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 …
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 …
Pure Hedge – Livestock and Grain
1/6/25 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 higher today, with the Hogs down more than another dollar. The Fats gained more than a dollar today. February’25 Live Cattle were 1.15 higher today and settled at 195.20. Today’s …
Presidents Clash, Prime Minister Resigns, Saudi Arabia Hikes Prices, and the Weather Remains Cold – Crude Oil
The February WTI (CLG25) trading session settled at 73.56 (-0.40) [-0.54%], a high of 74.99, a low of 73.20. Cash price is at 73.94 (+0.84), while open interest for CLG25 is at 310,913. CLG25 settled above its 5 day (72.66), above its 20 day (70.27), above its 50 day (69.41), above its 100 day (69.67), above its 200 day (72.65) …
Grain Spreads: Funds Defend Position
Please join me every Thursday for a free grain webinar at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Corn continues to drive higher as managed funds defend their positions on breaks while amassing a sizable net long position. Money managers ended 2024 with a net long in corn futures 228,806 futures & options …