11/20/25
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I will be in Amarillo Texas December 1st-5th, let me know if you would like to meet there.
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The Livestock Markets were all lower today, with the Feeders dropping more than 5-Dollars. February'26 Live Cattle were 1.85 lower today and settled at 215.40. Today's high was 218.80 and the 1-month high is 246.85. Today's low was 213.77 ½ and that is the new 1-month low as well. Since 11/20 December'25 Live Cattle are 29.12 ½ lower or almost 12%. The January'26 Feeders took another dive lower today. The January'26 Feeder Cattle were 5.07 ½ lower today and settled at 316.37 ½. Today's high was 323.42 ½ and the 1-month high is 371.40. Today's low was 314.75 and the 1-month low is 310.05. Since 11/20 January'26 Feeder Cattle are 52.80 lower or more than 14%. The Hogs traded higher somehow today. February'26 Lean Hogs were 62 ½ cents higher today and settled 79.65. Today's high was 80.22 ½ and the 1-month high is 86.37 ½. Today's low was 78.30 and the 1-month low is 77.42 ½. Since 11/20 February'26 Lean Hogs are 5.07 ½ lower or just short of 6%. The Cattle Markets have continued to sink lower, and I feel there is about $10.00 left to the downside in the Feeders. The Fats and the Feeders are both below their 50% retracement from 52-week high/low levels, and the February'26 Fats set a new 1-month low today at 213.77 ½. The 1-month low in the January'26 Feeders is 310.05, and the 200-Day moving average is 309.51 ½, and I feel we can see it trade through these levels toward the 305 area. I am still short the Feeders, and waiting for another move lower after the Southern Border Reopening is announced, and it sounds like it could happen sooner than later, as President Trump remains ‘Hyper Focused” on getting the border back open. There is a Cattle on Feed Report tomorrow, and we will see if that holds any surprises as well. Whenever they announce when the border will reopen, I would look to buy the Cattle Markets on that day before the close. There could be a race higher after that. I would like to work with you, and I have many ways to play the Cattle Markets moving forward. Give me a call if you have any questions. I will be in Amarillo December 1-5 as well if you would like to meet there.
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The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. ***WATCH FOR TRADE DEAL NEWS***
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The Grain Markets were all lower today with the Beans leading the way down. January’26 Soybeans did not look good and settled just a penny off the low of the day. January'26 Soybeans were 13 ¾ cents lower today and settled at 1122 ½. Today's high was 1142 ¾ and the 1-month and contract high are 1169 ½. Today's low was 1121 ½ and the 1-month low is 1044 ½. Since 11/20 January'26 Soybeans are 72 ½ cents higher or almost 7%. March'26 Corn was lower as well today. March'26 Corn was 3 ¾ cents lower today and settled at 437 ¾. Today's high was 443 ¼ and the 1-month high is 457. Today's low was 436 ¾ and the 1-month low is 432 ½. Since 11/20 March'26 Corn is ¾ of a cent higher or fractionally higher. The Wheat dropped almost a dime as well today. March'26 Wheat was 8 ¾ cents lower today and settled at 540 ¾. Today's high was 555 ¼ and the 1-month high is 568. Today's low was 539 ¾ and the 1-month low is 514 ½. Since 11/20 March'26 Wheat is 19 ¼ cents higher or almost 4%. The Grain Markets ran higher with the anticipation of China buying Soybeans over the last few weeks. There are only 6-weeks left this year, and even if China fulfills their commitment to buy 12MT of Soybeans, it looks like it is already priced into the Market. I expect the Soybeans to continue to break toward the 1080 level in the March'26 Beans, and two days ago I paid 12 cents for March'26 1080 Puts and today they settled at 18 ½ cents. Brazil is planting a monster Soybean Crop again, and planting is going well. It also sounds like the US Soybean crop planted next year will increase by 4% as well, and if China honors their Soybean purchases supposedly agreed to, of 25MT each year for three years, it would still be below past averages. I recommend Hedging as far out as possible now, and with an expected check from the government, you can lock in a high price. I would also recommend hedging using an OTC Structured Product and maximize your sale price. I can explain how that works if you are interested. The Livestock and Grain Markets are now at perfect levels to put on new positions, especially using Options and stretching potential gains for a maximum return, all will defined risk. I want to work with you, give me a call if you would like to talk about it. There is a Soybean Oil Trade below. Have a great night.
