For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, December 17, 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. …
Pure Hedge – Livestock and Grain
12/13/24 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Cattle Markets were mixed today, with the Fats higher and the Feeders lower, with a 5-year record long still in the Market. February’25 Live Cattle were 1.17 ½ cents higher today and settled …
Chart of the Day – March Cocoa
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, December 13, 2024 March Cocoa Today, March Cocoa closed up 459 to 11280. Since the market made it’s last significant low, on Oct 25th, it has rallied an astounding 5349 pts., or 88.91%, from low to high. This rally has been spurred …
Grain Spreads: Bean Pressure
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 The USDA will present the market with the “final” estimate for the US crop in 30 days. Often, yield and acreage surprises shift trade expectations. The changes over the past decade in my view often defy …
Cattle Makes New High Then Falls Back
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, December 17, 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. …
IEA Predicts Global Oil Glut Even With OPEC+ Delay – Crude Oil
The February WTI (CLG25) trading session settled at 69.66 (-0.21) [-0.30%], a high of 70.27, a low of 68.74. Cash price is at 70.32 (+1.72), while open interest for CLG25 is at 262,100. CLG25 settled above its 5 day (68.60), above its 20 day (68.58), above its 50 day (69.56), below its 100 day (69.98), below its 200 day (72.87) …
Chart of the Day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 11, 2024 February Gold The February Gold contract rallied sharply today, up 36.20 at 2754.60, as of this writing. This puts the market at prices we haven’t seen since Election Day. The market had started to roll lower a few days …
Crude Trades Relatively Unchanged – WTI Crude Oil
The January WTI (CLF25) trading session settled at 68.59 (+0.22) [+0.32%], a high of 69.06, a low of 67.72. Cash price is at 68.40 (+1.20), while open interest for CLF25 is at 246,400. CLF25 settled above its 5 day (68.20), below its 20 day (68.68), below its 50 day (69.86), below its 100 day (70.41), below its 200 day (73.35) and below …
Chart of the Day – Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 10, 2024 February Live Cattle February Live Cattle settled 2.00 higher today, at 189.025, nearly matching the high close from last week. Monday’s trade activity posted a “Bullish Engulfment” on the candlestick charts, which is usually supportive, and traders pushed prices …
Grain Spreads: Corn Surprise
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 Today’s WASDE report that is usually considered a yawner by the trade was anything but boring. It was a bullish surprise for corn as ending stocks came in at a surprising 1.738 billion bushels vs …