I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle posted gains to start the week. My expectation is that Cattle futures continue the uptrend, as cash cattle trade is taking place at prices well over the futures price. Lean Hogs couldn’t quite fill that overhead …
Wheat Market Trades Higher to Start the Week
SOYBEANS – Soybeans made another big swing lower today due to weather, after closing lower on Friday. Weather lately has been good for early development. Rains continue to show up in the 10-day forecast across the Plains and Midwest. Trade talks between the U.S. and China broke down. For the week ending May 22, soybean sales were 178k. Cumulative soybean …
5 Minutes on the Markets – 06/02/2025
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle did not close strong on Friday. The overall trend in both futures and cash markets is strong and still up, but these markets may be susceptible to a short-term sell off. Seasonally Cattle market typically trend …
Soybeans Fall to 1.5 Month Low to End the Week
SOYBEANS – Soybeans made a big swing lower today due to weather. Weather lately has been good for early development. The soybean oil market, at its 1 ½ month low, is also dragging soybeans down. The oil share is working lower, and as a result soybean oil is lower while soybean meal trends higher. Soybean meal has been beaten up …
5 Minutes on the Markets – 05/30/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Both Live and Feeder Cattle closed higher on Thursday, with Feeders leading the way. Feeders have been stuck in in a trading range for 10 days or so, if they can break out higher and fill the overhead gap, I think …
HRS Wheat at Support – With Crop Ratings Near the 40-Year Low
SOYBEANS – Soybeans recovered some today, after falling 14 cents on higher open interest yesterday and falling 5 cents in overnight trading. Yesterday’s open interest rose 8000 contracts showing that new short positions were opened. On the latest COT report, commercials were short -34k soybean contracts, which is their third highest short position of the year. While no official trade …
5 Minutes on the Markets – 5/29/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live and Feeder Cattle posted lower closes on Wednesday and appear as if they’re losing some bullish momentum. I don’t see a “bearish” turn yet, but I do think both of those can trade lower to test the 50-day moving averages. …
Corn Crop Ratings Crash to a 6-Year Low
SOYBEANS – Soybean planting is at 76% as of 5/25, up 10% over last week. Planting is well ahead of schedule with the 10-year average for this time of year being 63%. Of the 18 major states, just KY (-5%), MS (-7%), and OH (-10%) were all lagging their respective 5-year averages. The national crop was 50% emerged, ahead of …
5 Minutes on the Markets – 05/28/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle had a fairly muted response. They were sharply lower, at one point, yesterday due to unconfirmed rumors, but closed well off their lows. Lean hogs appear to have set a “tweezer” low, which may have set …
Soybean Oil Leading the Grains YTD, as June Approaches
SOYBEANS – The weather forecast for the upcoming week shows rains for the South, with the Plains and Midwest drier along with cooler temperatures. Soybean oil has been the highest performing commodity in the grains and the second-highest performing commodity overall year-to-date behind gold. Soybean oil is up +22% year-to-date, gold at 27%. Managed money reduced their position on the …