I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle markets were hit with a large wave of selling and profit taking pressure yesterday. My take is that it was spurred by end of the month profit taking, at the end of a HUGE move up in prices. Fundamentals have …
Grain Markets Were Quiet on Thursday, As Trade Talks Continue
Soybeans– Trade deal talks are still ongoing with many key countries as deadlines are approaching. A deal was recently made with South Korea, while Canada faces 25% tariff on its exports to the U.S. if they fail to come to an agreement by tomorrow. Earlier today, the White House announced Mexico would have an extra 90 days to negotiate a …
5 Minutes on the Markets – 07/31/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! (this one is a little longer that I’d prefer, but apparently I had a bit more to say today. Regular viewers will know that I haven’t hit the 5 minute mark yet!) Live Cattle led the way higher yesterday running to …
Chicago Wheat Continues to Trade Lower
Soybeans– Rain is moving through Iowa and Nebraska today, with rains expected to continue over the eastern corn belt. Below-average temperatures are expected for the weekend with temperatures increasing again in the week 2 forecast. China trade deal discussions were reported as constructive. Chinese Vice Commerce Minister Li Chenggang said both countries “agreed to push for the continued extension,” which …
5 Minutes on the Markets – 07/30/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! New Contract highs and Contract highs closes in both the Live and Feed Cattle futures on Tuesday. I understand that these are very lofty levels for Cattle and Beef prices, but I see no sign of bearish activity, currently, and expect …
Soybean Oil Closes Up 75 cents, 20 cents from the 3-Month High
Soybeans– Growing conditions have been favorable, overall, for soybeans. Soybean ratings for this week improved by 2 points to 70% good/excellent. Soybeans now have the best conditions for this week of the year since 2020. Last year at this time, soybean ratings were 67% good/excellent. China and U.S. trade discussions continued today in Sweden. China has yet purchased any soybeans …
5 Minutes on the Markets – 07/29/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! New contract highs and new contract high closes in Live Cattle and Feeder Cattle, following Friday’s trifecta of bullish USDA data. Live Cattle did post a near Doji (price equilibrium day) which offers a little caution to the bulls, but the …
Trade Deals Fail to Bring Bullish Momentum to the Grains
Soybeans– Soybeans were not able to rally despite trade deal developments. Argentina announced the export tax for soybeans will drop from 33% to 26%. For soybean products, the export tax will be reduced from 31% to 24.5%. Argentina has stated that these export tax reductions are permanent. The export tax reduction and the current weather pattern have weighed negatively on …
5 Minutes on the Markets – 7/28/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Live Cattle and Feeder Cattle futures rallied into the close on Friday. After the close, the USDA released the July Cattle on Feed Report and the July Inventory report. Cattle on Feed shows a decline of 2% on the overall herd, …
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. …