This is posted every morning at about 8 AM, before the markets open. Livestock markets still strong, Live Cattle and Lean Hogs seem to be leading this week. Corn, Wheat weaker on weather and technicals, I think. Soybeans stuck against 200 day resistance, Soymeal weak and Bean Oil losing momentum. Cotton is up strong, Sugar looks to reverse trend. Gold …
5 Minutes on the Markets – 04/22/2025
This is posted every morning at about 8 AM, before the markets open. Live Cattle closed slightly lower but well off of the highs with Feeders making a more substantial decline. Hog posted a higher high and low to start the week, maintaining upward momentum. Grains were lower on Monday and the Crop Progress report from yesterday afternoon is weighing …
5 Minutes on the Markets – 04/21/2025
This is posted every morning at about 8 AM, before the markets open. Cattle trade posted a strong close before Thursday’s Cattle on Feed report. Will there be a muted reaction following the long weekend? Grains mildly firmer overnight. Weather is in focus, large storms through the Midwest dropped 4-5″ in some spots over the holiday, may delay this week’s …
5 Minutes on the Markets – 04/17/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets traded higher on Wednesday. Both of the Feeder and Live Cattle markets posted decent gains, continuing the long-term uptrend. There is a Cattle on Feed report due today, after the close. Lean Hogs led the way, however, with the June contract posting a strong bullish …
5 Minutes on the Markets – 04/16/2025
This is posted every morning at about 8 AM, before the markets open. Cattle markets closed higher, Feeders have filled an overhead gap. Hog finished higher but failed to test/break the 200-day average. Grains firmer overnight, Corn seems to be leading the way.
5 Minutes on the Markets – 04/15/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets higher, Lean Hogs filled the overhead gap on Monday. Live Cattle still have a ways to go before filling the gap on that chart at 203.700 in June, while Feeders now have price gaps higher and lower to fill. Corn closed lower after 7 days …
5 Minutes on the Markets – 04/14/2025
This is posted every morning at about 8 AM, before the markets open. Can Cattle markets continue the bullish reversal that started last week? Lean Hogs eyeing an upside gap. Grains a touch weaker following last week’s strong gains, 7 consecutive days up for Corn,5 days for Beans and Soymeal. Highest close for Chicago Wheat since March 21st.
5 Minutes on the Markets – 04/11/2025
This is posted every morning at about 8 AM, before the markets open. Cattle markets retraced some of Wednesday’s gains yesterday. Hog futures posted higher highs and higher lows and may try to fill some price gaps. Grains stronger following USDA data yesterday, adding to gains overnight. Metals up, led by $250 rally in Gold over three days. Stock Indexes …
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 …
5 Minutes on the Markets – 04/10/2025
This is posted every morning at about 8 AM, before the markets open. Grain markets looking toward today’s WASDE report. Most futures markets posted large bullish reversal bars yesterday, following the tariff announcement. Your thoughts are as good as mine, as to whether they can hold those gains and build on them, but yesterday’s pause does give some level of …