For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, April 22, 2025, 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. …
Oil Ends Week Higher Amid Iran-China Sanctions, Rising Canadian Crude Demand from China
The June WTI (CLM25) contract settled at 64.01 (+2.18) [+3.53%], high of 64.18, low of 61.96. Spot price is 62.49 (+1.15). Open interest for CLM25 is 317,061. CLM25 settled above its 5 day (61.71), below its 20 day (65.17), below its 50 day (67.17), below its 100 day (68.68), below its 200 day (69.37) and below its year-to date (168.8) …
Chart of the Day – June Live Cattle
Chart of the Day – June Live Cattle The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, April 17, 2025 June Live Cattle (Daily) June Live Cattle finished the shortened trading week today, gaining 2.000 to settle at 204.075. After the close, the April Cattle on Feed data was released. According …
Pure Hedge – Livestock and Grain
4/17/25 . If you don’t like the customer service or personal attention you are receiving at your new and very large brokerage house, you have options, and you don’t have to stay there. . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . …
5 Minutes on the Markets – 04/17/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets traded higher on Wednesday. Both of the Feeder and Live Cattle markets posted decent gains, continuing the long-term uptrend. There is a Cattle on Feed report due today, after the close. Lean Hogs led the way, however, with the June contract posting a strong bullish …
Crude Oil Gains a Dollar Off China-U.S. Optimism, U.S. EIA Data
The June WTI (CLM25) contract settled at 61.83 (+1.08) [+1.78%], high of 62.31, low of 59.87. Spot price is 61.34 (-0.24). Open interest for CLM25 is 306,044. CLM25 settled above its 5 day (60.87), below its 20 day (65.36), below its 50 day (67.29), below its 100 day (68.73), below its 200 day (69.43) and below its year-to date (68.88) …
Grain Spreads: Two-Sided Argument in Wheat
Please join for me for a free grain and livestock webinar every Thursday at 3pm Central. We discuss supply, demand, weather and the charts. Sign Up Now Commentary Wheat prices rose today after dipping yesterday, supported by export demand, including a purchase from Tunisia and tender activity from Algeria and Jordan. However, rains are in the forecast through next week …
The Sinclair Report: Grain Markets Hold Ground, Pullbacks in Play
John S. Simpson Jr., Senior Market Strategist, Walsh TradingDate: April 16, 2025 Corn Futures (ZCN25) Corn futures continue to trend higher. Initial upside targets at $485 were reached on April 10, followed by $493/$494 on April 11. We’re now seeing a technical pullback, offering a potential buy zone near $483. In my opinion, support must hold above $479 to maintain …
5 Minutes on the Markets – 04/16/2025
This is posted every morning at about 8 AM, before the markets open. Cattle markets closed higher, Feeders have filled an overhead gap. Hog finished higher but failed to test/break the 200-day average. Grains firmer overnight, Corn seems to be leading the way.
Chart of the Day – July Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 15, 2025 July Soybean Oil (Daily) July Bean Oil closed at 47.84 today, up 0.99 from Monday’s close. This is the highest close in the July contract since April 2nd, just before all of the tariff news hit the markets. Since …