I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle futures traded a little lower on Tuesday, with the daily ranges staying inside Monday’s range. Feeders posted higher highs and higher lows, compared to Monday, maintaining the bullish momentum from the Cattle on Feed data. Lean Hogs rallied to …
WRT World Agricultural Supply and Demand September 21
SOYBEANS SOYBEANS ’23/’24 Est USDA ’24/’25 Est ’25/’26 Proj September Million Acres Area Planted 83.6 87.1 81.1 Area Harvested 82.3 86.1 80.3 Bushels Yield per Harvested Acre 50.6 50.7 53.5 Million Bushels Beginning Stock 264 342 330 Production 4,162 4,366 4,301 Imports 21 27 20 Supply, Total 4,447 4,736 4,651 Crushings 2,285 2,430 2,555 Exports 1,700 …
5 Minutes on the Markets – 09/12/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle both closed higher on Thursday, posting higher highs and higher lows relative to Wednesday. 5-day moving average resistance is just above both those markets, and if the break higher today, that may put the bulls back …
5 Minutes on the Markets – 7/25/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live and Feeder Cattle markets saw a bit of bearish profit taking yesterday, ahead of today Cattle on Feed, Cold Storage and Inventory reports. Fundamentals (supply/demand) remain bullish and I would be very surprised to see the reports reflect something bearish. …
5 Minutes on the Markets – 07/01/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live and Feeder Cattel both posted higher closes on Monday, Feeders seemed to lead the way higher. Support seems to have held, for the moment, and I would expect the uptrend in prices to continue. Lean Hogs were lower on Monday, …
5 Minutes on the Markets – 05/01/25
This is posted every morning at about 8 AM, before the markets open. Livestock markets traded lower yesterday. Cattle markets may be signaling a bearish retracement on the horizon. New contract lows posted in both Chicago and KC Wheat, as recent rains help to ease drought conditions. Export Sales today were not great, mostly to the low end of expectations, …
5 Minutes on the Markets – 04/23/25
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 – 04/04/2025
This is posted every morning at about 8 AM, before the markets open. Most markets reacting negatively to tariff happiness. Cattle markets still in uptrend, haven’t been affected as much as other markets yet. Grains weaker as China announces another 34% hike on US imports. Cotton has expanded limits today. T-Bonds are sharply higher, Stock Indexes lower, Gold weak, Silver …
Chart of the Day – March Cotton
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, November 25, 2024 March Cotton March Cotton closed the day at 71.72, up 0.95, on Monday. That strings together 6 consecutive days of gains which this market hasn’t been able to do since February of this year! A week ago, Tuesday, saw …
Softs Commentary: Cotton
Commentary: COTTON The cotton market has broken much of late. The fundamental picture had legs prior to the corona. The market today may have found support below the 49 cent level basis May. The USDA acreage could prove overstated. In addition China coming back on line may be a positive. New retail and clothing sales may be a bit off. However, …