Chart of the Day – May Soybean Oil

Jeff FosseGeneral Commentary Leave a Comment

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

Jeff FosseGeneral Commentary

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 …

Chart of the Day – April Live Cattle

Jeff FosseGeneral Commentary

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 …

Chart of the Day – May Soybeans

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 10, 2025 May Soybeans (Daily) The May Soybean contract closed down 11 cents on Monday, at 10.14.  Today’s bar can be considered a “Bearish Engulfment” and is typically a sign of further weakness to come.  Overall, the trend appears to be …