Cattle Survives Opening Breakdown

Ben DiCostanzo General Commentary Leave a Comment

April Feeder Cattle is now the lead contract as its volume has surpassed the March contract volume. It opened lower, broke down to the low of the day at 256.65 and then surged to the high of the day at 260.80. This is a new high for the up move and it pulled back from the high and settled in …

Grain Spreads: Reversal in KC

Sean Lusk General Commentary Leave a Comment

Commentary Markets closed higher after choppy action the first half of the trading session. Corn, KC wheat and MGX all managed to put in some impressive reversals higher given new contract lows seen in each of these three markets. We have seen similar attempts at creating bottoms through these reversals, but any follow through has been short-lived in those cases. …

Pure Hedge – Grain

Bill Allen General Commentary Leave a Comment

2/23/24 The Soybean Market was crushed today, and the Cattle Markets continued to post gains. April’24 Live Cattle were 1.350 higher today and settled at 187.900, just below today’s high of 188.300. The 1-month high is 189.200. Today’s low was 185.850 and the 1-month low is 177.425. Since 1/23 April’24 Live Cattle are 10.075 higher or more than 5 ½%. …

Pure Hedge – Livestock

Bill Allen General Commentary Leave a Comment

2/23/24 The Soybean Market was crushed today, and the Cattle Markets continued to post gains. April’24 Live Cattle were 1.350 higher today and settled at 187.900, just below today’s high of 188.300. The 1-month high is 189.200. Today’s low was 185.850 and the 1-month low is 177.425. Since 1/23 April’24 Live Cattle are 10.075 higher or more than 5 ½%. …

Walsh Gamma Trader

Bill Allen General Commentary Leave a Comment

2/23/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS SEP’24 SOYBEAN MEAL BUY 250P 1.15 or $115.00/Contract 182 Days – 8/23/24 JUL’24 CORN BUY 350P 1 7/8 or $93.75/Contract 119 Days – 6/21/24 AUG’24 SOYBEANS BUY 900P 2 1/2 or $125.00/Contract 154 Days – 7/26/24 JULY’24 WHEAT BUY 450P 2 1/8 or $106.25/Contract 119 Days – 6/21/24 LIVESTOCK AUG’24 LIVE CATTLE …

Hogs Make New High

Ben DiCostanzo General Commentary Leave a Comment

April Lean Hogs opened lower and then raced higher making a new high for the up move at 88.90. This took price above resistance at 88.325and it held as price pulled back hard, testing the key level at 87.10 and then climbing back above it to settle at 87.20. The low came in at the opening range at 85.875. The …

Grain Spreads: Bean Droppings

Sean Lusk General Commentary Leave a Comment

Commentary Bearish news on a few fronts did in beans so far this week in my opinion. This has led soybean prices to give back all of last Friday’s and Tuesday’s gains and then some as funds continue to press the short side of the market. First, rumors were swirling Tuesday night and into Wednesday morning that China may be …

Pure Hedge – Livestock and Grain

Bill Allen General Commentary Leave a Comment

2/21/24 These Commodity Markets are getting interesting. The Beans continue to break while the Cattle Markets make new highs on this recent move up. April’24 Live Cattle was 0.375 today and settled at 187.700, that’s in the middle of today’s trading range. Today’s high was 188.900, that is also the 1-month high. The 52-week high is 199.825. Today’s low was …

Grain Spreads: U Turn in Wheat

Sean Lusk General Commentary Leave a Comment

Commentary May Chicago wheat closed up 20 1/4 cents on Tuesday at $5.79 1/4 and near the session high. Prices hit a contract low early on in the session. May KC wheat rose 19 1/2 cents at $5.81, nearer the session high. The rally today comes after prices hit a contract low last Friday. Short covering was the feature as …

Pure Hedge – Livestock

Bill Allen General Commentary Leave a Comment

2/16/24 The Cattle Markets had big gains today and the Soybeans bounced higher too. I hope you sold it on the close. April’24 Live Cattle were 1.950 higher today and settled at 187.550, just below today’s high of 188.125, which is also the 1-month high. The 52-week high is 199.825, and I am showing that for informational purposes only. Today’s …