These videos are typically posted about 8 AM every morning, before the markets open. Cattle markets losing momentum? Hogs sharply lower. Wheat futures turning higher. Crude complex higher but Nat Gas losing bullish momentum.
5 Minutes on the Markets – 03/13/2025
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 Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 14, 2025 May Wheat (Daily) May Wheat (Chicago) closed up 21 ½ cents on Friday, settling at 6.13 ¼, the highest close since October 17th of last year. Volume over the past 6 sessions has been high as traders roll from …
Chart of the Day – March Chicago Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 17, 2024 March Wheat March Wheat closed down 5 cents at 5.45, a new contract low close, today. It did not set a new intraday low however, that was on Dec 4th at 5.40 ¼. By looking at the chart above, …
Grain Spreads
Commentary: Wheat seems to be the one food grain that could see a near term supply squeeze in the days and weeks to come in my view. Chicago wheat continues to strengthen on corn as it recently dipped below $2.00 vs corn last week but found buyers as corn futures are in free fall due to lost ethanol demand. However, …
Grain Spreads
Commentary: Chicago Wheat vs Corn has pushed out to well over $2.00 making a near term high of $2.30 just a few days ago. Today the July/Chicago wheat settled at 2.14 over July corn ZCN. Tight ending stocks for wheat amid a less than certain outcome for the winter wheat crop is a big reason in my view. Corn on …
Grain Spreads
Commentary: I’m seeing some possibilities within the wheat sector for consideration. The ideas come on two future possibilities for consideration. First soft red winter wheat ratings released this afternoon show very good condition in the soft red winter states. Good to excellent condition ratings come in as follows per the USDA. Illinois at 62 percent, Indiana 67, Michigan 55, and …
Accuracy and Reliability
Recent published studies indicate that the USDA is getting more reliable and accurate with September production and supply/demand estimates when compared with the final figures…………..Just another reason that the USDA should be respected and the report on Wednesday approached with respect and caution……………….. When compared with the August figures over the last twenty years the final corn production figures were …
Tasks at Hand
The USDA will issue new production and supply/demand estimates next Wednesday at 11:00 am Chicago time…………………Trade estimates are being released and it appears that the expectation is for the bean crop to be larger than the previous USDA estimate in August while the corn crop could be very close to the August estimate…………….Carry over projections in both domestic and international …