The April WTI (CLJ25) trading session settled at 72.10 (+0.27) [+0.38%], a high of 72.91, a low of 71.69. Cash price is at 71.86 (+1.16), while open interest for CLJ25 is at 298,408. CLJ25 settled above its 5 day (71.41), below its 20 day (72.15), above its 50 day (71.64), above its 100 day (70.33), above its 200 day (71.48) …
Grain Spreads: Quick Look at Corn
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts including trade ideas and opportunities. Sign Up Now Commentary May corn prices made another new 16-month high this morning but closed with a reversal lower on spillover weakness from wheat in my opinion. Funds flipped to the sell side …
Pure Hedge – Livestock and Grain
2/19/25 . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . The Livestock Markets were mixed today, with the Hogs getting smoked. The Fats had a dollar and a half range today and settled right near the middle of that …
Chart of the Day – May Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Corn (Daily) May Corn closed at 5.15 ¾ today, up 7 cents since Friday’s close. Today’s trade took out the congestion/consolidation space that’s been building over the 2-3 weeks and would indicate the beginning of another bullish push …
Conflicting Reports of a OPEC+ Delay, Saudi Arabia Hosts Ukraine Ceasefire Talks and a Major Pipeline is Attacked
The April WTI (CLJ25) trading session settled at 71.83 (+1.12) [+1.58%], a high of 72.04, a low of 70.12. Cash price is at 70.70 (-0.61), while open interest for CLJ25 is at 289,460. CLJ25 settled above its 5 day (71.59), below its 20 day (72.29), above its 50 day (71.55), above its 100 day (70.29), above its 200 day (71.49) …
Walsh Gamma Trader
2/17/25 . 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 JUL’25 SOYBEAN OIL BUY 49 CALL 2.27 OR $1,362.00/CONTRACT 123 Days – 6/20/25 DEC’25 CORN ACTIVE BUY CALL FOR ACTIVE TRADE RECOMMENDATIONS …
Chart of the Day – May Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 14, 2025 May Wheat (Daily) May Wheat (Chicago) closed up 21 ½ cents on Friday, settling at 6.13 ¼, the highest close since October 17th of last year. Volume over the past 6 sessions has been high as traders roll from …
Ukraine Peace Talks and Large U.S. Inventory Builds Pressure Crude Oil
The April WTI (CLJ25) trading session settled at 70.71 (-0.43) [-0.60%], a high of 71.88, a low of 70.50. Cash price is at 71.31 (-0.06), while open interest for CLJ25 is at 274,207. CLJ25 settled below its 5 day (71.62), below its 20 day (72.50), below its 50 day (71.47), above its 100 day (70.27), below its 200 day (71.50) …
Pure Hedge – Livestock and Grain
2/14/25 . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . The Livestock Markets were all lower today, with the Fats losing more than 2.00 and Feeders down more than a buck and a half. The Fats closed lower today …
Cattle and Hogs Fall as we Head into a Long Weekend
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, February 18, 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. …