The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 24, 2025 April Live Cattle April Live Cattle closed at 203.025 on Friday, gaining 2.30 on the, finishing off the week with 3 consecutive record high closes. That puts the April Fats up 8.750 this month (+4.5%) and if they can …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 21, 2025 March Soybeans March Beans started the 1st session of a new presidency by rallying some 33 ¼ cents to close at 10.67 ¼. From what I’ve been able to glean from the news articles coming across my screens today, …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 14, 2025 March Corn March Corn futures closed at 4.74 ½ today, down 2 cents. Last Friday, just 2 trading days ago, the USDA “finalized” the current crop, with the release of the January WASDE. In that report, fuel was given …
Chart of the Day – March Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 13, 2025 March Feeder Cattle March Feeder started off this week by dropping 1.50 to close at 267.90. Last week my news feed (and still some today) was talking about record-high cattle prices. There’s no mistake, cash cattle prices ARE historically …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, January 9, 2025 March Soybeans March Soybeans closed up 4 ½ cent today, settling at 9.99. Tomorrow at 11 AM will be the January WASDE release. Typically, this report adds volatility to the market and is one that is widely watched and …
Chart Of the Day – February Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 8, 2025 February Live Cattle Today, February Live Cattle closed at 193.70, down 1.875 on the day. This is just the second “red” or down day since Christmas, but it was a much larger move than the last down day, Dec …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity March Soybeans March Soybeans closed down ½ cent today, settling at 997 1/4. Trade did dip below the 10-day moving average during the overnight trade (994 ½) but buyers resurfaced after the day session opened and the market worked up off the low …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 6, 2025 March Corn March Corn started this week gaining 7 cents to close at 4.57 ¾. This will be (almost) the first full week of trading since the week before Christmas. I say “almost” because we’ll lose a little over …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 19, 2024 March Corn closed up 3 ½ cents today, at 4.40 ¾. Overflowing pressure from the rest of the Grain complex pushed prices lower on Tuesday and Wednesday, to my eye, as both Soybeans and Wheat have set new contract …
Chart of the day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 18, 2024 February Gold As of this writing, February Gold is currently trading at 2609.60, down 52.40 on the day. Most of the selling pressure came in as soon as the FOMC announced the ¼ rate cut at 1 PM CT. …