SOYBEANS– July beans were down 2 cents in the overnight session and were lower again today. Today’s export report showed soybean export sales of 258k mt. The top buyers of US beans on this report were China, Indonesia, and Egypt. July beans failed to close above the psychological resistance at 1200 today, but the high in the overnight session was …
Grain Spreads: The Most Undervalued
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 Oil Share and bean oil futures led the soybean complex with crude oil prices underpinning the enthusiasm for biofuels again. July soybeans rose 7 3/4 cents to $11.97, near the daily high and closed at …
The Grains Rally on Wednesday
SOYBEANS– July beans were up 3 ½ cents in the overnight session and continued higher during today’s session. Soybeans were unable to trade above resistance at 1200, making a high at 1198 ¼. Soybean oil continues to be very strong, which helps soybeans chances of moving higher. November soybeans have resistance at 1175. July ’26 Soybeans (ZSN26) settled at 1197.75 …
Chart(s) of the Day – June Live and August Feeder Cattle
What a difference a week can make…New Contract Highs for Live Cattle today! Are Feeders far behind? The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 28, 2026 June Live Cattle (Daily) Today, June Live Cattle closed at a new contract high settlement, 253.500, gaining 4.550 on the day. Following …
July Wheat Makes a New Contract High
SOYBEANS– July soybeans beans were down 1 cent in the overnight session and slightly lower again today. July beans made a low at 1182 this morning, while November made a low at 1159. The USDA has soybean planting at 23% complete, compared to the analyst estimate at 22% complete. The 5-year average for planting pace this time of year is …
Hogs Consolidate
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, April 28, 2026, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. It is free for anyone who wants to sign up and the link for sign up is below. …
The Grains Rally on Monday
SOYBEANS– Soybeans made a bullish move today, trading above the previous resistance level at 1180. The next resistance for July beans is 1200. It may be hard for soybeans to break with soybean oil showing so much strength. The market is looking ahead to the China meeting in mid-May. July ’26 Soybeans (ZSN26) settled at 1191.25 (+12.75), high of 1194.50, …
WRT World Agricultural Supply and Demand April 27
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Cattle Markets Rebound
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, April 28, 2026, at 3:15 pm. If you cannot attend live a recording will be sent to your email upon completion of the webinar. Sign Up Now Cattle futures Tried to rally early in the week on the slightly bullish Cattle on …
Grain Spreads: New Crop Hedge Ideas
Please join me for a free grain webinar every Thursday at 3pm Central time. We discuss supply, demand, weather, and the charts. Sign Up Now If you would like to receive more information on the commodity markets, please use the link to join our email list Sign Up Now Commentary Rain continued to limit fieldwork in the Midwest this week, though …