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Chicago Board of Trade
Joined April 2026
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Looking at 60-minute chart for corn. Close under $5.25 area seems like it would tip the market over. Ultimately bullish fundamentals in place but hard to fan the flames everyday.
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Anyone having fun in the cattle markets today?
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The corn market is adjusting to a tighter supply scenario. Maybe the euphoria sparked by the Crop Tour dies down but the grain markets have turned into a "buy the dip" situation, rather than a "sell every rally".
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Replying to @OliverSloup
I hope you don't drive too far from a restroom after eating that.
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We're hearing plenty about (disappointing) crops this week. What about the markets? The Crop Tour is making the grain markets move. I made a video about all the price action.... youtube.com/watch?v=zZ6GvGqO…
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Replying to @bill_baruch
Where'd you get the hat?
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Corn, beans, wheat all teetering. Hard to rally in the summer with above normal precip in the forecast. I like beans the best for long term upside with a super El Nino likely to threaten Brazilian production. I also don't think sellers get too aggressive ahead of Trump/Xi meeting
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Far from a victory, but maybe it's the start of something
We'll find out soon if my trendline means anything around $224.50 for August Live Cattle
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We'll find out soon if my trendline means anything around $224.50 for August Live Cattle
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Give it to me corn
Dec corn probably maintains a downtrend unless weather or USDA change things. Still some room to pop within the downtrend back to $4.70 area.
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Wheat markets in trouble if they break the neck line...Seasonals pointing down from here. Past performance of course not indicative of future results!
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I'm looking at out of money calls and puts in soybeans...market could go visit either one of those trendlines and I'm not sure which one.
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Dec corn probably maintains a downtrend unless weather or USDA change things. Still some room to pop within the downtrend back to $4.70 area.
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Dec corn won't spend much time below $4.50
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Minding the gap on the corn continuation chart between $4.05 and $4.09.
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Screwworm is back in the US after 60 years - is a real Market Shift in the works or is it just a viral headline? @OJRenick shared Blue Line's take➡️➡️➡️
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If corn can separate from wheat, we probably get a 10-20 cent recovery. Didn't have July corn challenging contract lows on my bingo card.
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Key upside reversal for July Hogs. Is it another selling opportunity within the downtrend? Seasonals suggest hogs could finally get going here. Past performance is not indicative of future results!
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