94%). Sugar prices are sharply lower today as a rally in the dollar index ($DXY ) to a 2-week high has spurred long liquidation in sugar... .. read more..
Soybeans Technicals: Confirming the Double Top
Thursday, May 14,2026,12:22
We analyze the rumoured double top in soybean prices. Canadian grain marketers should wait for a confirmed neckline break before acting on the charts. .. read more..
Cocoa Prices Slump on Projections of Higher Ivory Coast Cocoa Deliveries
Thursday, May 14,2026,12:08
July ICE NY cocoa (CCN26 ) today is down -188 (-4.28%), and July ICE London cocoa #7 (CAN26 ) is down -147 (-4.49%). Cocoa prices are sharply lower today and dropped to 1-week lows after the Ivory Coast boosted its cocoa delivery estimate for this season. The Ivory Coast now... .. read more..
Dollar Strength Pressures Coffee Prices
Thursday, May 14,2026,11:46
July arabica coffee (KCN26 ) today is down -5.00 (-1.78%), and July ICE robusta coffee (RMN26 ) is down -77 (-2.16%). Coffee prices are retreating today amid a stronger dollar. The dollar index ($DXY ) climbed to a 2-week high today, undercutting most commodity prices, including coffee. On Wednesday, robusta... .. read more..
Cotton Collapsing Early on Thursday
Thursday, May 14,2026,08:36
Cotton futures closed the Wednesday session with contracts coming off the midday highs, up 7 to 49 points. The US dollar index was $0.215 higher at $98.395. Crude oil was down $1.18 at $101.00 at the close. A meeting between President Trump and China’s President Xi in Beijing concluded early... .. read more..
Hogs Look to Thursday Trade
Thursday, May 14,2026,08:36
Lean hog futures posted a Wednesday rally, with contracts up 55 cents to $2.92 led by the front months. Soon to expire May (on Thursday) was down a tick. Open interest was up 2,460 contracts on Wednesday, implying new buying interest. USDA’s national base hog price was reported at $95.51... .. read more..
Wheat Showing Mostly Lower Thursday Morning Trade
Thursday, May 14,2026,08:36
Wheat is mostly lower early on Thursday morning. The wheat complex followed Tuesday’s limit gains with the three exchanges lower on Wednesday. Chicago SRW futures closed with contracts steady to 3 ½ cents lower. Open interest was up 3,742 contracts. KC HRW futures were down 4 ¾ to 7 ¾... .. read more..
Cattle Look to Thursday Following Wednesday Rally
Thursday, May 14,2026,08:36
Live cattle futures were in rally mode on Wednesday, with contracts up $2.60 to $5.10. New buying was noted, up 6,394 contracts. Cash trade has seen some $260 sales in the South early this week, with northern trade at $408-410. The Wednesday morning Fed Cattle Exchange online auction showed $260-261.50... .. read more..
Corn Falling Back Early on Thursday
Thursday, May 14,2026,08:36
Corn prices are down 6 to 7 cents so far on Thursday morning. Futures posted mixed action at the Wednesday close, with contracts within a penny of either side of unchanged. Open interest was up 10,445 contracts on Wednesday. There were 17 deliveries against May futures overnight, with the contract... .. read more..
Soybeans Falling Back Following Trump/Xi meeting
Thursday, May 14,2026,08:36
Soybeans are trading with 20 to 27 cent losses early on Thursday morning. Futures saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. Open interest was up 14,129 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 3 1/4 cents... .. read more..
Asian steel mills step up CBAM compliance as carbon costs reshape EU trade flows
Thursday, May 14,2026,06:00
Asian steelmakers are accelerating efforts to comply with the EU’s Carbon Border Adjustment Mechanism as the announcement of a clear carbon price under the regime and tightening import restrictions begin to reshape export economics, trade flows and pricing structures. Market participants said mills are prioritizing emissions reporting, third-party verification, and cost optimization to remain competitive ... .. read more..
Copper Pulls Back as Investors Lock in Profits
Thursday, May 14,2026,06:00
Copper futures declined nearly 2% toward $6.5 per pound on Thursday, easing from record highs as traders took profits while reassessing underlying supply and demand conditions. The metal has posted a strong rally this month, supported by a bullish long-term outlook tied to artificial intelligence-driven infrastructure buildouts, grid modernization, and the broader global energy transition. ... .. read more..