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REASONS WHY I AM STILL BULLISH SOYBEAN OIL, REGARDLESS OF ANY BIOFUEL RUMORS TODAY.
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Here is why I like the Soybean Oil. The Palm Oil supply is getting tight, and export controls seem very possibly next year. The Indonesian Government must be worried about their supply, as they seized land in Palm Oil producing regions and placed them under State Owned Control. At the same time, the production and export supplies of Sunflower Oil are expected to decline, as the price continues to climb and make cheaper Soybean Oil more attractive. Sunflower Oil supplies are already tight, as production estimates have decreased throughout Europe, Russia, and Ukraine, which will limit the amount of Sunflower seed crushing, again making the cheaper Soybean Oil more attractive. Biofuel percentages are set to increase in Brazil, Indonesia, and Malaysia, and I would not be surprised if the Biofuel blend rates were raised domestically as well. Argentia has already sold most of their Soybeans to China, so their crushing will be limited as well. It all points to what could be a very dramatic price increase in the Soybean Oil Market. I have continued to buy Soybean Oil Future Spreads and Options Spreads, with a new target level of 64.00-66.00. The market breaking the last two days was an unforeseen opportunity, I took advantage of it, and will continue to do so, with Spreads in the Futures and Options. I have 3-month, 6–month, and 12-month strategies completed, and ready to go. Give me a call if you would like to know more.
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I STRUCTURED AND SENT OUT THE TRADE BELOW YESTERDAY 11/19/25 - SOYBEAN OIL - IF YOU WOULD LIKE TO SEE MY TRADE RECOMMENDATIONS RIGHT AFTER THEY ARE STRUCTURED - JUST SEND ME AN EMAIL
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I PUT ON THIS TRADE AGAIN TODAY FOR ANOTHER CUSTOMER - PRICE: 1.06 CREDIT COST: $636.00 CREDIT/TRADE PACKAGE.
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THIS WEEKS WALSH GAMMA TRADER FROM MONDAY 11/17/25 BELOW.
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IMPORTANT UPCOMING DATES BELOW
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The need for a successful business to have a trading account is immeasurable. Look at the market movement in all markets over the last three months. Opening an account sometime in the future will not help you if you need access now. To be successful, and able to manage risk, you need to be proactive now and secure your access to markets in real time. You can be both Prepared and Patient at the same time. WATCH FOR TRADE DEAL NEWS
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If you don't like the customer service or personal attention you are receiving from your broker, you have options, and you don't have to stay there. I can have your new account open in 1-2 days. Call me anytime 312-957-8079 BALLEN@WALSHTRADING.COM Sign Up Now
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50-Year Cattle Chart Below. Whenever it Breaks it Will Be a Spectacular Collapse.
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April'26 Natural Gas 5-Year Chart Below.
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March'26 Soybean Oil 5-Year Chart Below.
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USE THE QR CODE BELOW TO SIGNUP FOR TRADE ALERTS
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Thank you to all of my Canadian Customers. If you live in Alberta or Ontario, you are able to open an account in the USA. Hopefully we can work with the Province of Saskatchewan, and all Canadian Provinces soon. Your ability to open an account in the US is blocked by your Provincial Governments, not by the United States.
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Thank you to all of my old and new Customers. I appreciate your business. To those of you that are close to opening an account, please call me if you have any questions, and I look forward to working with you soon. To anyone thinking about opening a Hedge or Trading account, give me a call and we can talk about it.
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Most Recent Walsh Gamma Trader Link - Walsh Gamma Trader
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GOD BLESS AMERICA
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Give me a call if you have any questions.
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Bill Allen
Vice President
Pure Hedge Division
Direct: 312-957-8079
WALSH TRADING INC.
311 South Wacker Drive
Suite 540 Chicago, Illinois 60606
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Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. The information contained on this site is the opinion of the writer or was obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in market prices. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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