The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 9, 2024 March Corn As we start off this week, March Corn settled up 1 ¾ cents, at 4.41 ¾. Monday’s settlement was the highest since Friday, November 8th. Traders are looking forward to tomorrow’s 11 AM CT release of the …
Pure Hedge – Livestock and Grain
12/9/24 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 sent higher this morning for no reason, other than there is a 5-year record long currently in the Market. It was a good rally to sell into, with the January’25 Feeders …
More Chinese Stimulus Announced, Syrian Rebels Take Control Of Syria – WTI Crude Oil
The January WTI (CLF25) trading session settled at 68.37 (+1.17) [+1.74%], a high of 68.88, a low of 67.08. Cash price is at 67.20 (-1.13), while open interest for CLF25 is at 268,503. CLF25 settled below its 5 day (68.42), below its 20 day (68.64), below its 50 day (69.84), below its 100 day (70.48), below its 200 day (73.37) …
Walsh Gamma Trader
12/9/24 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 45.00 CALL 2.13 1/2 OR $1,281.00/CONTRACT – TWO WEEKS AGO WAS 1.53 OR 918.00 74 Days – 2/21/24 DEC’25 …
Hogs and Feeders Bounce Back /While Cattle Drifts Lower
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, December 10, 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. …
Chart of the Day – March Coffee
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, December 6, 2024 March Coffee Since October of 2023 Coffee prices have more than doubled. The October 10th, 2023 low for this contract was 150.25. Today it settled at 330.35, up 16.85 on the day. We saw prices hit a contract high …
Pure Hedge – Livestock and Grain
12/6/24 The Fats closed a little lower on a slow trading day. February’25 Live Cattle were 15 cents lower today and settled at 186.17 ½. Today’s high was 187.00 and the 1-month high is 190.05. Today’s low was 186.00 and the 1-month low is 184.40. Since 11/6 February’25 Live Cattle are 70 cents lower or almost ½%. The Feeders had …
Grain Spreads: Double Demanded Corn
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 Corn prices remain supported by yesterday’s technical reversal on the charts, while rising palm oil prices continue to support soy oil in my opinion as these two markets have a “Story” to warrant higher prices …
Chart of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 5, 2024 February Live Cattle On Thursday, the February Live Cattle closed down 2.000 at 186.325. That the lowest close since November 18th. As you can see on the chart above, the red trendline resistance, drawn off of the March and …
Crude Digests Inventory Data, While OPEC+ Delays Till April – WTI Crude Oil
The January WTI (CLF25) trading session settled at 68.30 (-0.24) [-0.35%], a high of 69.16, a low of 67.98. Cash price is at 68.56 (-1.34), while open interest for CLF25 is at 298,906. CLF25 settled below its 5 day (68.62), below its 20 day (68.98), below its 50 day (69.82), below its 100 day (70.68), below its 200 day (73.42) and below …