Copper up 9% since Iran war, near January peak. Will AI boom, shortage propel...
Thursday, May 14,2026,04:02
Copper prices are surging, driven by a confluence of factors including geopolitical tensions, structural supply shortages, and booming AI-driven demand. The metal is increasingly viewed as a strategic commodity for the AI era, with markets anticipating a prolonged supply crunch due to underinvestment and long lead times for new mining projects. .. read more..
Gold EGRs vs gold ETFs: Which one should yellow metal investors choose?
Thursday, May 14,2026,02:09
Gold has long been a trusted store of wealth in Indian households, valued both emotionally and financially. However, owning physical gold comes with challenges such as purity concerns, storage costs, theft risk, and resale deductions. .. read more..
Silver slides Rs 3,300/kg, gold drops Rs 1,600/10g as Trump-Xi talks in spotl...
Thursday, May 14,2026,00:03
Gold and silver prices opened sharply lower on MCX Thursday as markets tracked ongoing Trump-Xi talks and developments in the Iran conflict. MCX silver futures for July 2026 fell Rs 3,359, or 1.1%, to Rs 2,96,879 per kg, while June 2026 gold futures dropped Rs 1,159, or 0.7%, to Rs 1,61,027 per 10 grams. The decline follows a strong rally in the previous session, when silver surged over Rs 21,000 and gold gained nearly Rs 9,000. .. read more..
Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-X...
Wednesday, May 13,2026,22:11
Oil prices edged higher as investors awaited talks between U.S. President Trump and Chinese President Xi Jinping, focusing on economic gains and geopolitical issues like the Iran war. Despite concerns over interest rate hikes, crude futures saw slight increases, with analysts warning of potential price surges if the Strait of Hormuz remains shut. .. read more..
Gold edges up on weaker dollar ahead of Trump-Xi talks
Wednesday, May 13,2026,21:52
Gold prices saw a slight increase on Thursday, influenced by a weakening dollar as investors closely watched the high-stakes meetings between U.S. President Trump and China's Xi Jinping. Meanwhile, U.S. producer prices surged, signaling accelerating inflation, while gold discounts in India reached a record high amid weak demand. .. read more..
Oil edges up ahead of Trump-Xi meeting in Beijing
Wednesday, May 13,2026,21:03
Oil prices saw a slight increase as investors awaited the meeting between U.S. President Trump and Chinese President Xi Jinping, with the Iran war a key focus. Despite U.S. sanctions, China remains a major buyer of Iranian oil, complicating efforts to resolve the conflict. .. read more..
Corn Close Mixed as Ethanol Production Improves
Wednesday, May 13,2026,18:14
Corn futures posted mixed action at the Wednesday close, with contracts within a penny of either side of unchanged. The CmdtyView national average Cash Corn price was up a penny to $4.40. The NOAA 7-day QPF shows expected precipitation totals aof 1 to 3 inches across much of the Corn... .. read more..
Cotton Close with Modest Wednesday Gains
Wednesday, May 13,2026,18:14
Cotton futures closed the Wednesday session with contracts coming off the midday highs, up 7 to 49 points. The US dollar index was $0.215 higher at $98.395. Crude oil was down $1.18 at $101.00 at the close. The monthly WASDE update showed 2025/26 cotton yield at 852 lbs/ac, with production... .. read more..
Soybeans Hold Gains into Wednesday’s Close as the Market Looks to Trump/Xi Me...
Wednesday, May 13,2026,18:14
Soybeans saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. The cmdtyView national average Cash Bean price was up 3 1/4 cents at $11.64. Soymeal futures were the supportive product, up $4.40 to $10.10, with Soy Oil futures falling into the close, down... .. read more..
Wheat Posts Modest Correction on Wednesday
Wednesday, May 13,2026,18:14
The wheat complex followed Tuesday’s limit gains with the three exchanges lower on Wednesday. Chicago SRW futures closed with contracts steady to 3 ½ cents lower. KC HRW futures were down 4 ¾ to 7 ¾ cents at the close. MPLS spring wheat was down 4 to 4 ¼ cents... .. read more..
