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 The global wheat situation remains price supportive in my opinion, with concerns about dryness over the Southern Plains amplifying talk of reduced Russian and Aussie production. But futures struggled today posting double digit losses across …
To Hedge or not to Hedge…
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, October 29, 2024, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Hogs Make New High and Falls Back
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, October 29, 2024, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Pure Hedge – Livestock and Grain
10/23/24 If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now The Livestock Markets were mixed again today, with the Cattle Markets sinking a little lower. December’24 Live Cattle were 25 cents lower today and settled at 187.87 ½. Today’s high was 188.97 ½ …
Grain Spreads: Demand Rules
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 Soybeans and corn were resilient today as foreign buyers snap up cheap U.S. cargoes ahead of the election in my view. With energy prices weak and the US Dollar strong today, the fact corn ended …
Crude Prices Lower After Fresh EIA And API Data – WTI Crude Oil 10/23/24
The December WTI (CLZ24) trading session settled at 70.77 (-0.97) [-1.35%], had a high of 71.72, a low of 70.13. Cash price is at 71.73 (+1.17), while open interest for CLZ24 is at 338,032. CLZ settled above its 5 day (70.31), below its 20 day (71.26), above its 50 day (70.74), below its 100 day (73.39) and below its 200 …
Crude Gains 2.43%, China Increases Oil Import Quotas by 6% – WTI Crude Oil 10/22/24
The December WTI (CLZ24) trading session settled at 71.74 (+1.70) [+2.43%], had a high of 72.09, a low of 69.35. Cash price is at 70.56 (+1.40), while open interest for CLZ24 is at 339,683. CLZ settled above its 5 day (70.02), above its 20 day (71.15), above its 50 day (70.82), below its 100 day (73.43) and below its 200 …
Grain Spreads: Corn Demand Surges
Please join me every Thursday at 3pm Central for a free grain and livestock webinar. We discuss supply demand weather and the charts. Sign Up Now Commentary Corn found spec buying after the market was tipped to some frontloaded buying by Mexico. This puts corn demand is in a much better position, with final demand likely higher than USDA’s target. The …
Hogs Creep Higher, Cattle Markets Pull Back
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, October 22, 2024, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Crude Gains 1.94% After Last Week’s Sell Off – WTI Crude Oil Commentary 10/21/24
If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now The December WTI (CLZ24) trading session settled at 70.56 (+1.34) [+1.94%], had a high of 71.03, a low of 69.00. Cash price is at 69.16 (-1.50), while open interest for CLZ24 is at 338,184. CLZ settled …