Weekend Wrap Up; Grains and Livestock

Published on: 21:51PM Nov 04, 2018

Weekend Wrap Up

 

November 4, 2018

 
 

Corn

 

Last Week’s Close:  December corn futures finished Friday’s session up 4 ¼ cents, trimming the losses for the week to 2 ½ cents.  Futures trade in a 10 ½ cent range through the week.  Friday’s Commitment of Traders report showed funds sold 16,333 futures through October 30th, trimming their net long position to 11,570 contracts.

 

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Soybeans

 

Last Week’s Close:  November soybean futures finished Friday’s session up 4 ¾ cents, extending gains for the week to 29 ¼ cents.  Futures traded in a 56 ¼ cent range through the week.  Friday’s Commitment of Traders report showed funds sold 30,636 futures through October 30th, expanding the net short position to 69,915 contracts. 

 

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Wheat

 

Last Week’s Close:  December wheat futures finished Friday’s session up ½ of a cent on Friday, extending gains for the week to 3 ¾ cents.  Futures trade in a 25-cent range through the week.  Friday’s Commitment of Traders report showed funds sold 17,905 contracts through October 30th, expanding their net short position to 47,928 contracts. 

 

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 Live Cattle

 

Last Week’s Close:  December live cattle finished Friday’s session down .10, extending losses for the week to 1.425.  Futures traded in a range of 2.225 through the week.  Friday’s Commitment of Traders report showed funds sold 4,016 contracts through October 30th, trimming their net long position to 68,581 contracts.

 

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Feeder Cattle

 

Last Week’s Close: January feeder cattle finished Friday’s session down .775, trimming gains for the week to just .05.  Futures traded in a range of 3.675 through the week.  Friday’s Commitment of Traders report showed funds sold 603 contracts through October 30th, trimming their net long position to a whopping 53 contracts. 

 

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Lean Hogs

 

Last Week’s Close:  December lean hogs finished Friday’s session up .025, extending gains for the week to .175.  Futures traded in a range of 3.45 through the week.  Friday’s Commitment of Traders report showed funds bought 4,746 contracts through October 30th, expanding their net long position to 33,567 contracts. 

 

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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.