The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Corn (Daily) May Corn closed at 5.15 ¾ today, up 7 cents since Friday’s close. Today’s trade took out the congestion/consolidation space that’s been building over the 2-3 weeks and would indicate the beginning of another bullish push …
Chart of the Day – May Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 14, 2025 May Wheat (Daily) May Wheat (Chicago) closed up 21 ½ cents on Friday, settling at 6.13 ¼, the highest close since October 17th of last year. Volume over the past 6 sessions has been high as traders roll from …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 13, 2025 April Live Cattle (Daily) Today, April Live Cattle closed at 196.525, up .800 on the day. Yesterday’s trade posted a bit of an equilibrium day, to my eye. Not quite a textbook Doji, as there was .100 difference between …
Chart of the Day – November Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, February 12, 2025 November Soybeans (Daily) November Soybeans closed down 11 ½ cents on Monday, settling at 10.44. Last week prices tested the 200-day moving average (purple line, roughly 10.72 last week, 10.69 today) and have since pulled back some. The 5- …
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 11, 2025 April Lean Hogs (Daily) Today, April Lean Hogs settled at 92.975, up 1.35 on the day. This is a contract high close for the Hogs and was a very strong day, with the market opening just 1 tick off …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 10, 2025 December Corn (Daily) December Corn closed at 4.71 ¼ today, up 5 ¼ cents on the day. After opening last night below Friday’s low, prices rallied throughout the session, closing above Friday’s high, posting a Bullish Engulfment on the …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 4, 2025 March Soybeans (Daily) Today, March Soybeans closed at 10.75, up 16 ¾. That’s the best close since October 3rd. The threat of tariffs have caused a bit of whiplash over the past few days, causing a 16 ½ cents …
Chart of the Day – March KC Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 3, 2025 March Kansas City Wheat (Daily) As we start “tariff week” the March KC Wheat closed up 6 ½ cents, settling at 5.85 ¾. You might notice that 4 of the past 4 sessions saw the market close above the …
Chart of the Day – March Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 31, 2025 March Soybean Oil (Daily) On Friday, March Soybean Oil closed up 1.13, at 46.11. Today’s bullish activity followed yesterday’s Doji, which is a day (bar) that opens and close at, or nearly at, the same price. Thursday’s trade also …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 29, 2025 March Soybeans (Daily) March Beans closed up 15 ½ cents on Wednesday, settling at 10.60 ½. Volume of almost 120,000 was decent, but today was also one of the lowest volume days of the month, so far. You can …