The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 27, 2025 July Soymeal (Daily) Today, July Soymeal closed up just 1 tick and settled at 296.30. Last week, this market staged a mini-rally from Tuesday’s low (290.10) to Thursday’s high (299.60) and the 5- and 10-day moving averages made a …
Chart of the Day – July Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 20, 2025 July Wheat (Daily) Today, July Wheat closed at 5.46, up 17 cents on the day. The 5- and 10-day moving averages also crossed into bullish territory, adding some fuel to the bulls. This marked the highest close since April …
Chart of the Day – July Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, April 24, 2025 July Soybeans (Daily) Today, July Soybeans closed at $10.62, up 11 ¾ cents on the day. That’s the highest close we’ve seen since February 25th, two months ago. And it was also the first close above the 200-day moving …
Chart of the Day – May Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, March 18, 2025 May Soybean Oil (Daily) May Bean Oil closed at 42.64 today, up 0.44 on the day. The trendline low was tested last week and we’ve since seen 3 days of positive price movement. Today’s close was also above the …
Chart of the Day – December Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 17, 2025 December Corn (Daily) December Corn settled at 4.54 on Monday, up 3 cents from Friday’s close. During the month of March, this market has seemed to find support right near 4.48-4.50. I think that is somewhat bullish, as traders …
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 …
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 …
Chart of the Day – November Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, February 26, 2025 November Soybeans (Daily) Today, November Soybeans closed at 10.45 ½, down 5 ½ cents. This is the weakest close for new crop Beans since Feb 13th. However, you may notice that the 50-and 100-day moving averages (green, grey. 10.33 …
Chart of the Day – May Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 24, 2025 May Corn (Daily) May Corn futures closed at 4.97 today, down 8 cents. You might notice that the volume over the past two sessions has spiked quite a bit higher. Some of this weakness is due to contract rollover, …
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- …