Please join me for a free grain webinar this Friday at 2pm Central. We discuss supply, demand, weather, and the charts. Commentary Wheat markets have broken out to the upside today with strong buying due to increasing geopolitical risks, slow HRW harvest, and increasing Russian attacks on Ukraine. While the world is focused on Israel and Iran, the tensions have …
Chicago Wheat Closes Up 25 Cents on Wednesday
Soybeans– Temperatures will be higher in the near-term but looking ahead to next week they shift back to normal in the Midwest. The soybean growing areas still needing to finish up planting stretch from parts of Kansas, across Missouri, and into Illinois. The Ohio River Valley and Eastern Corn belt area has been dealing with wet weather as well. Soybean …
5 Minutes on the Markets – 06/18/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Markets closed tomorrow for Juneteenth. Live Cattle and Feeder Cattle markets hit with aggressive selling pressure on Tuesday. Based on those closes, I would expect more liquidation pressure today. Cattle on Feed Report on Friday afternoon, estimates indicate 99% for all …
Pure Hedge – Livestock and Grain
6/17/25 . . 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 …
Chart of the Day – November Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, June 17, 2025 November Soybeans (Daily) Today, November Soybeans close at 10.673/4, up 7 ¼ cents on the day. Friday’s “surprise” announcement of biofuel standards gave a strong technical boost to the futures, and this week that strength has continued. Today’s settlement …
Soybean Oil Closes Lower Following 2 Limit Up Days
Soybeans– Soybeans closed higher today, while soybean oil moved slightly lower following two limit up moves in a row. Soybean conditions fell to 66% good/excellent, down 2% over last week. Last year at this time, the good/excellent rating for soybeans was 70%. Planting is at 93% complete, ahead of the five-year average at 84%. The 8–14-day forecast shows above normal …
Grain Spreads: Dec 25/26 corn
Please join me this Friday at 2pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary National corn condition ratings rose a point this week to 72% good/excellent, even with last year but above the 67% five-year average; emergence of that crop rose from 87% to 94% complete, up from 92% …
5 Minutes on the Markets – 06/17/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle markets shook off Friday’s bearish close and rallied on Monday. The trend is still up, traders waiting to see if cash market strength continues. Boxed Beef jumped another $4.23 to 382.11, seeming to show that higher prices are still ahead …
Livestock Markets Surge as Strong Cash Dominates
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, June 17, 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. …
Soybean Oil Limit Up Again on Monday Using Expanded Limits
Soybeans– Soybean oil was limit up again today off the EPA’s announcement of higher RVOs for bio-mass based biodiesel. The EPA raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Soybean oil was limit up on Friday as well. Temperatures are expected to rise over the next …