I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle markets shook off Friday’s bearish close and rallied on Monday. The trend is still up, traders waiting to see if cash market strength continues. Boxed Beef jumped another $4.23 to 382.11, seeming to show that higher prices are still ahead …
Soybean Oil Limit Up Again on Monday Using Expanded Limits
Soybeans– Soybean oil was limit up again today off the EPA’s announcement of higher RVOs for bio-mass based biodiesel. The EPA raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Soybean oil was limit up on Friday as well. Temperatures are expected to rise over the next …
5 Minutes on the Markets – 06/16/25
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 dropped aggressively on Friday. Live Cattle filled in a price gap, but Feeders still need to get a little over 2.000 lower to fill in the gap from June 4th. Lean Hogs closed strong last …
Soybean Oil Limit Up, Soybeans Soar on Friday
Soybeans– Soybean oil was limit up today. The big move in soybean oil was because of the EPA’s announcement of higher RVOs for bio-mass based biodiesel, raising the blending rate from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026 and 5.86 billion gallons in 2027. Biofuel groups and others in the industry had been awaiting this announcement …
5 Minutes on the Markets – 06/13/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! **this one’s a bit longer than 5 minutes, I do try to keep these a short as I can, but there’s a lot to talk about today** Live Cattle futures closed lower and seem to be losing some bullish momentum. Feeders …
USDA Lowers Old and New Crop U.S. Corn Ending Stocks
Soybeans– The June WASDE report came out this morning. Soybeans closed lower despite the friendly report. New crop ending stocks were unchanged at 295 mb, in-line with analyst estimates. Old crop ending stocks were estimated at 350 mb, unchanged from last month. The trade expectation for old crop soybeans was 353m. No changes were made for Brazil and Argentina’s old …
5 Minutes on the Markets – 06/12/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Cattle market remain at elevated levels, but seem to be struggling with overhead resistance. Perhaps traders are waiting for confirmation that cash sales will jump higher again this week. Lean Hogs posted another new contract high close. Grains and Soy are …
How Will the June WASDE Affect the Grains?
Soybeans– The U.S. made an made a trade deal agreement with China, following the meetings in London this week. The U.S. will have a 55% tariff on China, while China will keep a 10% tariff on the U.S. Progress has also been made on trade agreements with India and Canada. Soybeans did not have a strong reaction to the news …
5 Minutes on the Markets – 06/11/25
I post these videos every trading day, shortly after 8 AM CT. Check back here tomorrow for another update! Feeder Cattle and Lean Hogs continue to post new contract highs. Live Cattle backed off a little yesterday, but Boxed Beef prices jumped aggressively on Tuesday afternoon, which should add more bullish fuel to the fire. Both Feeders and Fats are …
Corn Leads the Way Higher on Tuesday
Soybeans– As of Monday, planting progress is at 90% complete, up 6% over last week. The 10-year average for this time of year is 84%. Crop conditions were rate 68% good/excellent up 1% over last week. The 10-year average for soybean conditions at this time of year is 69%. The best conditions for this time of year came in 2018 …