Please join me every Thursday at 3pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Bean prices firmed this week to two-month highs driven higher in my view by the breakout rally in bean oil. There are also signs of de-escalation with China. The Chinese last night as announced some …
The Sinclair Report: Livestock Markets Press Higher with Bullish Momentum Holding Firm
April 25, 2025By John S. Simpson Jr., Senior Market Strategist – Walsh Trading 🐂 Live Cattle (LEM25) – New Highs Met with Profit-Taking, Eyes Still on Higher Ground The June live cattle contract (LEM25) has surged to fresh highs, continuing the strong uptrend initiated earlier this month. In my opinion, this market has shown impressive resilience since our long entry …
Chart of the Day – July Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, April 24, 2025 July Soybeans (Daily) Today, July Soybeans closed at $10.62, up 11 ¾ cents on the day. That’s the highest close we’ve seen since February 25th, two months ago. And it was also the first close above the 200-day moving …
OPEC Rumors of a June Output Increase, Ceilings Hold for Brent and WTI
The June WTI (CLM25) contract settled at 62.79 (+0.52) [+0.84%], high of 63.31, low of 61.99. Spot price is 62.24 (-1.44). Open interest for CLM25 is 300,434. CLM25 settled below its 5 day (63.02), below its 20 day (64.00), below its 50 day (66.52), below its 100 day (68.46), below its 200 day (69.10) and below its year-to date (68.51) …
Pure Hedge – Livestock and Grain
4/24/25 . If you don’t like the customer service or lack of personal attention you are receiving at your new and very large brokerage house, you have options, and you don’t have to stay there. Account transfers are easy and so is opening a new account. . If you would like to receive more information on the commodity markets, please …
5 Minutes on the Markets – 04/24/25
This is posted every morning at about 8 AM, before the markets open. Lice Cattle posted new contract highs and a new contract high close yesterday and may extend higher still. Feeders and Lean Hogs maintained their bullish momentum, but Fat Cattle lead the way. Corn and Wheat drove the Grain markets lower yesterday, while Soybeans are casting about for …
The Sinclair Report April 23, 2025
**Grain Markets Overview ** Wheat (ZWN25): The market broke through a critical support level set on August 27, 2024, at 560. This breakdown led to a short entry at 560 on April 21, with downside targets now seen at 545, 533, and 520. Continued pressure is likely unless significant support emerges. Soybeans (ZSN25): The soybean market continues its upward trend. Buying …
5 Minutes on the Markets – 04/23/25
This is posted every morning at about 8 AM, before the markets open. Livestock markets still strong, Live Cattle and Lean Hogs seem to be leading this week. Corn, Wheat weaker on weather and technicals, I think. Soybeans stuck against 200 day resistance, Soymeal weak and Bean Oil losing momentum. Cotton is up strong, Sugar looks to reverse trend. Gold …
Chart of the Day – July Copper
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 22, 2025 July Copper (Daily) As of this writing, July Copper is trading up 12.20 cents at 4.9025, gaining a little over 2.5% on the day. That seems like a strong move to my eye, as the July contract has cleared …
Turnaround-Tuesday Turns Around The Oil Markets
The June WTI (CLM25) contract settled at 63.67 (+1.26) [+2.02%], high of 64.36, low of 61.76. Spot price is 63.08 (-1.58). Open interest for CLM25 is 315,151. CLM25 settled above its 5 day (62.50), below its 20 day (64.63), below its 50 day (66.89), below its 100 day (68.56), below its 200 day (69.23) and below its year-to date (68.66) …