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 All wheat classes extended their gains for a fourth consecutive session due to further geo-political risk premium being added in my opinion. Ukraine fired missiles into Russia for a second straight day today. This time …
Chart of the Day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, November 20, 2024 February Gold The December contract is still the “front month” for another 10 days, but the Open Interest has shifted to the February contract now and the trading volume will show up in this contract over the next few …
Inventory Builds Sends Crude Prices Lower – WTI Crude Oil
The January WTI (CLF25) trading session settled at 68.75 (-0.49) [-0.71%], had a high of 69.96, a low of 68.64. Cash price is at 69.44 (+0.28), while open interest for CLF25 is at 366,848. CLF25 settled above its 5 day (68.59), below its 20 day (69.20), below its 50 day (69.74), below its 100 day (71.59), below its 200 day …
Chart of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, November 19, 2024 February Live Cattle Today the February Live Cattle contract closed up 2.025 at 188.000. That’s the highest close since October 30th and that takes out the last two weeks of highs. There is a Cattle on Feed report due …
Chart of the Day – January Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, November 18, 2024 January Feeder Cattle Following Friday’s very strong jump higher and breakout close, Feeders continued to show more strength on Monday. Last week’s close put the Jan contract up 5.80 for the week, with 4.02 of that gain coming on …
Pure Hedge – Livestock and Grain
11/18/24 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 all higher again today. February’25 Live Cattle were 72 ½ cents higher today and settled at 185.97 ½. Today’s high was 186.32 ½ and the 1-month high is 190.32 ½. …
Hogs Stall
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 19, 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. …
Grain Spreads: Wheat Uprising
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 Wheat prices are leading to the upside today after the Biden administration announced Ukraine can use long range missiles against Russia. Russia responded to the decision by launching a massive drone attack overnight targeting Ukraine’s …
Ukraine War Premium Is Back, China’s Demand Stays Low – CLF25 Crude Oil
The January WTI (CLF25) trading session settled at 69.17 (+2.25) [+3.36%], had a high of 69.37, a low of 66.53. Cash price is at 67.03 (-1.65), while open interest for CLF25 is at 348,664. CLF25 settled above its 5 day (68.18), below its 20 day (69.37), below its 50 day (69.57), below its 100 day (71.78), below its 200 day …
Walsh Gamma Trader
11/18/24 If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now . . COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS MAR’25 SOYBEAN OIL BUY 50.00 CALL 1.71 ½ OR $1,029.00/CONTRACT 95 Days – 2/21/24 DEC’25 CORN ACTIVE CALL FOR ACTIVE TRADE RECOMMENDATIONS 368 …