The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 28, 2025 April Live Cattle (Daily) April Live Cattle settled up 3.450 today, closing at 207.275, setting another record-high of 207.725 and also a record-high close. That’s 5 days in a row, for those keeping track at home. You might see …
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 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 Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, January 6, 2025 March Corn March Corn started this week gaining 7 cents to close at 4.57 ¾. This will be (almost) the first full week of trading since the week before Christmas. I say “almost” because we’ll lose a little over …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 19, 2024 March Corn closed up 3 ½ cents today, at 4.40 ¾. Overflowing pressure from the rest of the Grain complex pushed prices lower on Tuesday and Wednesday, to my eye, as both Soybeans and Wheat have set new contract …
Chart of the day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 18, 2024 February Gold As of this writing, February Gold is currently trading at 2609.60, down 52.40 on the day. Most of the selling pressure came in as soon as the FOMC announced the ¼ rate cut at 1 PM CT. …
Chart of the Day – March Chicago Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 17, 2024 March Wheat March Wheat closed down 5 cents at 5.45, a new contract low close, today. It did not set a new intraday low however, that was on Dec 4th at 5.40 ¼. By looking at the chart above, …
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 …
Chart of the Day – March Cocoa
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, December 13, 2024 March Cocoa Today, March Cocoa closed up 459 to 11280. Since the market made it’s last significant low, on Oct 25th, it has rallied an astounding 5349 pts., or 88.91%, from low to high. This rally has been spurred …