The March WTI (CLH25) trading session settled at 72.62 (-1.15) [-1.56%], a high of 7, a low of 7. Cash price is at 73.79 (+0.64), while open interest for CLH25 is at 328,606. CLH25 settled below its 5 day (73.82), below its 20 day (74.66), above its 50 day (71.14), above its 100 day (70.04), above its 200 day (72.15) …
The Sinclair Report: Grain Markets Continue to Show Strength
John Simpson – January 29, 2025 A Bullish Outlook Across the Board In my opinion, the grain markets are in a strong position for continued upside momentum. The latest Commitment of Traders (COT) report confirms that managed money has been adding to long positions across key grain futures, reinforcing the bullish sentiment in the market. Recent price action in corn, …
Grain Spreads: Wheat vs Corn
Please join me for a free grain webinar every Thursday at 3pm. We discuss supply, demand, weather, and charts. Sign Up Now Commentary If you have been watching the action in wheat lately, you might have found a cure for insomnia. Boring, choppy and rangebound. From 5.40 to 5.30 is where buyers have emerged, and selling has dried up. A …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 28, 2025 April Live Cattle (Daily) April Live Cattle settled up 3.450 today, closing at 207.275, setting another record-high of 207.725 and also a record-high close. That’s 5 days in a row, for those keeping track at home. You might see …
Crude Oil Recovers From Monday’s Two-Week Lows
The March WTI (CLH25) trading session settled at 73.77 (+0.60) [+0.82%], a high of 74.31, a low of 72.93. Cash price is at 73.15 (-1.48), while open interest for CLH25 is at 330,550. CLH25 settled below its 5 day (74.37), below its 20 day (74.55), above its 50 day (71.05), above its 100 day (69.99), above its 200 day (72.18) …
Walsh Gamma Trader
1/28/25 . 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 CALL 2.58 OR $1,548.00/CONTRACT – THREE WEEKS AGO WAS 0.98 OR $588.00/CONTRACT 24 Days – 2/21/25 …
Pure Hedge – Livestock and Grain
1/27/25 . 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, with the Fats and Feeders both setting new contract highs. The Fats traded over 205.00 today. April’25 Live Cattle was 80 cents higher today …
Charet of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 27, 2025 March Corn March Corn settled down 4 ½ cents on Monday, closing at 4.82. Last week saw Corn prices touch 4.94 ½, their highest level since May 29th of 2024, setting the weekly high last Thursday. Friday was a …
Hogs Start Week off on a Positive Note
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, January 28, 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. …
Mind the gap in soybean meal
March soybean meal gapped lower Thursday, January 23, on news that Argentina lowered export taxes starting Monday, January 27, and continuing through June. With two crops per year, Argentina’s soybean harvest period can begin as early as late February and extend into June. Above: Daily March 2025 Soybean chart, courtesy of CQG Above: Daily March 2025 Soybean Meal chart, courtesy …