The Nov WTI trading session settled at 69.02(+1.27), had a high of 69.61, a low of 67.70. Cash price is at 68.65 (-0.29), while open interest came in at 307,947. Higher on the day by 1.87% CLX traded above its 7 day (67.61) but below its 20 day (70.72), its 50 day (73.98), and its 200 day (74.99) moving-averages. The …
Walsh Trading – Livestock and Grain
9/16/24 The Cattle and Grain Markets were all lower today, but the Hogs had a nice gain. The Cattle Markets were lower today, but not much lower. December’24 Live Cattle were 15 cents lower today and settled at 178.35. Today’s high was 179.37 ½ and the 1-month high is 179.50. Today’s low was 177.75 and the 1-month low is 173.17 …
Hogs Rally
October Lean Hogs opened higher, made the session low at 78.60, surged to the high of the day at 80.675 and then consolidated the rest of the session, settling at 79.925. The low tested the key level at 78.80 after closing below it on Friday. The rally took price past resistance at 80.45, making a new high for the consolidation …
Walsh Gamma Trader
9/16/24 Bill Allen COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS MAR’25 SOYBEAN MEAL BUY 280P 2.40 or $240.00/Contract 158 Days – 2/21/25 MAY’25 CORN BUY 500C 8 ¼ or $412.50/Contract 221 Days – 4/25/25 MAR’25 SOYBEANS BUY 900P 4 7/8 or $262.50/Contract 158 Days – 2/21/25 MAY’25 WHEAT BUY 750C 16 1/4 or $812.50/Contract 221 Days – …
Cattle Markets and Hogs End Week on a Sour Note
October Lean Hogs opened higher, rallied to the high of the session at 79.75, drifted and then broke down from mid-morning to the end of the day to the low at 78.275. It settled near the low at 78.45. The opening rally stalled just below resistance at 79.80 and with a confluence of moving average resistance in the area, proved …
Pure Hedge – Livestock and Grain
9/13/24 The Livestock and Grain Markets realign after digesting the WASDE Report yesterday. The Cattle Markets tried to continue the run higher today, but the heavy weights stalled the markets, and the cattle settled a little lower today. October’24 Live Cattle were 37 ½ cents lower today and settled at 177.65. Today’s high was 178.90 and the 1-month high was …
October WTI
The Oct WTI trading session settled at 68.97 (+1.66), had a high of 69.81, a low of 67.24. Cash price is at 67.29 (+1.50), while open interest came in at 219,822. Higher on the day by 2.47% CLV traded above its 7 day (68.39) but below its 20 day (72.31), its 50 day (76.2), and its 200 day (77.47) moving-averages. …
October WTI
The Oct WTI trading session settled at 67.31 (+1.56), had a high of 67.97, a low of 65.63. Cash price is at 65.79 (-2.91), while open interest came in at 233,215. Higher on the day by 2.37% CLV traded below its 200 day (77.5), its 50 day (76.48), its 20 day (72.72) and its 7 day (68.54) moving averages. The …
Grain Spreads: Corn Potential
Commentary Tomorrows 11am Central WASDE release has the following trade possibilities. The average trade guess for corn yield comes in at 182.4, slightly lower than last month at 183.1. The range of guesstimates is 180.5 on the low and 183.5 on the high. Ending stocks average guess is just over 2 billion at 2.007. This is down 66 million bushels …
Pure Hedge – Livestock and Grain
9/11/24 The Livestock Markets benefitted from a turnaround in the Stock Markets today, after they bounced off the bottom. The Dow Jones Index rallied 700 points off the bottom and that spurred a rally in the Cattle Market. The Dow was down about 80 points when the Livestock and Grain Markets closed. Today the October’24 Live Cattle were 62 ½ …