11/25/24 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 wild today, with the Feeders charging higher and then falling apart, and the Fats closing lower on the day. February’25 Live Cattle were 50 cents lower today and settled at …
Chart of the Day – March Cotton
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, November 25, 2024 March Cotton March Cotton closed the day at 71.72, up 0.95, on Monday. That strings together 6 consecutive days of gains which this market hasn’t been able to do since February of this year! A week ago, Tuesday, saw …
Cattle Markets Collapse after a Sparkling Start to the Week
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 26, 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. …
Potential Mid-East Ceasefire, Trump Energy Plan, Sends Crude 3.23% Lower – WTI Crude Oil
The January WTI (CLF25) trading session settled at 68.94 (-2.30) [-3.23%], a high of 71.44, a low of 68.74. Cash price is at 71.23 (+1.14), while open interest for CLF25 is at 346,924. CLF25 settled below its 5 day (69.68), below its 20 day (69.30), below its 50 day (69.90), below its 100 day (71.31), below its 200 day (73.58) …
Walsh Gamma Trader
11/25/24 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 1.53 OR $918.00/CONTRACT 88 Days – 2/21/24 DEC’25 CORN ACTIVE BUY CALL FOR ACTIVE TRADE RECOMMENDATIONS 361 …
Livestock Markets Bull their Way Higher
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 26, 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. …
Pure Hedge – Livestock and Grain
11/22/24 If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now . The Livestock Markets had a strong week, and I doubt we will see that continue next week, after the Bearish Cattle on Feed Report today. February’25 Live Cattle were 77 ½ cents higher today …
Grain Spreads: March 25 Corn Hedges
Please join me every Thursday at 3pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Although recent data suggests the fall surge in export demand peaked, usage for ethanol production remains robust. Conversely, with the corn harvest essentially complete, the market is feeling much less hedge pressure. That said the …
Oil Settles Around Short-Term Resistance, Spurred By Russian Missile Attack – WTI Crude Oil
The January WTI (CLF25) trading session settled at 70.10 (+1.35) [+1.96%], a high of 70.38, a low of 68.86. Cash price is at 68.74 (-0.70), while open interest for CLF25 is at 371,014. CLF25 settled above its 5 day (68.84), above its 20 day (69.20), above its 50 day (69.79), below its 100 day (71.50), below its 200 day (73.60) …
Chart of the Day – January Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 21, 2024 January Soybeans When I wrote about Soybeans last week, I was still very much in the bullish camp. I don’t think I’m bullish anymore. Today’s close of 9.77 ¾ is the lowest close since August 16th. That day was …