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Exciting & Bullish Session


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Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

Below is the Special Email Alert I posted earlier in the session. Note the time sent.


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SPECIAL EMAIL ALERT!


It is an exciting and bullish session!

In the grains, soybeans are 5 higher and wheat up 8 cents. The bull spreads are gaining ground and soy meal outperforming soy oil. And just before the opening it was announced the Russia will limit grain exports to 20 million tones in the January to June period.

In the livestock, prices across the complex are higher led by February lean hogs. Yesterday, I was willing to add to long positions in February hogs if they rose to $66.27 or higher. The range today is $66.67 to $65.67. If the market can rise over $67.00 and close over that level, unusual strength may quickly unfold.

Those willing to buy hogs here 45 to 75 higher should place stops at yesterdays settlement. As for cattle............be patient.

The day is young but also exciting and bullish!

the time is 8:48 a.m. Chicago

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The Special Email Alert above was in addition to my two regular broadcasts of my twice a day newsletter, Commodity Insite.

With but a few minutes until the critter complex closes for the day, February lean hog futures are on the plus by 140 points at $67.40with the spring months higher by 105 points or so. Grains remain firm with the bull spreads picking up a bit of ground with soybeans, corn and wheat.


The time now is 12:53 p.m. .


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About the author


Jerry Welch has been in the futures industry since the late 1970's and is a true veteran of the markets. He has been quoted often in Wall Street Journal and is author of Commodity Insite, one of the longest commodity futures newspaper columns in history. His weekly column has been published each week since the mid 1980's and is one of the most recognized names in the world of commodities.

Mr. Welch is also known widely as a, "so so" flyfisherman.  

His column is published by the Illinois Agri News in La Salle, Illinois, Cattle Today, in Fayette, Alabama as well as Consensus, in Kansas City, Kansas.

He can be contacted at 406.682.5010 for a view of his, "twice a day" market column that includes price forecasts and trading suggestions.

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