LME Cobalt Day-21 Apr '26 (LDKJ26)

Month end, outside markets, rumors, drive futures lower

WALSH PURE SPREADER - Pure Hedge Division

Cotton futures posted losses of 30 to 46 points on Friday, with March down 64 points this week. Crude oil futures were up $0.32 per barrel on the day at $64.74. The US dollar index was back up $0.893 to...

Corn futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents this week. The CmdtyView national average Cash Corn price was down 2...

Soybeans posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower on the week by 3 ½ cents. The cmdtyView national average Cash Bean price was 7 1/2 cents...

The wheat complex gave into weakness on Friday, as a $0.893 gain in the dollar index added some pressure. Chicago SRW futures saw 3 to 4 ¼ cent losses on the day, as March was up 8 ½ cents on the week....

Live cattle futures were weaker on Friday, as most contracts fell 47 cents to $1.75. February was an exception, up 35 cents on cash strength, with the weekly move +95 cents. Cash trade settled in at $238-240...

Lean hog futures saw weaker Friday trade, with contracts down 30 to 45 cents in the nearbys. February was down $1.10 this week. USDA’s national base hog price was reported at $83.57 on Friday afternoon,...

Will Managed Money Unwind?

The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.28%. March E-mini...