4/12/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS SEP’24 SOYBEAN MEAL BUY 270P 0.65 or $65.00/Contract 133 Days – 8/23/24 JUL’24 CORN BUY 390P 1 5/8 or $81.25/Contract 70 Days – 6/21/24 AUG’24 SOYBEANS BUY 1000P 1 7/8 or 93.75/Contract 105 Days – 7/26/24 JULY’24 WHEAT BUY 470P 1 3/4 or $87.50/Contract 70 Days – 6/21/24 LIVESTOCK AUG’24 LIVE CATTLE …
Hogs Crash Go Limit Down
June Lean Hogs was hammered on Friday, opening lower, making the high at 106.025 and then crashing to go limit down at the low at 102.05. It sat there the rest of the session, with a slight uptick at the end of the day, keeping it from settling limit down. Settlement was at 102.075. The Equity markets were banged up …
Cattle Markets Bounce
May Feeder Cattle made a new low for the down move at 234.675, stopping just above support at 234.475. Price rebounded, rallying the rest of the session to the high at 238.85. The rally took price past resistance at 238.35 but it couldn’t stay above it, settling at 238.15. The cash index has been falling the past couple of days …
Pure Hedge – Livestock and Grain
4/10/24 I hope you are on the right side, for the rest of the move lower. I have been saying the same thing for months, and it’s not over yet. The Beans and the Cattle were both lower again today, and I feel that could accelerate tomorrow. Today, June’24 Live Cattle were 2.00 lower and settled at 172.85. Today’s high …
Grain Spreads: KC Weather Rally?
Commentary May KC wheat saw a combination of speculative buying and fund short covering today as KC wheat rallied 17 cents in the most active traded contract, while the other wheat classes finished up 1 penny. The extent of today’s rally is not known in my opinion but given that 90 percent of our pricing influence is weather in my …
Pure Hegde – Livestock and Grain
4/8/24 The Soybeans and the Cattle Markets, I feel are on the edge of the next big break. Do what you need to do now, to protect your downside exposure. June’24 Live Cattle were 1.27 ½ higher today and settled at 173.32 ½, which is also today’s high. The 1-month high is 186.62 ½. Today’s low was 171.90 and the …
Hogs Make New High
June Lean Hogs opened on weakness and traded lower to the low at 106.625. This took price just below support at 106.85 and it held as bulls took over and price grinded higher the rest of the session. It made the high at 108.35, a new high for the up move and it settled near the high at 107.925. Settlement …
Grain Spreads: Beans Sideways to Lower
Commentary The soybean and meal markets traded sideways with a lack of fundamental input to the complex in my opinion. May soybeans closed down 3 1/2 cents at $11.81 1/2 and near the session low. May soybean meal closed up $2.90 at $336.00 and near mid-range. May bean oil fell 99 points at 47.90 cents and near the session low. Export inspections …
Hogs Dominate, Cattle Markets Crushed
June Lean Hogs continued its impressive rally on Friday, making another new high for the recent up move and ending the week near the high. It gap opened higher, closed the gap and then rallied the rest of the session to the high at 108.00. The low came in at 105.375 and settlement was at 107.90. The hog cash market …
Walsh Gamma Trader
4/5/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS SEP’24 SOYBEAN MEAL BUY 270P 0.85 or $85/Contract 140 Days – 8/23/24 JUL’24 CORN BUY 380P 1 1/4 or $62.50/Contract 77 Days – 6/21/24 AUG’24 SOYBEANS BUY 960P 1 1/8 or $56.25/Contract 112 Days – 7/26/24 JULY’24 WHEAT BUY 465P 2 or $100.00/Contract 77 Days – 6/21/24 LIVESTOCK AUG’24 LIVE CATTLE BUY …