This is posted every morning at about 8 AM, before the markets open. Livestock markets traded lower yesterday. Cattle markets may be signaling a bearish retracement on the horizon. New contract lows posted in both Chicago and KC Wheat, as recent rains help to ease drought conditions. Export Sales today were not great, mostly to the low end of expectations, …
Crude Oil Crashes Through $60 Barrier in Relentless Selloff
The June WTI (CLM25) contract settled at 58.21 (-2.21) [-3.66%], high of 60.43, low of 57.91. Cash price is 60.48 (-1.57). Open interest for CLM25 is 290,180. CLM25 settled below its 5 day (61.31), below its 20 day (62.19), below its 50 day (65.74), below its 100 day (68.20), below its 200 day (68.81) and below its year-to date (68.14) …
Grain Spreads: Soybean Levels Discussed
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 Beans drifted lower for a second straight day to end a wild month. We closed last year at 1010. Five percent higher on year is 1061 and while we have traded above that level numerous …
5 Minutes on the Markets – 04/30/25
This is posted every morning at about 8 AM, before the markets open. Live Cattle and Feeder Cattle remain strong, posting new highs again yesterday. They are getting close to some trend resistance, but haven’t weakened yet. Grains were sharply lower, July Corn shed some 13 cents, Wheat set new contract lows and Beans were lower, too. This morning it …
Pure Hedge – Livestock and Grain
4/29/25 . If you don’t like the customer service or lack of personal attention you are receiving at your new and very large brokerage house, you have options, and you don’t have to stay there. Account transfers are easy and so is opening a new account. . If you would like to receive more information on the commodity markets, please …
Chart of the Day – July Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 29, 2025 If you like this article and would like to receive more information on the commodity markets, please use the link to join our email list –Click here July Corn (Daily) July Corn closed down 13 cents today, at 4.70 ¼, …
Ongoing Oil Demand Uncertainty Pressures Futures Market
The June WTI (CLM25) contract settled at 60.42 (-1.63) [-2.63%], high of 62.07, low of 60.12. Cash price is 62.05 (-0.99). Open interest for CLM25 is 291,495. CLM25 settled below its 5 day (62.08), below its 20 day (62.80), below its 50 day (65.99), below its 100 day (68.29), below its 200 day (68.89) and below its year-to date (68.26) …
Commercial Hedge Spreads
We are looking for good risk to reward ratios using option spreads for low cost to entry, for the goal of catching bigger protracted moves in the underlying futures in our opinion. “The discussion of potential maximum profit does not imply the probable outcome of these trades.” The risk is the price paid for the call or put spreads plus …
Oil Futures Weigh Economic Uncertainty
The June WTI (CLM25) contract settled at 62.05 (-0.97) [-1.54%], high of 63.92, low of 61.48. Spot price is 63.04 (+0.24). Open interest for CLM25 is 295,096. CLM25 settled below its 5 day (62.73), below its 20 day (63.33), below its 50 day (66.19), below its 100 day (68.37), below its 200 day (68.97) and below its year-to date (68.35) …
5 Minutes on the Markets – 04/28/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets closed fairly strong on Friday, with Feeder Cattle posting new contract high closes. Lean Hogs lean the way, though. Talk this morning of US/MX border being closed to MX Cattle imports on April 30th, due to more concerns with screwworm. Grains lower overnight, with Wheat …