This is posted every morning at about 8 AM, before the markets open. Live Cattle and Lean Hogs each posted a Bearish Engulfment on their respective charts yesterday, suggesting the price pressure should continue. Grains higher overnight, showing little recent effect from tariff worries. Overall market volatility remains high, with Stock Indexes aggressively lower lower, Energies sharply lower, T-Bonds dropping …
Oil Trades to Four-Year Lows After White House Confirms 104% Tariff Rate on China
The May WTI (CLK25) contract settled at 59.58 (-1.12) [-1.85%], high of 61.75, low of 57.88. Spot price is 60.65 (-1.37). Open interest for CLK25 is 258,227. CLK25 settled below its 5 day (63.95), below its 20 day (67.37), below its 50 day (68.88), below its 100 day (69.49), below its 200 day (70.18) and below its year-to date (70.04) …
5 Minutes on the Markets – 04/08/2025
This is posted every morning at about 8 AM, before the markets open. Livestock futures traded lower on Monday, high volume may indicate more downside ahead. Grains higher overnight, seeming to shake off any tariff jitters. First Crop Progress report of the year shows Winter Wheat at 48% good/excellent, down from 56% last year.
Hogs Make New Low
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, April 08, 2025, 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. …
Chart of the Day – June Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, April 7, 2025 June Live Cattle (Daily) Following Friday’s limit-down close, June Live Cattle closed down 4.025, at 194.175. As futures did not settle at limit, one way or another today, there will be normal trading limits for Tuesday’s trade. Monday’s trade …
Pure Hedge – Livestock and Grain
4/7/25 . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . The Livestock Markets continued lower today, as the Fats, and Feeders, lost multiple dollars today. The Fats were down more than the Feeders today and lost another 4.00. June’25 …
Trade Wars, Recession Fears Continue to Weigh on Oil Prices
The May WTI (CLK25) contract settled at 60.70 (-1.29) [-2.08%], high of 63.90, low of 58.95. Spot price is 62.02 (-5.01). Open interest for CLK25 is 283,488. CLK25 settled below its 5 day (66.56), below its 20 day (67.76), below its 50 day (69.15), below its 100 day (69.59), below its 200 day (70.26) and below its year-to date (70.22) …
5 Minutes on the Markets – 04/07/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets have expanded limits today. Wheat leading the Grains higher overnight, Soybeans look to shake off Friday’s losses and Corn casting for a direction. Outside markets still in the red in early trade, but showing signs of possible reversals, currently well off the overnight lows.
Walsh Gamma Trader
4/7/25 . 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 JUL’25 SOYBEAN OIL BUY 45 CALL 3.35 OR $2,010.00/CONTRACT – THREE WEEKS AGO WAS 1.38 ½ OR $831.00/CONTRACT 74 Days – …
Livestock Limit Down
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, April 08, 2025, 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. …