The January WTI (CLF25) trading session settled at 68.59 (+0.22) [+0.32%], a high of 69.06, a low of 67.72. Cash price is at 68.40 (+1.20), while open interest for CLF25 is at 246,400. CLF25 settled above its 5 day (68.20), below its 20 day (68.68), below its 50 day (69.86), below its 100 day (70.41), below its 200 day (73.35) and below …
Chart of the Day – Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 10, 2024 February Live Cattle February Live Cattle settled 2.00 higher today, at 189.025, nearly matching the high close from last week. Monday’s trade activity posted a “Bullish Engulfment” on the candlestick charts, which is usually supportive, and traders pushed prices …
Grain Spreads: Corn Surprise
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 Today’s WASDE report that is usually considered a yawner by the trade was anything but boring. It was a bullish surprise for corn as ending stocks came in at a surprising 1.738 billion bushels vs …
Hogs Weaken
If you would like to receive more information on the commodity markets, please use the link to join our email list – Sign Up Now 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 …
Chart of the Day – March Corn
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 …