In my opinion, the future looks promising for soybeans, with multiple factors indicating a bullish trend for this important commodity. First, the global demand for soybeans continues to rise, particularly driven by the need for animal feed and plant-based proteins. As countries, especially in Asia, look to expand their meat production, soybeans will remain a key ingredient in animal feed, …
Cattle Markets Celebrate New Year While Hogs Struggle
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, January 07, 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. …
Crude Oil Futures Break Through 200 Day Moving Average
The February WTI (CLG25) trading session settled at 73.13 (+1.41) [+1.97%], a high of 73.73, a low of 71.79. Cash price is at 71.74 (+0.71), while open interest for CLG25 is at 340,630. CLG25 settled above its 5 day (71.23), above its 20 day (69.71), above its 50 day (69.28), above its 100 day (69.69) and above its 200 day …
Pure Hedge – Livestock and Grain
12/30/24 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 again today, with the Fats lower and Feeders slightly higher, while the Hogs slammed back down to earth. The Fats were lower on the close today. February’25 Live Cattle …
Crude Oil’s Bullish Momentum Continues – WTI 12/30/24
The February WTI (CLG25) trading session settled at 70.99 (+0.39) [+0.55%], a high of 71.56, a low of 70.12. Cash price is at 70.59 (+0.91), while open interest for CLG25 is at 340,806. CLG25 settled above its 5 day (69.55), above its 20 day (68.92), above its 50 day (69.10), above its 100 day (69.72), below its 200 day (72.77) …
Walsh Gamma Trader
12/30/24 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . . COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS MAR’25 SOYBEAN OIL BUY 43.00 CALL 1.25 ½ OR $753.00/CONTRACT – LAST WEEK WAS UNCHANGED 53 Days – 2/21/25 DEC’25 CORN ACTIVE BUY …
Pure Hedge – Livestock and Grain
12/27/24 . 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 again today, with the Fats and Feeders climbing higher again, and possibly out kicking their coverage. The Fats gained half a buck today. February’25 Live Cattle were 55 cents …
SPECIAL REPORT: CORN AND BEAN HEDGES 1ST QUARTER 2025
Soybean prices in 2024 collapsed on increased global production amid reduced demand for US origin that saw China increase their dependency on Brazilian origin leaving the US as a second or third port of origin for meaningful export. US exports into China hit a four-year low this past year per USDA. As of this post bean prices are down 25 …
Hogs Erase Friday’s Rally in Front of the Hogs and Pigs Report
February Lean Hogs opened lower and traded to the high at 86.075. The rally failed just above the Friday high at 86.00 and the breakdown took price down to support at 83.325, making the low just above it at 83.35. It also took out the Friday low at 83.675 as traders suddenly became nervous about the Quarterly Hogs and Pigs, …
Pure Hedge – Livestock and Grain
12/23/24 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, after a quiet Cattle on Feed Report. The Fats dropped almost a buck today. February’25 Live Cattle were 95 cents lower today and settled at 187.45. Today’s high was …