Contract High close in Feeders, Live Cattle staying strong. Grains up a little overnight, Beans erase yesterday’s losses, Wheat markets turning up? Gold, Silver and Copper charts indicate uptrends.
Oil Gains Off Less Than Expected U.S. Inventory Build, Dollar Weakness
The April WTI (CLJ25) trading session settled at 67.68 (+1.43) [+2.16%], a high of 67.88, a low of 66.15. Cash price is at (), while open interest for CLJ25 is 185,630. CLJ25 settled above its 5 day (66.67), below its 20 day (69.23), below its 50 day (71.55), below its 100 day (70.07), below its 200 day (71.06) and below …
Pure Hedge – Livestock and Grain
3/12/25 . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . The Cattle Markets are completing their orbit around the sun, gaining speed, and will be sent back towards earth faster. The April’25 Fats set another high today. April’25 Live …
Chart of the Day – May Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, March 12, 2025 May Corn (Daily) Today, May Corn settled at 4.60 ¾, down 9 ½ cents on the day. Yesterday’s WASDE report gave no ammo to the Bulls, in my opinion, and the tariff war or confusion isn’t helpful either. On …
Grain Spreads: USDA No Help 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 slid yesterday and finished slightly lower again today. Yesterday’s WASDE raised world ending stocks more than anticipated and lowered US exports. More supply and less demand usually equals lower on the Board. Nothing …
5 Minutes on the Markets – 03/12/2025
Are Livestock losing momentum? Grains continue downtrend, Cotton and Sugar starting to turn higher. Stock Indexes turned higher on the lower inflation data today, but can they hold it?
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, March 11, 2025 April Live Cattle (Daily) April Live Cattle closed at 199.550 today, down 1.025, posting a lower high and lower low than Monday’s trade. Overall, last week’s trade held support down near the 200-day moving average (purple) and the rally …
5 Minutes on the Markets – 03/11/2025
Turnaround Tuesday or continuation of momentum? WASDE @ 11 AM CST. Will Stock Index Futures continue their slide?
Chart of the Day – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 10, 2025 May Soybeans (Daily) The May Soybean contract closed down 11 cents on Monday, at 10.14. Today’s bar can be considered a “Bearish Engulfment” and is typically a sign of further weakness to come. Overall, the trend appears to be …
Pure Hedge – Livestock and Grain
3/10/25 . . If you would like to receive more information on the commodity markets, please use this link to join my email list Sign Up Now . . The Cattle Markets were mixed today, with the Fat and Feeders both having about a 2-dollar range. The April’25 Fats set another high today. April’25 Live Cattle were 30 …