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 – June Live Cattle
Chart of the Day – June Live Cattle The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, April 17, 2025 June Live Cattle (Daily) June Live Cattle finished the shortened trading week today, gaining 2.000 to settle at 204.075. After the close, the April Cattle on Feed data was released. According …
Chart of the Day – July Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 15, 2025 July Soybean Oil (Daily) July Bean Oil closed at 47.84 today, up 0.99 from Monday’s close. This is the highest close in the July contract since April 2nd, just before all of the tariff news hit the markets. Since …
Chart of the Day – May Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, April 10, 2025 May Corn (Daily) May Corn closed up 9 cents on Thursday, settling at 483. That’s the highest daily close since February 26th. Since testing the blue trendline (drawn off the Aug-Oct lows) last on April 3rd, Corn has posted …
5 Minutes on the Markets – 04/10/2025
This is posted every morning at about 8 AM, before the markets open. Grain markets looking toward today’s WASDE report. Most futures markets posted large bullish reversal bars yesterday, following the tariff announcement. Your thoughts are as good as mine, as to whether they can hold those gains and build on them, but yesterday’s pause does give some level of …
Charts of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, March 19, 2025 June Live Cattle (Daily) June Live Cattle settled at 202.850 today, up 1.850. This is a new contract high close. Momentum, as measured by the MACD and Stochastic (subgraphs) seems to be strong and both of those indicators are …
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 – 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 – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 25, 2025 April Live Cattle (Daily) April Cattle closed at 195.725 on Tuesday, up 0.625. Prices have been moving higher this week, following last Friday’s Cattle on Feed report. I don’t think that report contained many surprises, as the overall herd …