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Weekend Wrap Up (12.16.18)

Published on: 17:54PM Dec 16, 2018

Weekend Wrap Up

 

December 16, 2018

 
 

Corn

 

 

Last Week’s Close:  March corn futures finished Friday’s session up ½ of a cent, putting futures in positive territory for the week by an equal amount.  Futures traded in a 6 ½ cent range through the week.  Friday’s Commitment of Traders report showed funds bought 49,824 contracts through December 11th, expanding their net long position to 89,734 contracts. 

 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Soybeans

 

Last Week’s Close:  January soybean futures finished Friday’s session 7 cents lower, extending losses for the week to 16 cents.  Futures traded in a 28-cent range through the week.  Friday’s Commitment of Traders report showed funds bought 11,893 contracts through December 11th, trimming their net short position  to just 683 contracts. 

 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Wheat

 

Last Week’s Close:  March wheat futures finished Friday’s session down 6 cents, putting prices in negative territory for the week by 1 ¾ cents.  Futures traded in a 21-cent range through the week.  Friday’s Commitment of Traders report showed funds bought 4,507 contracts through December 11th, trimming their net short position to 22,455 contracts. 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Live Cattle

 

Last Week’s Close:  February live cattle finished Friday’s session down .30, trimming gains  for the week to 1.05.  For the week, futures trade in a range of 2.80.  Friday’s Commitment of Traders report showed funds bought 4,452 contracts through December 11th, expanding their net long position to 73,412 contracts. 

 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle

 

Last Week’s Close:  January feeder cattle finished Friday’s session down .55, trimming gains for the week to 2.95.  For the week, futures traded in a range of 4.225.  Friday’s Commitment of Traders report showed funds bought 410 contracts through December 11th, trimming their net short position to 5,521 contracts.

 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Lean Hogs

 

Last Week’s Close:  April lean hogs finished Friday’s session up .05, narrowly trimming losses for the week to 1.775.  For the week, futures traded in a range of 2.425.  Friday’s Commitment  of Traders report showed funds sold 4,548 contracts through December 11th, trimming their net long position to 35,176 futures.  

 

Quick TakeGet our full report (outlook/market bias/ technical levels) emailed to you every day, click HERE or email Oliver@BlueLineFutures.com.

 

Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.