The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, November 11, 2024 December Corn December Corn started off this week closing down a penny from Friday’s close at 4.30. Last’s week’s finish was fairly strong, with the Dec managing to gain 16 ½ cents on the week, and posting it’s best …
Chart of the Day
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, November 8, 2024 January Feeder Cattle January Feeder Cattle closed down 2.90 on the day and 1.775 lower for the week. As you can see by the chart above, the market has seemed to be trading in a range that’s been seemingly …
Chart of the Day – December Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 7, 2024 December Soybean Oil Today the December Soybean Oil contract jumped up 1.98 to close at 48.32, posting it’s highest close since July 5th. Volume was the highest of the week, so far, suggesting to me that there is still …
Chart of the Day – December Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity December Live Cattle The December Live Cattle contract finished the day up 0.62 at 185.40, roughly in the middle of the range today. They started off firmer in reaction to the election results, jumping to 186.60 and setting new highs for the week …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity December Corn November 4, 2024 As we start off Election, FOMC and WASDE week, the December Corn contract settled up 2 Cents at 4.16 ½. We did see another test of what seems to be overhead trend line resistance early in the day …