Oil Takes A Breather – WTI Crude Oil Commentary 10/16/24

Jim RinaudoGeneral Commentary

The Nov WTI (CLX24) trading session settled at 70.29 (-0.19) [-0.27%], had a high of 70.99, a low of 7. Cash price is at 70.62 (-3.23), while open interest for CLX24 is at 137,889. CLX settled below its 5 day (73.24), below its 20 day (71.80), below its 50 day (71.79), and below its 200 day (74.93) moving-averages. The COT …

Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

10/16/24 The Livestock Markets were mixed today, as the Feeders continued to slide lower. December’24 Live Cattle were 7 ½ cents higher today and settled at 186.60. Today’s high was 187.40 and the 1-month high is 188.55. Today’s low was 186.12 ½ and the 1-month low is 178.25 Since 9/16 December’24 Live Cattle are 8.27 ½ higher or more than …

Grain Spreads: Rapid Harvest

Sean LuskGeneral Commentary

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 Beans continue to push lower on two fronts. First, forecasts for Brazil below still show impressive rains in Mato Grosso and Northern growing areas near term as models show widespread coverage the next 15 days. …

Harvest Pressure

Sean LuskGrains

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 Corn and soybean markets are lower again today as dry weather allows for harvest to rapidly move forward in the U.S.  Favorable rains are finally falling on many dry areas in Brazil adding to the …

Hogs Break Down

Ben DiCostanzoGeneral Commentary

December Lean Hogs opened lower, made the high of the day at 77.50, and then broke down the rest of the session to the low at 75.20. It settled near the low at 75.80. The opening bounce failed to overcome resistance at 77.80 and the trade took a turn for the worse once it broke below the 50-DMA now at …

Pure Hedge – Livestock and Grain

Bill AllenGeneral Commentary

10/14/24 The Livestock Markets were mixed today, as the Hogs lost almost 2-Dollars. The Fats were able to stay positive today. December’24 Live Cattle was 35 cents higher today and settled at 187.92 ½. Today’s high was 188.25 and the 1-month high is 189.67 ½. Today’s low was 187.15 and the 1-month low is 180.55. Since 9/13 December’24 Live Cattle …

Walsh Gamma Trader

Bill AllenGeneral Commentary

                               Questions? [email protected]  10/14/24 COMMODITY BUY/SELL COST PER CONTRACT EXPIRATION GRAINS       MAR’25 SOYBEAN MEAL BUY 300P 8.50 or $850.00/Contract – LAST WEEK WAS 7.00 130 Days – 2/21/25 MAY’25 CORN ACTIVE CALL FOR ACTIVE TRADE RECOMMENDATIONS  193 Days – 4/25/25 MAR’25 SOYBEANS ACTIVE …

Hogs and Live Cattle make New High For up Move

Ben DiCostanzoGeneral Commentary

December Lean Hogs opened lower, made the low of the day at 76.70, and then surged to the high at 77.90. It consolidated the rest of the session and settled near the high at 77.65. The move to the low was held in check by the rising 8-DMA now at 76.70.The rally took price past the 50-DMA now at 77.125 …