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Weekend Wrap Up (10.28.18 Grains & Livestock)

Published on: 13:14PM Oct 28, 2018

Corn

 

Last Week’s Close:  December corn futures finished Friday’s session up 9 ¼ cents, putting prices in positive territory for the week by 2 ¼ cents.  Futures traded in a 12-cent range through the week.  Friday’s Commitment of Traders report showed funds bought 6,645 futures through October 23rd, extending their net long position to 27,903 contracts.

 

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Soybeans

 

Last Week’s Close:  January soybean futures finished Friday’s session up 3 cents, trimming losses for the week to 12 ¾ cents.  Futures traded in a 23 ¾ cent range through the week.  Friday’s Commitment of Traders report showed funds sold 8,167 futures through October 23rd, expanding the net short position to 39,279 contracts. 

 

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Wheat

 

Last Week’s Close:  December wheat futures finished Friday’s session up 17 ½ cents, trimming losses to 9 cents for the week.  Futures traded in a 28 ¾ cent range through the week.  Friday’s Commitment of Traders report showed funds sold 13,771 futures through October 23rd, expanding their net short position to 30,023 contracts.

 

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Live Cattle

 

Last Week’s Close:  December live cattle finished Friday’s session up 1.375, putting prices in positive territory by 1.575 for the week.  Friday’s trading range of 2.20 was also the trading range for the week.  Friday’s Commitment of Traders report showed funds sol 5,098 futures through October 23rd, trimming their net long position to 72,597 contracts.

 

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Feeder Cattle

 

Last Week’s Close:  January feeder cattle finished Friday’s session up .725, putting prices in positive territory by .85 for the week.  Futures traded in a 4.20 through the week.  Friday’s Commitment of Traders report showed funds sold 1,459 futures through October 23rd, trimming their net long position to 656 contracts.

 

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Lean Hogs

 

Last Week’s Close:  December lean hogs finished Friday’s session up 1.275, extending gains for the week to 6.425.  Futures traded in a 7.175 for the week.  Friday’s Commitment of Traders report showed funds sold 4,858 futures through October 23rd, trimming their net long position to 28,821 contracts.

 

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-If you have questions about our services or would like to discuss the markets in more depth, please feel free to email Oliver@BlueLineFutures.com, or call/text 312-837-3938.

 

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