5 Minutes on the Markets – 05/05/25

Jeff FosseGeneral Commentary 1 Comment

This is posted every morning at about 8 AM, before the markets open. Livestock markets finished the week strong, cash trade remains at high levels with both Boxed beef Index and Feeder Index posting record highs on Friday. Grains started the week under pressure, with Soymeal the lone gainer overnight. Wheat futures led the way on Friday, as traders attempted …

Chart of the Day – January Soybeans

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, November 21, 2024 January Soybeans When I wrote about Soybeans last week, I was still very much in the bullish camp.  I don’t think I’m bullish anymore.  Today’s close of 9.77 ¾ is the lowest close since August 16th.  That day was …

PER-THANKSGIVING Chart Outlook

Alan PalmerCurrencies, Energy, General Commentary, Grains, Livestock

Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs?  My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …

CORN, spread, CATTLE spanking Fri look

Alan PalmerGeneral Commentary

Just levels tonight.  Beans held, holding orange line support, this level held two years ago bean producers.  I think we trade bumper crop up here in Chicago.  It’s great everywhere.  I was always a pit bull until I came to my senses. Levels good for next week, watch them but do not trade off them unless you know what they …