The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 10, 2025 December Corn (Daily) December Corn closed at 4.71 ¼ today, up 5 ¼ cents on the day. After opening last night below Friday’s low, prices rallied throughout the session, closing above Friday’s high, posting a Bullish Engulfment on the …
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 KC Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, February 3, 2025 March Kansas City Wheat (Daily) As we start “tariff week” the March KC Wheat closed up 6 ½ cents, settling at 5.85 ¾. You might notice that 4 of the past 4 sessions saw the market close above the …
Chart of the Day – March Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 31, 2025 March Soybean Oil (Daily) On Friday, March Soybean Oil closed up 1.13, at 46.11. Today’s bullish activity followed yesterday’s Doji, which is a day (bar) that opens and close at, or nearly at, the same price. Thursday’s trade also …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 29, 2025 March Soybeans (Daily) March Beans closed up 15 ½ cents on Wednesday, settling at 10.60 ½. Volume of almost 120,000 was decent, but today was also one of the lowest volume days of the month, so far. You can …
Charet of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 27, 2025 March Corn March Corn settled down 4 ½ cents on Monday, closing at 4.82. Last week saw Corn prices touch 4.94 ½, their highest level since May 29th of 2024, setting the weekly high last Thursday. Friday was a …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 21, 2025 March Soybeans March Beans started the 1st session of a new presidency by rallying some 33 ¼ cents to close at 10.67 ¼. From what I’ve been able to glean from the news articles coming across my screens today, …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 14, 2025 March Corn March Corn futures closed at 4.74 ½ today, down 2 cents. Last Friday, just 2 trading days ago, the USDA “finalized” the current crop, with the release of the January WASDE. In that report, fuel was given …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, January 9, 2025 March Soybeans March Soybeans closed up 4 ½ cent today, settling at 9.99. Tomorrow at 11 AM will be the January WASDE release. Typically, this report adds volatility to the market and is one that is widely watched and …
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 …