Oct-Dec Live Cattle Spread
As I was thumbing through my charts early Thursday morning, the one that jumped out at me was the daily close-only for the October-December live cattle futures spread. There's a [...]
As I was thumbing through my charts early Thursday morning, the one that jumped out at me was the daily close-only for the October-December live cattle futures spread. There's a [...]
As mentioned in Wednesday’s Afternoon Commentary, a look at the Fed fund futures forward curve shows the market is pricing in three rate cuts by the US Federal Open Market [...]
Going through market headlines Monday afternoon and one jumped out at me: Dow Jones Industrial Average Hits New All-Time High Of course, the old-time radio station in my mind quickly [...]
The Dec24-Dec25 corn futures spread remains in an uptrend on its daily close-only chart. Last Friday saw the spread finish at a carry of 35.25 cents, one tick below the [...]
As discussed in Monthly Analysis, traders looking to establish long-term long futures positions on the December corn continuous monthly chart will be keeping an eye on the Dec25 issue Thursday. [...]
As I was diving back into the markets ahead of writing Morning Commentary, I took a look at the daily close-only charts for December corn, November soybeans, and December Chicago [...]
While I be spending a good deal of time with weekly charts this weekend, I want to take a couple minutes to discuss November soybeans daily chart. There was a [...]
As mentioned in Wednesday's Afternoon Commentary, a look at the Fed fund futures forward curve shows the market is pricing in three rate cuts by the US Federal Open Market [...]
Though this holiday-shortened week is only half over, a number of Grain contracts have posted new 4-week highs. The latest is the December Minneapolis (HRS) wheat issue as it cleared [...]
Tuesday was an interesting day for Dec24 corn as it quickly followed through on last week's bullish key reversal, a pattern that confirmed the contract had moved to a new [...]
Over the last couple years, I've split time looking at the National Soybean Index (NSI, national average cash price) monthly close-only and standard monthly bar chart while tracking long-term patterns [...]
The October lean hog futures contract extended its secondary (intermediate-term) uptrend to a high of $82.475 during Tuesday's rally before closing at $82.075, up $1.675 for the day. Wave 3 [...]
As mentioned in Afternoon Commentary, Nov24 extended its recent pattern of higher high daily closes and higher low daily close. As I said, this is the classic definition of an [...]
As I talked about in Thursday's Afternoon Commentary, all eyes would be on the National Soybean Index after the lightly traded September issue closed 21.75 cents lower while November finished [...]
One thing that stood out to me at Wednesday's close was the December 2024 corn contract had gained 3.25 cents on December 2025. This put the spread at a carry [...]
As mentioned in Wednesday's Morning Commentary, December Chicago (SRW) wheat continues to roll along in a short-term sideways trend on its daily chart. This is unusual for wheat, meaning we [...]
As mentioned in Tuesday's Afternoon Commentary, commercial buying continued to trim the carry in the Dec-March cotton futures spread. Today's close was at 1.34 cent, interestingly enough equaling the previous [...]
While I mentioned the latest CFTC Commitments of Traders report (legacy, futures only) numbers for Cotton in this past weekend's Weekly Analysis, I want to put a brighter spotlight on [...]
Though it seems an eternity ago, it was only back as far as August 2 when I last talked about the Dec24-March25 corn futures spread. At the time the spread [...]
As I mentioned in Thursday's Morning Commentary, December Chicago wheat looks to have moved into a secondary (intermediate-term) uptrend on its weekly chart after completing a bullish spike reversal the [...]
Looking ahead to this coming Friday's CFTC Commitments of Traders report (legacy, futures only), we could see a new record short futures position in the soybean market. Recall these reports [...]
Taking a similar tack to Monday, Tuesday's Chart of the Day looks at the daily close-only chart for the Nov24-Nov25 soybean futures spread. Why? A couple reasons: Investment traders short [...]
When all was said and done Monday, Dec24 gained 1.25 cents on the Dec25 futures contract. This trimmed the carry in the spread from last Friday's close of 45.5 cents [...]
The last time I looked at Dec25 corn as the Chart of the Day, July 26, the contract had not yet completed a clear bullish reversal pattern on its weekly [...]
As I was digging through my plethora of charts Wednesday morning, this September feeder cattle weekly stood out to me. You like recall Monday's meltdown out in the Barn, including [...]