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 Soybean Oil
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, May 1, 2025 July Soybean Oil (Daily) Today, July Soybean Oil closed at 49.70, up 0.73 on the day. A few weeks ago I wrote about this market here if you’d like to revisit that article. Since then, Bean Oil has rallied …
5 Minutes on the Markets – 04/30/25
This is posted every morning at about 8 AM, before the markets open. Live Cattle and Feeder Cattle remain strong, posting new highs again yesterday. They are getting close to some trend resistance, but haven’t weakened yet. Grains were sharply lower, July Corn shed some 13 cents, Wheat set new contract lows and Beans were lower, too. This morning it …
Chart of the Day – July Copper
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, April 22, 2025 July Copper (Daily) As of this writing, July Copper is trading up 12.20 cents at 4.9025, gaining a little over 2.5% on the day. That seems like a strong move to my eye, as the July contract has cleared …
Chart of the Day – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, April 11, 2025 May Soybeans (Daily) May Soybeans closed at 1042 ¾ on Friday, up 13 ¾ on the day. That is the highest close since February 25th and right on the 200-day moving average. The 200 day is often used as …
Chart of the Day – June Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, April 7, 2025 June Live Cattle (Daily) Following Friday’s limit-down close, June Live Cattle closed down 4.025, at 194.175. As futures did not settle at limit, one way or another today, there will be normal trading limits for Tuesday’s trade. Monday’s trade …
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 – May Feeder Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, March 13, 2025 May Feeder Cattle (Daily) May Feeders closed at 281.525 today, down 0.35 on the day. They did close lower, but have strung together 5 consecutive days of new contract highs. If you look back, the previous streaks like that …
5 Minutes on the Markets – 03/13/2025
Contract High close in Feeders, Live Cattle staying strong. Grains up a little overnight, Beans erase yesterday’s losses, Wheat markets turning up? Gold, Silver and Copper charts indicate uptrends.
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, March 11, 2025 April Live Cattle (Daily) April Live Cattle closed at 199.550 today, down 1.025, posting a lower high and lower low than Monday’s trade. Overall, last week’s trade held support down near the 200-day moving average (purple) and the rally …