5 Minutes on the Markets – 5/16/25

I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update!

Live Cattle and Feeder Cattle markets were sharply lower again yesterday. Feeder actually left a gap on the chart, as well. Certainly appears as if those market have made a short-term top. Lean hogs rallied, and that chart point toward the July contract filling an upside gap near 105.650. July Corn and KC Wheat are the lone “green” quote on my screen this morning in the Grains. Bean Oil finished limit down yesterday and is weaker again this morning, although nowhere near the expanded limit down. Wheat tour finished up in KS. Coffee chart may have a double top. Cocoa zooming higher again!