The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, May 29, 2025 August Feeder Cattle (Daily) Today, August Feeders closed at 299.925, gaining 4.300 on the day. Earlier this week, the market got hit with a strong bout of selling pressure, but that only lasted for a relatively short time. It …
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 – August Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, May 15, 2025 August Live Cattle (Daily) Last week in this space, I wrote about the June contract. Open interest and trade volume has since shifted to the August. August Live Cattle dropped 3.525 today, to settle at 205.850. At first glance, …
Chart of the Day – July Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 13, 2025 July Soybeans (Daily) July Soybeans settled at 10.72 ¼ today, up 1 ¼ cents. Yesterday’s WASDE did nothing for the bears and the market closed some 18 ¾ cents off the lows of the day. Today, the market exceeded …
Chart of the Day – June Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 6, 2025 June Live Cattle (Daily) I wrote about Live Cattle here in this space a few weeks ago. If you like, you can revisit those comments from April 17th here. June Live Cattle closed at 213.675 today, gaining only a …
Chart of the Day – July Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 29, 2025 If you like this article and would like to receive more information on the commodity markets, please use the link to join our email list –Click here July Corn (Daily) July Corn closed down 13 cents today, at 4.70 ¼, …
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 – 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 …