Soybeans– Soybeans closed higher today, while soybean oil moved slightly lower following two limit up moves in a row. Soybean conditions fell to 66% good/excellent, down 2% over last week. Last year at this time, the good/excellent rating for soybeans was 70%. Planting is at 93% complete, ahead of the five-year average at 84%. The 8–14-day forecast shows above normal …
5 Minutes on the Markets – 06/17/25
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 …
Chart of the Day – September Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Thursday, June 12, 2025 Every morning, at about 8 AM CST, I post a short video highlighting where I see opportunities in the futures markets. You can view my most recent video here September Wheat (Daily) Today, September Wheat (Chicago) closed at 5.41 …
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 …