For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, January 14, 2024, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. If you cannot attend live a recording will be sent to your email upon completion of the webinar. …
Pure Hedge – Livestock and Grain
1/8/25 If you would like to receive more information on the commodity markets, please use the link to join my email list Sign Up Now . The Cattle Markets were lower today, with the Hogs setting a new 1-month low. The Fats dropped almost 2 dollars today. February’25 Live Cattle were 1.87 ½ lower today and settled at 193.70. Today’s …
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 …
WTI Falls Below $75, Off The Back Of EIA Data And Dollar Strength – Crude Oil
The February WTI (CLG25) trading session settled at 73.32 (-0.93) [-1.25%], a high of 75.29, a low of 73.16. Cash price is at 74.29 (+0.69), while open interest for CLG25 is at 270,820. CLG25 settled below its 5 day (73.65), above its 20 day (70.90), above its 50 day (69.55), above its 100 day (69.67), above its 200 day (72.64) …
Grain Spreads: Bean WASDE Positioning
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Traders returned to a pattern of technical selling on Wednesday that led to moderate midweek losses for corn, soybeans and wheat. Consider we are two sessions away from one of the most important trade reports …
January 2025 Grain Market Update
My Take on Corn, Wheat, and Soybeans The grain markets are buzzing with activity as we step into 2025. Here’s my perspective on the current trends in corn, wheat, soybeans, soybean oil, and soybean meal, supported by recent data and analysis. Corn: A Push Towards $5? Corn futures are currently trading near $4.40 per bushel. Analysts from AgWeb suggest that prices …
STEVE SLOAN’S CYCLES REPORT – Cattle High
LIVE CATTLE 21 Day Cycle Steve’s Commentary: The data in the chart shows that the cattle market could be near a 21 day cycle high. 21 Day Chart – Steve Steve SloanJohnson Lake [email protected] Call for specific trade recommendations. 1-308-440-9903 Email me [email protected] Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and …
Corn Forecast 2025
Will demand push corn prices higher in 2025? At near $4.40, the 2025 price of corn futures appears to be near or below the cost of production. The National Corn Growers Association, using the USDA cost of production forecast for corn and the 181 bushel per acre yield projection, estimated the average cost of production at $4.80 per bushel for …
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 …
Silver and Copper Poised for Gains: A Bullish Outlook
In my opinion, silver and copper futures markets appear set for upward momentum, driven by a combination of strong macroeconomic factors and robust industrial demand. Based off my technical analysis I believe silver is targeting $33.31 and copper poised to reach $4.25, the stage is set for a potential breakout in these commodities. Silver: A Shine Backed by Fundamentals Silver’s …