Cattle Post Midweek Rally
Wednesday, May 13,2026,18:14
Live cattle futures were in rally mode on Wednesday, with contracts up $2.60 to $5.10. Cash trade has seen some $260 sales in the South early this week, with northern trade at $408-410. The Wednesday morning Fed Cattle Exchange online auction showed $260-261.50 sales on 552 of the 1,104 head... .. read more..
Hogs Rally on Wednesday
Wednesday, May 13,2026,18:14
Lean hog futures posted a Wednesday rally, with contracts up 55 cents to $2.92 led by the front months. Soon to expire May (on Thursday) was down a tick. USDA’s national base hog price was reported at $95.51 on Wednesday morning, up 32 cents from the day prior. The CME... .. read more..
Grain Spreads: Funds long 900K in Grain Complex
Wednesday, May 13,2026,17:47
Big Long Tested? .. read more..
Nation’s steel sector speeding up tech-driven low-carbon transition
Wednesday, May 13,2026,17:00
An employee works on the production line of a steel company in Maanshan, Anhui province. LUO JISHENG/FOR CHINA DAILY China’s steel industry is accelerating technology-driven and low-carbon transformation efforts, including wider robot adoption, as steelmakers seek to strengthen resilience amid persistent supply-demand pressures and a more challenging external environment, industry officials said. Data from the ... .. read more..
Steel Retreats as Seasonal Slowdown Looms
Wednesday, May 13,2026,17:00
Steel rebar futures fell toward CNY 3,200 per ton, pulling back from nine-month highs as expectations of a seasonal slowdown in demand and softer downstream consumption weighed on the market. Mysteel’s latest monthly industry report indicated that construction steel prices in China are likely to face pressure this month due to weakening supply-demand fundamentals. The ... .. read more..
COMMODITY TRACKER: 5 chart to watch this week
Wednesday, May 13,2026,17:00
China’s crude imports fell to a 45-month low amid the Middle East disruptions, while sulfur prices doubled on supply constraints. Indonesian aluminum exports, Indian rice prices and US beef trimming imports are also in focus this week. 1. China’s crude imports fall to 45-month low What’s happening? China’s crude imports fell to a 45-month low ... .. read more..
Shootin' the Bull about a lot of exceptional factors at play
Wednesday, May 13,2026,15:18
Exceptional volatility and price expanse continued today. .. read more..
Sugar Sharply Higher on the Outlook for Global Deficits
Wednesday, May 13,2026,14:41
July NY world sugar #11 (SBN26 ) on Wednesday closed up +0.37 (+2.47%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +13.70 (+3.10%). Sugar prices rallied sharply on Wednesday and posted 1-week highs amid an outlook for tighter global sugar supplies. On Wednesday, consultant Datagro raised its... .. read more..
Producer Selling Weighs on Cocoa Prices
Wednesday, May 13,2026,14:40
July ICE NY cocoa (CCN26 ) on Wednesday closed down -194 (-4.23%), and July ICE London cocoa #7 (CAN26 ) closed down -159 (-4.63%). Cocoa prices retreated on Wednesday amid selling pressure from producers who are locking in higher prices after this week's rally to 3.5-month highs. Also, Wednesday's stronger... .. read more..
Shrinking ICE Inventories Support Coffee Prices
Wednesday, May 13,2026,14:38
July arabica coffee (KCN26 ) on Wednesday closed up +0.60 (+0.21%), and July ICE robusta coffee (RMN26 ) closed up +78 (+2.24%). Coffee prices settled higher on Wednesday, with robusta up sharply at a 7-week high. Tightness in ICE coffee inventories is pushing coffee prices higher. ICE robusta inventories fell... .. read more..
Hogs Rallying on Wednesday
Wednesday, May 13,2026,13:18
Lean hog futures are in rally mode on Wednesday, with contracts up $3 to $3.25, as nearby May is down a nickel. USDA’s national base hog price was reported at $95.17 on Wednesday morning, up 24 cents from the day prior. The CME Lean Hog Index was back up 7... .. read more..
Soybeans Trading with Wednesday Gains Ahead of Trump/Xi Visit
Wednesday, May 13,2026,13:18
Soybeans are posting with 4 to 7 cent gains across most contracts on Wednesday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.67. Soymeal futures are up $6.10 to $8.10, with Soy Oil futures 48 points lower in the July contract. President Trump landed in... .. read more..