Analyzing the July-December Bean Oil Futures Spread: A Potential for Expansion As of now, the July-December bean oil futures spread is around $1, but I am anticipating this spread to widen to $4-5 in the coming months. In my view, several factors will likely contribute to this change, driven by both seasonal trends and supply-demand dynamics in the soybean oil …
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 …
Grain Spreads: No Conviction in Wheat
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 Wheat prices ended the session with lightly mixed results after going through an uneven round of choppy trading on Tuesday. Chicago wheat added 1.75 cents to close at $546.75, March Kansas City futures held steady …
New Trump Tariff Rumors, Profit Taking, Send Crude Prices Lower – Crude Oil
The March WTI (CLH25) trading session settled at 76.37 (-0.93) [-1.20%], a high of 77.51, a low of 76.20. Cash price is at 78.87 (+2.30), while open interest for CLH25 is at 346,108. CLH25 settled above its 5 day (75.11), above its 20 day (71.70), above its 50 day (69.91), above its 100 day (69.55), above its 200 day (72.26) …
The Sinclair Report
Why the Price Discrepancy Between U.S. Gulf and Brazilian Soybeans is Out of Line In recent weeks, the price difference between soybeans exported from the U.S. Gulf and those coming out of Brazil has widened significantly, with U.S. soybeans being priced around $40 per ton higher. This discrepancy has raised some questions, and in my opinion, this spread is out …
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 …
Pure Hedge – Livestock and Grain
1/13/25 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 closing higher. The Fats dropped more than a dollar today. February’25 Live Cattle were 1.37 ½ lower today and settled at 197.40. Today’s …
Hogs Rally to Resistance
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. …
Biden’s 11th Hour Russian Sanctions, Supply Disruptions, Sends Crude to Five-Month Highs – Crude Oil
The March WTI (CLH25) trading session settled at 77.30 (+1.55) [+2.05%], a high of 77.64, a low of 75.67. Cash price is at 76.57 (+2.64), while open interest for CLH25 is at 348,624. CLH25 settled above its 5 day (74.47), above its 20 day (71.38), above its 50 day (69.73), above its 100 day (69.48), above its 200 day (72.25) …
Grain Spreads: Meal Plan
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 Soybean prices in my opinion saw significant follow through from the bullish USDA report on Friday which resulted in the market testing the early November highs. The market is heading for the 0.382% retracement to …