The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, November 18, 2024 January Feeder Cattle Following Friday’s very strong jump higher and breakout close, Feeders continued to show more strength on Monday. Last week’s close put the Jan contract up 5.80 for the week, with 4.02 of that gain coming on …
Pure Hedge – Livestock and Grain
11/18/24 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 were all higher again today. February’25 Live Cattle were 72 ½ cents higher today and settled at 185.97 ½. Today’s high was 186.32 ½ and the 1-month high is 190.32 ½. …
Hogs Stall
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 19, 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. …
Grain Spreads: Wheat Uprising
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 Wheat prices are leading to the upside today after the Biden administration announced Ukraine can use long range missiles against Russia. Russia responded to the decision by launching a massive drone attack overnight targeting Ukraine’s …
Ukraine War Premium Is Back, China’s Demand Stays Low – CLF25 Crude Oil
The January WTI (CLF25) trading session settled at 69.17 (+2.25) [+3.36%], had a high of 69.37, a low of 66.53. Cash price is at 67.03 (-1.65), while open interest for CLF25 is at 348,664. CLF25 settled above its 5 day (68.18), below its 20 day (69.37), below its 50 day (69.57), below its 100 day (71.78), below its 200 day …
Walsh Gamma Trader
11/18/24 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 50.00 CALL 1.71 ½ OR $1,029.00/CONTRACT 95 Days – 2/21/24 DEC’25 CORN ACTIVE CALL FOR ACTIVE TRADE RECOMMENDATIONS 368 …
Hogs Weaken, Feeders Surge While Cattle Drifts
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 19, 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. …
Grain Spreads: Bean Oil Eyed
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 Export sales for corn, beans, and bean oil but yet all three markets put in higher closes today after earlier week deflationary selling pressure. Bean oil sales were down sharply from the prior week but …
Pure Hedge – Livestock and Grain
11/15/24 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 absolutely crazy today, with the Feeders spiking higher, on nothing. December’24 Live Cattle were unchanged today and settled at 182.95. Today’s high was 186.50 and the 1-month high is 189.80. …
Chart of the Day – February Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 14, 2024 February Lean Hogs Lean Hog futures dropped aggressively today, shedding 2.25 to close at 83.775. This was the worst performing market in the Grains and Livestock complexes today, narrowly outdoing Soybeans for a percent decline on the day. Very …