Contract High close in Feeders, Live Cattle staying strong. Grains up a little overnight, Beans erase yesterday’s losses, Wheat markets turning up? Gold, Silver and Copper charts indicate uptrends.
Chart of the Day – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Monday, March 10, 2025 May Soybeans (Daily) The May Soybean contract closed down 11 cents on Monday, at 10.14. Today’s bar can be considered a “Bearish Engulfment” and is typically a sign of further weakness to come. Overall, the trend appears to be …
Chart of the Day – November Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, February 26, 2025 November Soybeans (Daily) Today, November Soybeans closed at 10.45 ½, down 5 ½ cents. This is the weakest close for new crop Beans since Feb 13th. However, you may notice that the 50-and 100-day moving averages (green, grey. 10.33 …
Chart of the Day – May Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 18, 2025 May Soybeans (Daily) Today, May Soybeans settled at 10.48 ¼, down 7 ¼ cents. Volume was high at just over 111,000 contracts traded, setting a new volume high for May futures. The close pushed prices back below the 5- …
Chart of the Day – November Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, February 12, 2025 November Soybeans (Daily) November Soybeans closed down 11 ½ cents on Monday, settling at 10.44. Last week prices tested the 200-day moving average (purple line, roughly 10.72 last week, 10.69 today) and have since pulled back some. The 5- …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, February 4, 2025 March Soybeans (Daily) Today, March Soybeans closed at 10.75, up 16 ¾. That’s the best close since October 3rd. The threat of tariffs have caused a bit of whiplash over the past few days, causing a 16 ½ cents …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, January 29, 2025 March Soybeans (Daily) March Beans closed up 15 ½ cents on Wednesday, settling at 10.60 ½. Volume of almost 120,000 was decent, but today was also one of the lowest volume days of the month, so far. You can …
Mind the gap in soybean meal
March soybean meal gapped lower Thursday, January 23, on news that Argentina lowered export taxes starting Monday, January 27, and continuing through June. With two crops per year, Argentina’s soybean harvest period can begin as early as late February and extend into June. Above: Daily March 2025 Soybean chart, courtesy of CQG Above: Daily March 2025 Soybean Meal chart, courtesy …
Chart of the Day – March Soybeans
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, January 21, 2025 March Soybeans March Beans started the 1st session of a new presidency by rallying some 33 ¼ cents to close at 10.67 ¼. From what I’ve been able to glean from the news articles coming across my screens today, …