THE OLD It is my belief that priced into the market are bearish supply side fundamentals. Robust supply and constraints on demand contributed to record-low prices. over the last two years. Recently, mild autumn weather persisted in the first half of November, limiting natural gas consumption for heating. U.S. inventories ended the injection season on October 31 at 3,922 billion …
Hogs, Cattle and Feeders End Week with Strong Rallies
February Lean Hogs opened higher and broke down to the session low at 83.675. It found support and rallied the rest of the session to the high at 86.00. It settled near the high at 85.925. With the cash market continuing to hold together with the indices working higher, traders bid the market up threatening the breakdown candle from December …
Pure Hedge – Livestock and Grain
12/20/25 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Livestock Markets were higher today, with the Fats and Feeders regaining some of yesterday’s losses. The Fats gained almost 2 dollars today. February’25 Live Cattle were 1.85 higher today and settled at 188.40. Today’s …
Grain Spreads: Profit Taking Theme
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Our next presentation will be January 9th, 2025, at 3pm Central. Sign Up Now Commentary Soybeans were pressured on three straight days of producer selling to begin the week but recovered on Thursday/Friday amid profit taking as the theme …
Hogs Start out strong and Works Lower
February Lean Hogs gap opened higher and rallied to the session high at 84.625. It reversed course and broke down the rest of the session to the low at 83.50. It settled near the low at 83.625. The Wednesday cutout jumped higher, and traders started the day with enthusiasm taking price to its high. But continued profit taking in my …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 19, 2024 March Corn closed up 3 ½ cents today, at 4.40 ¾. Overflowing pressure from the rest of the Grain complex pushed prices lower on Tuesday and Wednesday, to my eye, as both Soybeans and Wheat have set new contract …
Chart of the day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 18, 2024 February Gold As of this writing, February Gold is currently trading at 2609.60, down 52.40 on the day. Most of the selling pressure came in as soon as the FOMC announced the ¼ rate cut at 1 PM CT. …
Pure Hedge – Livestock and Grain
12/18/24 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 mixed today, with the Fats and Feeders dropping lower, and the Hogs staying positive, today anyway. The Fats broke almost a buck and a half today. February’25 Live Cattle were 1.42 …
Weekly Inventory Data Sends Crude Higher – Crude Oil
The February WTI (CLG25) trading session settled at 70.02 (+0.37) [+0.53%], a high of 70.80, a low of 69.39. Cash price is at 70.05 (-0.73), while open interest for CLG25 is at 332,289. CLG25 settled below its 5 day (70.15), above its 20 day (68.98), above its 50 day (69.34), below its 100 day (69.84), below its 200 day (72.83) …
Grain Spreads: Soy Sector Pressured
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 were pressured overnight and throughout most of the session on two fronts in my opinion. First, Reuters is reporting that an upcoming U.S. government funding bill will include a provision for year-round E15 sales, …