For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, February 25, 2025, 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. …
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 21, 2025 April Lean Hogs (Daily) April Lean hogs closed at 87.675 on Friday, down .850 on the day. That strings together 6 “bearish” days together, or day where the close was lower than the open. The April contract started the …
Grain Spreads: Tail of the Dog 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 Strong export sales and March option expiration seemed to be the only driving forces in the wheat market today. Weekly export sales were good this week totaling 532k metric tonnes which landed near the upper …
Kurdish Oil Exports To Return? U.S. Considering Easing Russian Sanctions? Crude Oil Sells Off
The April WTI (CLJ25) trading session settled at 70.40 (-2.08) [-2.87%], a high of 72,77, a low of 70.17. Cash price is at 72.57 (+0.34), while open interest for CLJ25 is at 312,935. CLJ25 settled below its 5 day (71.47), below its 20 day (71.85), below its 50 day (71.81), below its 100 day (70.42), below its 200 day (71.45) …
The Sinclair Report: Livestock Markets Face Pressure Amid Profit-Taking and Demand Uncertainty
By John S. Simpson Jr. | February 21, 2025 The livestock markets have experienced notable declines in recent sessions, reflecting a mix of profit-taking, shifting demand dynamics, and broader economic concerns. After a strong run-up in cattle and hog markets, traders are reassessing positions as technical levels come into focus and consumer demand signals show potential weakness. Live Cattle: Breaking …
EIA Reports 4th Consecutive Week Of U.S. Crude Oil Inventory Builds
The April WTI (CLJ25) trading session settled at 72.48 (+0.38) [+.53%], a high of 73.14, a low of 71.73. Cash price is at 72.23 (+0.37), while open interest for CLJ25 is at 302,278. CLJ25 settled above its 5 day (71.66), above its 20 day (72.04), above its 50 day (71.76), above its 100 day (70.39), above its 200 day (71.47) …
Chart of the Day – April Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 20, 2025 April Feeder Cattle (daily) April Feeder Cattle closed at 266.375 today, down 2.225. You might notice, by looking at the chart, that the market has held right along the 23% Fibonacci level for the past 10 sessions. Some of …
Hogs Fall Back
For those interested I hold a weekly livestock webinar on Tuesdays and my next webinar will be Tuesday, February 25, 2025, 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. …
Chart of the Day – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Soybeans (Daily) Today, May Soybeans settled at 10.48 ¼, down 7 ¼ cents. Volume was high at just over 111,000 contracts traded, setting a new volume high for May futures. The close pushed prices back below the 5- …
The API Reports Another Week Of Inventory Builds – WTI Crude Oil
The April WTI (CLJ25) trading session settled at 72.10 (+0.27) [+0.38%], a high of 72.91, a low of 71.69. Cash price is at 71.86 (+1.16), while open interest for CLJ25 is at 298,408. CLJ25 settled above its 5 day (71.41), below its 20 day (72.15), above its 50 day (71.64), above its 100 day (70.33), above its 200 day (71.48) …