I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Most markets we trade will be closed Monday for the Labor day holiday. Enjoy the 3 day weekend. Trade today, ahead of the holiday, could see lighter trading volume and potentially, more price volatility as a result of that. Live and …
The Grains Close Higher on Thursday
Soybeans– Soybeans had another quiet day. It seems like traders may be preparing for the holiday. China is starting weekly soybean auctions from their reserves to supply crushers, will increase the demand for new imports. South America has been the primary supplier for China, but that could change if trade deal gets done. US export prices are still competitive. LSEG …
December Corn Closes at 406 on Wednesday
Soybeans– Soybeans were quite again today after trading 2 1/4 cents higher in the overnight session. Lower temperatures are expected to continue over the next 2 weeks in the Midwest. The eastern part of the Midwest will be dry for the next week. China trade negotiators will head to DC for a meeting this week. Soybeans are trading above the …
5 Minutes on the Markets – 08/27/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! New contract highs and closes in both Feeder and Live Cattle on Tuesday. Feeders did leave a gap on the charts, leaving Monday’s highs as a downside target. Lean Hogs rallied, as well, making a bullish breakout and closing at about …
More Sideways Trading for the Grains on Tuesday
Soybeans– Soybean conditions are 69% good/excellent, up 1 point above last week. Last year at this time, soybean ratings were 67%. New crop exports are still extremely weak. The PNW ports that ship soybeans to China are still not doing any business. The Midwest will continue to be dry and cooler if the forecast holds. Rains are expected in parts …
5 Minutes on the Markets – 08/26/25
Live and Feeder Cattle futures closed lower on Monday, but at/near the top of their respective daily ranges. That appears to be a bullish close to my eye. October Lean Hogs closed right under trendline and the 50-day moving average resistance levels, short-term moving averages flipped to the bullish side and that points toward higher prices. Corn and Soybeans traded …
November Soybeans trade 10 3/4 cents lower on Monday
Soybeans– Soybeans made a high at 1061 and settled lower at 1047 in the November contract. The funds got rid of their net short position. Soybeans have seen recent support from soybean oil, which rallied after the EPA announcement on Friday. Larger refiners are expected to pick up more production from smaller refiners, which the market views as bullish. South …
5 Minutes on the Markets – 08/25/25
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 at new contract highs on Friday. After the close, Cattle on Feed data came out, with the total number on feed dropping 2% from last year’s total, Placements down 6% and Marketings down 6%. On …
Corn & Soybeans Were Steady on Friday, Wheat Continues Lower
Soybeans– The Pro Farmer crop tour has now ended. In Minnesota, 20 soybean samples were taken, with an average of 1128 per 3×3 square. The highest bean counts seen in samples taken were 1578 and the lowest was 332. Minnesota’s figures this year are 6 percent higher than last year, with minimal disease spotted. Iowa beans had an average pod …
Corn and Soybeans Rally on Thursday, Short Covering in Chicago Wheat
Soybeans– It was a solid day for November soybeans, closing up 19 cents. Exports sales were strong this morning. Soybean oil finished up +2.32, while soybean meal closed -3.40 lower. Illinois and Western Iowa showed particularly favorable yields, with Illinois seeing the highest pod count on record. The next 2 weeks are expected to be cooler in the Midwest. China’s …