The January WTI (CLF25) trading session settled at 68.10 (+0.10) [+0.15%], a high of 69.11, a low of 67.71. Cash price is at 68.02 (-0.76), while open interest for CLF25 is at 331,100. CLF25 settled below its 5 day (68.51), below its 20 day (69.33), below its 50 day (69.84), below its 100 day (70.92), below its 200 day (73.48) …
Pure Hedge – Livestock and Grain
12/2/24 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 started to break today, as the Hogs continued higher. February’25 Live Cattle were 70 cents lower today and settled at 187.92 ½. Today’s high was 189.37 ½ and the 1-month high is …
Grain Spreads: Inside the Crush Numbers
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 US soybean crush for October hit a new record high at 215.78 million bushels. Pre report estimates were from 209.5 to 212.0 million bushels. So, in my view the numbers are friendly versus expectations, well …
Walsh Gamma Trader
12/2/24 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 1.69 1/2 OR $1,017.00/CONTRACT LAST WEEK WAS 1.53 OR 918.00 81 Days – 2/21/24 DEC’25 CORN ACTIVE …
Pure Hedge – Livestock and Grain
11/29/24 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, as the Hogs dropped lower. February’25 Live Cattle were 2 ½ cents lower today and settled at 188.57 ½. Today’s high was 189.15 and the 1-month high is …
Pure Hedge – Livestock and Grain
11/27/24 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, with the Cattle higher and the Hogs lower. February’25 Live Cattle were 90 cents higher today and settled at 188.60. Today’s high was 189.27 1/2 and the 1-month high is …
Chart of the Day – Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, November 26, 2024 February Lean Hogs The last time I wrote about Lean Hogs was on Nov 14th, which was that big red down day about 9 bars ago on the chart. At that time, the market had just broken through the …
Grain Spreads: Bean Ideas
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 Bean prices closed slightly weaker, caught in the middle of a strong bean oil rally and the selloff in soybean meal. Trump’s tariff talk has encouraged ideas of additional bean oil demand if used cooking …
Colder Winter Temps Lift Nat Gas – Natural Gas 11/26/24
The January Natural Gas (NGF25) trading session settled at 3.467 (+0.024) [+0.70%], a high of 3.528, a low of 3.390. Cash price is at 3.355 (+0.221), while open interest for NGF25 is at 314,592. NGF25 settled above its 5 day (3.417), above its 20 day (3.148), above its 50 day (3.270), above its 100 day (3.373), below its 200 day (3.588) and …
Tariffs, A Ceasefire And OPEC+ Rumors – WTI Crude Oil 11/26/24
The January WTI (CLF25) trading session settled at 68.77 (-0.17) [-0.25%], a high of 70.30, a low of 68.05. Cash price is at 68.96 (-2.27), while open interest for CLF25 is at 346,924. CLF25 settled below its 5 day (69.54), below its 20 day (69.39), below its 50 day (69.90), below its 100 day (71.21), below its 200 day (73.55) …