11/25/25
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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 mixed today, with the Feeders closing a couple Dollars higher. February'26 Live Cattle were 20 cents lower today and settled at 207.32 ½. Today's high was 208.80 and the 1-month high is 232.30. Today's low was 204.32 ½ and that is the new 1-month low as well. Since 10/24 February'26 Live Cattle are 26.10 lower or more than 11%. The January'26 Feeders bounced well off the lows today. The January'26 Feeder Cattle were 2.10 higher today and settled at 307.07 ½. Today's high was 309.47 ½ and the 1-month high is 340.50. Today's low was 299.52 ½ and that is the new 1-month low as well. Since 10/24 January'26 Feeder Cattle are 41.10 lower or almost 12%. The Hogs gave a little back today. February'26 Lean Hogs were 17 ½ cents lower today and settled 79.00. Today's high was 79.90 and the 1-month high is 84.90. Today's low was 78.77 ½ and the 1-month low is 77.12 ½. Since 10/24 February'26 Lean Hogs are 5.30 lower or more than 6%. The Fats and the Feeders were both locked limit down yesterday, and this morning they both set new 1-month lows. The February'26 Fats bounced 3-Dollars off the lows today and settled just 20 cents lower. The January'26 Feeders traded below the 300 level this morning, but not for long. The January'26 Feeders bounced 7.55 off the low today and settled 2.10 higher on the day. As you know, I had been waiting for a big pullback in the Cattle Markets, and that has taken place. Now there could be a race to the top, and the 350 level could be back sooner than you might think. I am now Bullish the Cattle Markets, and my 305 level in the January'26 Feeders was hit and traded through, and any shorts I still had on were exited. I am looking forward to the potential run higher from here. I started buying Calls and Call Spreads and Selling Puts and Put Spreads in the Feeders yesterday and continued to do it again today. The Brazilian Tariff removal came as a surprise, and the Cattle Markets were punished for it, but they look strong now. Whenever they decide the US Southern Border will be reopened for the Cattle from Mexico, I feel that negative pricing event could now be factored into these markets. If the Cattle Markets break, whenever they make an announcement, I feel it will be a buying opportunity. If the Hog Market would like to participate in a run higher, I feel they might need to break a few more dollars first. If the Cattle on Feed Report was accurate, then there could be a substantial move higher yet to come. 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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NOW IS THE TIME TO OPEN AN ACCOUNT BEFORE ANOTHER MONTH PASSES BY - (ONLY 5 WEEKS LEFT THIS YEAR) If you hit the link and provide your information, you will have a wealth of Market information at your fingertips. Sign Up Now
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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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Through Walsh Trading I have built the best 5-man team in the business. Give me a call and let me show you how the Pure Hedge Division can help your bottom line.
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The Grain Markets were all higher today with the Wheat leading the way higher. January’26 Soybeans closed near the middle of the range today, and stayed positive, but did not look very strong. January'26 Soybeans were 1 ½ cents higher today and settled at 1124 ¾. Today's high was 1128 ¾ and the 1-month and contract high are 1169 ½. Today's low was 1117 ¼ and the 1-month low is 1070 ¼. Since 10/24 January'26 Soybeans are 64 ½ cents higher or more than 6%. March'26 Corn had a small trading range and settled 1 cent off the high today. March'26 Corn was 1 ½ cents higher today and settled at 438 ¼. Today's high was 439 ¼ and the 1-month high is 457. Today's low was 436 ½ and the 1-month low is 432 ½. Since 10/24 March'26 Corn is 1 ¼ cents higher or fractionally higher. The Wheat looked good again and gained almost a nickel today. March'26 Wheat was 4 ½ cents higher today and settled at 539 ¼. Today's high was 540 ½ and the 1-month high is 568. Today's low was 532 ½ and the 1-month low is 530 ¼. Since 10/24 March'26 Wheat is 11 ¼ cents higher or more than 2%. The January'26 Soybeans were 6 cents lower this morning but ended the day in the Green. President Trump and Xi of China had a phone call today, and supposedly it was positive. The US an EU are also starting negotiations on expanding the Trade Deal they made earlier this year. I am assuming those two events caused the Soybeans to rally. The Soybean Oil was down all day but charged back late after the Crude oil rallied a dollar off the lows. The Soybean Oil has been down multiple days in a row prior to today, but the Futures spreads have not given up much ground. This tells me they are ready to run higher if the contract catches a Bid, and I feel it will. The Bean Oil can rally without the Soybeans following higher at the same pace. I do not see the Corn or Soybeans charging ahead anytime soon. The Wheat Market can and will do whatever it wants to. The Soybean Oil is special, it has a story, and there is more on the Soybean Oil below. Brazil is near finished planting a huge Soybean crop, without any weather concerns right now, and their Soybeans are also cheaper. I feel any Bean purchases from China are already priced into the market, and over the next three years, their Soybean purchase agreements (25MT) is below the standard amount they would buy anyway, and they are not look looking to do the US any favors either. I recommend Hedging as far out as possible now, and with an expected check from the government, you can lock in a high sale 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, and there are only 23 trading days left this year, give me a call if you would like to talk about it. Have a great night.
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REASONS WHY I AM STILL BULLISH SOYBEAN OIL.
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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 will be in Amarillo next week, December 1st - December 5th. Stop by our Booth #H827
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THIS WEEKS WALSH GAMMA TRADER FROM YESTERDAY 11/24/25 BELOW. ALL TRADES IN THE FATS, FEEDERS, AND HOGS WERE TAKEN OFF YESTERDAY.
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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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If you would like to open an account, please call or send me an email BALLEN@WALSHTRADING.COM
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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
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
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.
All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (“WTI”) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.