Turnaround Tuesday or continuation of momentum? WASDE @ 11 AM CST. Will Stock Index Futures continue their slide?
Chart of the Day – May Soybeans
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 …
5 Minutes on the Markets – 03/10/2025
Livestock markets finished the week strong. Corn, Wheat, Soymeal higher overnight. Stock Indexes very weak and Bonds seem strong.
Chart of the Day – April Lean Hogs
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 27, 2025 April Lean Hogs April Lean Hogs closed down 3.925 today, settling at 84.375. That puts prices just above the 200-day average (purple, 84.228). Volume was high today, which usually means position liquidation and further weakness ahead. However, tomorrow is …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, February 13, 2025 April Live Cattle (Daily) Today, April Live Cattle closed at 196.525, up .800 on the day. Yesterday’s trade posted a bit of an equilibrium day, to my eye. Not quite a textbook Doji, as there was .100 difference between …
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 12, 2025 November Soybeans (Daily) November Soybeans closed down 11 ½ cents on Monday, settling at 10.44. Last week prices tested the 200-day moving average (purple line, roughly 10.72 last week, 10.69 today) and have since pulled back some. The 5- …
Chart of the Day – April Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, January 24, 2025 April Live Cattle April Live Cattle closed at 203.025 on Friday, gaining 2.30 on the, finishing off the week with 3 consecutive record high closes. That puts the April Fats up 8.750 this month (+4.5%) and if they can …