Cattle traders waiting for the Cattle On Feed data this afternoon, will the strong uptrend continue? Corn is trying to firm up, will Beans follow? Bean Oil post highest close since March 10th. Wheat market watching development of US Winter crop.
5 Minutes on the Markets – 03/20/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! New contract highs in Live Cattle and Feeder Cattle, Hogs weaker to test 200 day support. Export Sales early focus in Grains. New highs in Gold and Copper. Treasury Bonds and Stock Indexes all firmer this morning.
Charts of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, March 19, 2025 June Live Cattle (Daily) June Live Cattle settled at 202.850 today, up 1.850. This is a new contract high close. Momentum, as measured by the MACD and Stochastic (subgraphs) seems to be strong and both of those indicators are …
5 Minutes on the Markets – 03/19/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! Cattle futures shed some momentum before the Cattle on Feed, Hogs bounced off support again, Grains weaker overnight. Chicago Wheat testing technical resistance.
Chart of the Day – May Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, March 18, 2025 May Soybean Oil (Daily) May Bean Oil closed at 42.64 today, up 0.44 on the day. The trendline low was tested last week and we’ve since seen 3 days of positive price movement. Today’s close was also above the …
5 Minutes on the Markets – 03/18/2025
This video is posted by about 8 AM CST every morning, before the markets open. Check back here for another update! Livestock markets very strong, Wheat and Soybean Oil are leading the Grains this week and Crude turn higher. FOMC meeting begins today and Equities rollover this week.
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 17, 2025 December Corn (Daily) December Corn settled at 4.54 on Monday, up 3 cents from Friday’s close. During the month of March, this market has seemed to find support right near 4.48-4.50. I think that is somewhat bullish, as traders …
5 Minutes on the Markets – 03/17/2025
Cattle markets closed strong on Friday, Hogs at long term support looking for a bounce. Grains higher overnight, Wheat and KC Wheat leading the way. FOMC meeting this week, Equity Futures rollover. Crude complex turning up and Nat Gas weaker.
5 Minutes on the Markets – 03/14/2025
These videos are typically posted about 8 AM every morning, before the markets open. Cattle markets losing momentum? Hogs sharply lower. Wheat futures turning higher. Crude complex higher but Nat Gas losing bullish momentum.
Chart of the Day – May Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, March 13, 2025 May Feeder Cattle (Daily) May Feeders closed at 281.525 today, down 0.35 on the day. They did close lower, but have strung together 5 consecutive days of new contract highs. If you look back, the previous streaks like that …