The February WTI (CLG25) trading session settled at 69.65 (-0.64) [-0.91%], a high of 70.54, a low of 68.81. Cash price is at 70.58 (-0.51), while open interest for CLG25 is at 321,009. CLG25 settled below its 5 day (70.08), below its 20 day (68.92), above its 50 day (69.37), below its 100 day (69.87), below its 200 day (72.84) …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 16, 2024 March Soybeans Open Interest has shifted to the March contracts in the Soy complex. January is still leading, as far as volume goes, but that will change in the coming days. Today, the March contract dropped 9 cents, to …
Hogs Start the Week on a Sour Note
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, December 17, 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. …
Fresh Chinese Data Disappoints Oil Bulls – WTI Crude Oil
The February WTI (CLG25) trading session settled at 70.29 (-0.53) [-0.75%], a high of 71, a low of 69.98. Cash price is at 71.29 (+1.29), while open interest for CLG25 is at 313,766. CLG25 settled above its 5 day (69.76), above its 20 day (68.88), above its 50 day (69.48), above its 100 day (69.91), below its 200 day (72.85) …
Pure Hedge – Livestock and Grain
12/16/24 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Livestock Markets were all lower today, and it looks like a slide lower from here is likely. The Fats broke more than 2 dollars today. February’25 Live Cattle were 2.05 lower today and settled …
Walsh Gamma Trader
12/16/24 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . . COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS MAR’25 SOYBEAN OIL BUY 45.00 CALL 1.75 OR $1,050.00/CONTRACT – THREE WEEKS AGO WAS 1.53 OR 918.00 76 Days – 2/21/24 DEC’25 CORN …
Hogs and Cattle End the Week on a High Note
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, December 17, 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
12/13/24 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Cattle Markets were mixed today, with the Fats higher and the Feeders lower, with a 5-year record long still in the Market. February’25 Live Cattle were 1.17 ½ cents higher today and settled …
Chart of the Day – March Cocoa
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, December 13, 2024 March Cocoa Today, March Cocoa closed up 459 to 11280. Since the market made it’s last significant low, on Oct 25th, it has rallied an astounding 5349 pts., or 88.91%, from low to high. This rally has been spurred …
Grain Spreads: Bean 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 The USDA will present the market with the “final” estimate for the US crop in 30 days. Often, yield and acreage surprises shift trade expectations. The changes over the past decade in my view often defy …