The April WTI (CLJ25) trading session settled at 72.48 (+0.38) [+.53%], a high of 73.14, a low of 71.73. Cash price is at 72.23 (+0.37), while open interest for CLJ25 is at 302,278. CLJ25 settled above its 5 day (71.66), above its 20 day (72.04), above its 50 day (71.76), above its 100 day (70.39), above its 200 day (71.47) …
Chart of the Day – April Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 20, 2025 April Feeder Cattle (daily) April Feeder Cattle closed at 266.375 today, down 2.225. You might notice, by looking at the chart, that the market has held right along the 23% Fibonacci level for the past 10 sessions. Some of …
Hogs Fall Back
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, February 25, 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 – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Soybeans (Daily) Today, May Soybeans settled at 10.48 ¼, down 7 ¼ cents. Volume was high at just over 111,000 contracts traded, setting a new volume high for May futures. The close pushed prices back below the 5- …
The API Reports Another Week Of Inventory Builds – WTI Crude Oil
The April WTI (CLJ25) trading session settled at 72.10 (+0.27) [+0.38%], a high of 72.91, a low of 71.69. Cash price is at 71.86 (+1.16), while open interest for CLJ25 is at 298,408. CLJ25 settled above its 5 day (71.41), below its 20 day (72.15), above its 50 day (71.64), above its 100 day (70.33), above its 200 day (71.48) …
Grain Spreads: Quick Look at Corn
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts including trade ideas and opportunities. Sign Up Now Commentary May corn prices made another new 16-month high this morning but closed with a reversal lower on spillover weakness from wheat in my opinion. Funds flipped to the sell side …
Pure Hedge – Livestock and Grain
2/19/25 . . 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 were mixed today, with the Hogs getting smoked. The Fats had a dollar and a half range today and settled right near the middle of that …
Chart of the Day – May Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Corn (Daily) May Corn closed at 5.15 ¾ today, up 7 cents since Friday’s close. Today’s trade took out the congestion/consolidation space that’s been building over the 2-3 weeks and would indicate the beginning of another bullish push …
Conflicting Reports of a OPEC+ Delay, Saudi Arabia Hosts Ukraine Ceasefire Talks and a Major Pipeline is Attacked
The April WTI (CLJ25) trading session settled at 71.83 (+1.12) [+1.58%], a high of 72.04, a low of 70.12. Cash price is at 70.70 (-0.61), while open interest for CLJ25 is at 289,460. CLJ25 settled above its 5 day (71.59), below its 20 day (72.29), above its 50 day (71.55), above its 100 day (70.29), above its 200 day (71.49) …
Walsh Gamma Trader
2/17/25 . 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 49 CALL 2.27 OR $1,362.00/CONTRACT 123 Days – 6/20/25 DEC’25 CORN ACTIVE BUY CALL FOR ACTIVE TRADE RECOMMENDATIONS …