The Nov WTI (CLX24) trading session settled at 70.58 (-3.25) [-4.40%], had a high of 72.12, a low of 69.71. Cash price is at 73.85 (-1.66), while open interest for CLX24 is at 158,279. CLX settled below its 5 day (73.89), below its 20 day (71.79), below its 50 day (71.83)((broke through its 20 and 50 day MA to the …
Harvest Pressure
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Corn and soybean markets are lower again today as dry weather allows for harvest to rapidly move forward in the U.S. Favorable rains are finally falling on many dry areas in Brazil adding to the …
Oil Weaker On Lack Of Chinese Stimulus – WTI Crude Oil Commentary 10/14/24
The Nov WTI (CLX24) trading session settled at 73.83 (-1.73) [-2.29%], had a high of 75.08, a low of 71.81. Cash price is at 75.51 (-0.33), while open interest for CLX24 is at 197,403. CLX settled below its 5 day (74.42) ((broke through its 5 day to the downside)), above its 20 day (71.74), above its 50 day (71.84), and …
Hogs Break Down
December Lean Hogs opened lower, made the high of the day at 77.50, and then broke down the rest of the session to the low at 75.20. It settled near the low at 75.80. The opening bounce failed to overcome resistance at 77.80 and the trade took a turn for the worse once it broke below the 50-DMA now at …
Pure Hedge – Livestock and Grain
10/14/24 The Livestock Markets were mixed today, as the Hogs lost almost 2-Dollars. The Fats were able to stay positive today. December’24 Live Cattle was 35 cents higher today and settled at 187.92 ½. Today’s high was 188.25 and the 1-month high is 189.67 ½. Today’s low was 187.15 and the 1-month low is 180.55. Since 9/13 December’24 Live Cattle …
Walsh Gamma Trader
Questions? BALLEN@WALSHTRADING.COM 10/14/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS MAR’25 SOYBEAN MEAL BUY 300P 8.50 or $850.00/Contract – LAST WEEK WAS 7.00 130 Days – 2/21/25 MAY’25 CORN ACTIVE CALL FOR ACTIVE TRADE RECOMMENDATIONS 193 Days – 4/25/25 MAR’25 SOYBEANS ACTIVE …
Hogs and Live Cattle make New High For up Move
December Lean Hogs opened lower, made the low of the day at 76.70, and then surged to the high at 77.90. It consolidated the rest of the session and settled near the high at 77.65. The move to the low was held in check by the rising 8-DMA now at 76.70.The rally took price past the 50-DMA now at 77.125 …
Pure Hedge – Livestock and Grain
10/11/24 The Livestock Markets were mixed today, as the Cattle Markets were kept in check. December’24 Live Cattle was 70 cents lower today and settled at 187.57 ½. Today’s high was 188.55 and the 1-month high is 189.67 ½. Today’s low was 187.40 and the 1-month low is 180.05. Since 9/11 December’24 Live Cattle are 8.92 ½ higher or almost …
Hogs Bounce Back
December Lean Hogs opened higher, traded to the low of the day at 75.55, and then rallied to the high at 77.25. It consolidated the rest of the session and settled near the high at 76.95. The move to the low approached support at the rising 13-DMA now at 75.45 after poking through it on Wednesday. The high squeaked above …
Oil Regains Recent Losses – WTI Crude Oil Commentary
The Nov WTI (CLX24) trading session settled at 75.85 (+2.61) [+3.56%], had a high of 76.24, a low of 73.26. Cash price is at 73.24 (-0.43), while open interest for CLX24 is at 197,403. CLX settled above its 5 day (74.76), above its 20 day (71.09), above its 50 day (71.78), and above its 200 day (74.91) moving-averages. CLX is …