The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, May 1, 2025 July Soybean Oil (Daily) Today, July Soybean Oil closed at 49.70, up 0.73 on the day. A few weeks ago I wrote about this market here if you’d like to revisit that article. Since then, Bean Oil has rallied …
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 …
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 …
Chart of the Day – March Corn
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, December 19, 2024 March Corn closed up 3 ½ cents today, at 4.40 ¾. Overflowing pressure from the rest of the Grain complex pushed prices lower on Tuesday and Wednesday, to my eye, as both Soybeans and Wheat have set new contract …
Chart of the day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 18, 2024 February Gold As of this writing, February Gold is currently trading at 2609.60, down 52.40 on the day. Most of the selling pressure came in as soon as the FOMC announced the ¼ rate cut at 1 PM CT. …
Chart of the Day – March Cocoa
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, December 13, 2024 March Cocoa Today, March Cocoa closed up 459 to 11280. Since the market made it’s last significant low, on Oct 25th, it has rallied an astounding 5349 pts., or 88.91%, from low to high. This rally has been spurred …
Chart of the Day – February Gold
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 11, 2024 February Gold The February Gold contract rallied sharply today, up 36.20 at 2754.60, as of this writing. This puts the market at prices we haven’t seen since Election Day. The market had started to roll lower a few days …
Chart of the Day – Live Cattle
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 10, 2024 February Live Cattle February Live Cattle settled 2.00 higher today, at 189.025, nearly matching the high close from last week. Monday’s trade activity posted a “Bullish Engulfment” on the candlestick charts, which is usually supportive, and traders pushed prices …
Chart of the Day – January Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 4, 2024 January Soybeans January Soybeans settled the day down 8 cents at 9.83 ¾. Uncertainty over “Trump Tariffs” and what they may, or may not, do to or for US Ag business has market participants on edge. The weather in …
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