The June WTI (CLM25) contract settled at 57.07 (-1.02) [-1.73%], high of 60.26, low of 57.81. Cash price is 59.08 (+1.93). Open interest for CLM25 is 257,388. CLM25 settled below its 5 day (58.34), below its 20 day (60.83), below its 50 day (64.53), below its 100 day (67.74), below its 200 day (68.42) and below its year-to date (67.57) …
Grain Spreads: July/Dec Corn Examined
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Corn traded both sides of unchanged but ended up down in the front month (July 25) off of longer-term forecasts of dry weather for the western corn belt and hopes that Chinese trade talks could …
5 Minutes on the Markets – 05/07/25
Both Live and Feeder Cattle posted new contract highs for the 3rd consecutive day. The trends are certainly still up, but momentum seems to be dropping. Lean Hogs gapped lower yesterday and appear poised to test 200 day support. Grains got a bullish bounce overnight, on new that the US and China will meet this weekend in Switzerland. Obviously, nothing …
Crude Prices Recover After Violent Selloff
The June WTI (CLM25) contract settled at 59.09 (+1.96) [+3.43%], high of 59.84, low of 57.03. Cash price is 57.15 (-1.17). Open interest for CLM25 is 268,635. CLM25 settled below its 5 day (58.39), below its 20 day (60.88), below its 50 day (64.74), below its 100 day (67.85), below its 200 day (68.49) and below its year-to date (67.68) …
Chart of the Day – June Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 6, 2025 June Live Cattle (Daily) I wrote about Live Cattle here in this space a few weeks ago. If you like, you can revisit those comments from April 17th here. June Live Cattle closed at 213.675 today, gaining only a …
Pure Hedge – Livestock and Grain
5/6/25 . 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 …
Grain Spreads: Old Crop Doldrums
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary It is my belief that due to nearly ideal spring weather and coming forecasts are weighing heavily on grains. The USDA reports that corn plantings are 40% finished versus expectations of 41%. The 5year average …
5 Minutes on the Markets – 05/06/25
This is posted every morning at about 8 AM, before the markets open. Live Cattle and Feeder Cattle set new contract highs and closed strong. Lean Hogs were a slightly lower to start the week. Corn dropped aggressively on planting progress and 10-day weather forecasts, July settled at the lowest price since just before Christmas. Beans and Wheat were weak, …
Hogs Consolidate While Cattle Markets Make New All-Time Highs
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, May 06, 2025, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Oil Falls Amid OPEC+ Production, Demand Uncertainty
The June WTI (CLM25) contract settled at 57.13 (-1.16) [-1.99%], high of 57.70, low of 55.30. Cash price is 58.32 (-0.92). Open interest for CLM25 is 283,282. CLM25 settled below its 5 day (58.66), below its 20 day (60.95), below its 50 day (64.96), below its 100 day (67.93), below its 200 day (68.56) and below its year-to date (67.79) …