The December WTI (CLZ24) trading session settled at 72.36 (+0.67) [+0.93%], had a high of 72.88, a low of 70.66. Cash price is at 71.70 (-0.26), while open interest for CLZ24 is at 279,129. CLZ settled above its 5 day (71.33), above its 20 day (70.52), above its 50 day (70.05), below its 100 day (72.91) and below its 200 …
Hogs Consolidate
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, November 12, 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 – December Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 7, 2024 December Soybean Oil Today the December Soybean Oil contract jumped up 1.98 to close at 48.32, posting it’s highest close since July 5th. Volume was the highest of the week, so far, suggesting to me that there is still …
Chart of the Day – December Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity December Live Cattle The December Live Cattle contract finished the day up 0.62 at 185.40, roughly in the middle of the range today. They started off firmer in reaction to the election results, jumping to 186.60 and setting new highs for the week …
Pure Hedge – Livestock and Grain
11/6/24 If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now What a night, and we saw some crazy price action today. The Livestock Markets were all higher today. December’24 Live Cattle were 62 ½ cents higher today and settled at 185.40. Today’s high was 186.60 …
Grain Spreads: A Quick Look at Bean Oil
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 Bean Oil continues to surge. We have seen good demand return to this market that was sorely needed. There appears to be shortages in Asia is the simplest explanation in my opinion for the current …
Crude Futures Move Higher On U.S. Election Day – WTI Crude Oil 11/5/24
The December WTI (CLZ24) trading session settled at 71.99 (+0.52) [+0.73%], had a high of 72.67, a low of 71.29. Cash price is at 71.52 (+2.00), while open interest for CLZ24 is at 303,362. CLZ settled above its 5 day (70.20), below its 20 day (70.73), above its 50 day (70.10), below its 100 day (73) and below its 200 …
Grain Spreads: Avoid the Noise
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 Friday’s USDA WASDE crop report, which is expected to see modest declines in the size of this year’s U.S. corn and soybean crops due to the dry finish to the season. The average trade guess …
Walsh Gamma Trader
11/5/24 If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now I have developed a “Basket” of commodities, in which you are only buying premium, with ZERO exposure to margin calls, based on my current market opinion, across the Livestock and Grain Complex’s. These are speculative …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity December Corn November 4, 2024 As we start off Election, FOMC and WASDE week, the December Corn contract settled up 2 Cents at 4.16 ½. We did see another test of what seems to be overhead trend line resistance early in the day …