Weekend Wrap Up (12.9.18)

Published on: 14:47PM Dec 09, 2018

Weekend Wrap Up

 

December 9, 2018

 
 

 

 

If you missed our weekly "2 Minute Drill", you can CLICK THIS LINK to watch!

A video breakdown of the grain and livestock markets

 

Corn

 

Last Week’s Close:  March corn futures finished Friday’s session up 2 ½ cents, extending gains for the week to 8 ½ cents.  Futures traded in a range of 6 ¾ for the week, following the gap higher Sunday night.  Friday’s Commitment of Traders report showed funds sold 11,208 futures through November 27th, expanding their net short position to 31,054 contracts.

 

Quick Take:  To get our full report emailed to you, click HERE or email Oliver@BlueLineFutures.com.

 

Soybeans

 

Last Week’s Close:  January soybeans finished Friday’s session up 6 ½ cents, extending gains for the week to 22 ¾ cents.  Futures traded in a 26 ¾ cent range through the wee, following the gap higher Sunday night.  Friday’s Commitment of Traders report showed funds sold 6,124 futures through November 27th, expanding their net short position to 59,303 contracts.

 

Quick Take:  To get our full report emailed to you, click HERE or email Oliver@BlueLineFutures.com.

 

Wheat

 

Last Week’s Close:  March wheat futures finished Friday’s session up 16 ¼ cents, putting prices in positive territory for the week by just that, 16 ¼ cents.  Futures traded in a 22-cent range through the week, following the gap higher Sunday night.  Friday’s Commitment of Traders report showed funds bought 898 futures through November 27th, trimming their net sort position to 38,744 contracts.

 

Quick Take:  To get our full report emailed to you, click HERE or email Oliver@BlueLineFutures.com.

 

 

 Live Cattle

 

Last Week’s Close:  February live cattle finished Friday’s session down 30 cents, trimming gains for the week to 1.00.  Futures traded in a range of 2.725 for the week.  Friday’s Commitment of Traders report showed funds bought 1,493 futures through November 27th, expanding their net long position to 62,004 contracts.

 

Quick Take:  To get our full report emailed to you, click HERE or email Oliver@BlueLineFutures.com.

 

Feeder Cattle

 

Last Week’s Close:  January feeder cattle finished Friday’s session up .275, trimming losses for the week to .75.  Futures traded in a range of 3.175 for the week.  Friday’s Commitment of Traders report showed funds bought 1,265 contracts through November 27th, trimming their net short position to 3,387 contracts. 

 

Quick Take:  To get our full report emailed to you, click HERE or email Oliver@BlueLineFutures.com.

 

 Lean Hogs

 

Last Week’s Close:  February lean hogs finished Friday’s session up .90, putting prices in positive territory by .45 for the week.  Futures traded in a wide range of 3.925 through the week.  Friday’s Commitment of Traders report showed funds sold 876 futures through November 27th, trimming their net long position to 41,222 contracts. 

 

Quick Take:  To get our full report emailed to you, 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.