This is posted every morning at about 8 AM, before the markets open. Live Cattle and Lean Hogs each posted a Bearish Engulfment on their respective charts yesterday, suggesting the price pressure should continue. Grains higher overnight, showing little recent effect from tariff worries. Overall market volatility remains high, with Stock Indexes aggressively lower lower, Energies sharply lower, T-Bonds dropping …
5 Minutes on the Markets – 03/27/2025
This is posted every morning at about 8 AM, before the markets open. Cattle markets struggling with direction, Hogs bouncing around long term support/resistance. Bean Oil up sharply this morning, Soybeans following a bit higher. Export Sales were mostly on the lower end of expectations.
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- …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 4, 2025 March Soybeans (Daily) Today, March Soybeans closed at 10.75, up 16 ¾. That’s the best close since October 3rd. The threat of tariffs have caused a bit of whiplash over the past few days, causing a 16 ½ cents …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, December 16, 2024 March Soybeans Open Interest has shifted to the March contracts in the Soy complex. January is still leading, as far as volume goes, but that will change in the coming days. Today, the March contract dropped 9 cents, to …
AG TIME
The soy quiet but lower. The tariffs are slated to hit more Chinese goods. The African swine fever continues to quietly spread. The market, I believe, will need to deal with the latter for some time. It is there to stay until eradicated. The setup in China makes the spread easy. I remain bearish soy. However, the market has fallen …
AG TIME – Marking Time Now
The soy markets have corrected a bit here with meal leading the way. The USDA report Wednesday should provide a couple things. 1) confirmation of a larger carry. 2) confirmation of a weakening demand base. The current estimates have cut China’s demand back. It is important in my opinion to understand that the numbers in and of themselves by all …
AG TIME – What is Going on?
The meal rallied today. The thought of Argentina putting an export tax on beans is pushing meal. This to me does not make sense. The US harvest is upon us and the size of the crop will allow Argentina, and any one else for that matter, to buy beans, import and crush for profit. The world is awash with a …
Harvest Approaches………Preliminary 9/5
It appears as if “Anything Goes” as we approach corn and bean harvest, wheat seeding, mid-term elections and new trade deals with Canada, China and others………………….We are a week away from the USDA Production and Supply/Demand estimates for conditions as of September 1 …………………. Some crop tours have suggested that the corn crop is close to the August USDA figure …