Grain Futures Market Analysis: Bullish Outlook for Corn and Beans, Bearish for Wheat After Friday’s report, the grain futures market continues to show significant price action, particularly for corn and soybeans, while wheat remains on a downward trajectory. In my opinion, the bullish trends for corn and soybeans are likely to persist, with both commodities holding promise for further gains …
Walsh Gamma Trader
1/13/25 . 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 MAR’25 SOYBEAN OIL BUY 43.00 CALL 3.57 ½ OR $2,142.00/CONTRACT – LAST WEEK WAS – 0.98 OR $588.00/CONTRACT 39 Days – 2/21/25 …
Cattle Markets Make New All-time Highs and Hogs Rally
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, January 14, 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. …
Grain Spreads: Suprise, Suprise, Suprise
Please join 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 In today’s WASDE report, USDA slashed corn yield estimates by 3.8 bushels per acre to 179.3 bushels per acre from the average trade guess of 182.7 and 183.1 last month. Wow! This number …
Record Cash Cattle Prices Drive Prices Higher
“Record Cash Cattle Prices Drive Market Higher as Hogs Battle Volatility The cattle market continues its bullish run, with reports from news sources that cash prices are trading as high as $205 per hundredweight in some regions. This unprecedented strength reflects the impact of tight supplies and strong packer demand. According to USDA data, the U.S. cattle herd remains at …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, January 9, 2025 March Soybeans March Soybeans closed up 4 ½ cent today, settling at 9.99. Tomorrow at 11 AM will be the January WASDE release. Typically, this report adds volatility to the market and is one that is widely watched and …
Hogs Surge
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, January 14, 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
1/8/25 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Cattle Markets were lower today, with the Hogs setting a new 1-month low. The Fats dropped almost 2 dollars today. February’25 Live Cattle were 1.87 ½ lower today and settled at 193.70. Today’s …
Chart Of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 8, 2025 February Live Cattle Today, February Live Cattle closed at 193.70, down 1.875 on the day. This is just the second “red” or down day since Christmas, but it was a much larger move than the last down day, Dec …
WTI Falls Below $75, Off The Back Of EIA Data And Dollar Strength – Crude Oil
The February WTI (CLG25) trading session settled at 73.32 (-0.93) [-1.25%], a high of 75.29, a low of 73.16. Cash price is at 74.29 (+0.69), while open interest for CLG25 is at 270,820. CLG25 settled below its 5 day (73.65), above its 20 day (70.90), above its 50 day (69.55), above its 100 day (69.67), above its 200 day (72.64) …