October live cattle closed up $1.65 at $90.30 yesterday. Prices closed near the session high yesterday on fresh speculative buying. Bulls yesterday regained fresh upside near-term technical momentum. Yesterday’s boxed beef...
Read MoreOctober sugar closed down 40 points at 16.92 cents yesterday. Prices closed near the session low and scored a bearish “outside day” down on the daily bar chart. More profit-taking pressure was featured yesterday and...
Read MoreOctober live cattle closed down $0.40 at $89.82 yesterday. Prices closed near mid-range. The key “outside markets” were mostly bearish for cattle futures yesterday, crude oil prices were sharply lower and the U.S....
Read MoreNovember soybeans on Thursday closed lower and near mid-range. Some profit-taking pressure ahead of the long weekend was featured. The key “outside markets” were decidedly bearish for soybean futures Thursday, as the...
Read MoreAugust gold futures closed up $13.60 at $941.00 yesterday. Prices closed nearer the session high yesterday and were supported by solidly lower U.S. dollar. Trading has turned choppy again in gold. Prices are still in a...
Read MoreNOVEMBER SOYBEANS November soybeans on Friday closed weaker and near the session low. Prices are in a two week-old downtrend on the daily bar chart as the bulls have faded a bit and need to show fresh power soon. The next upside...
Read MoreAugust crude oil closed up $1.66 at $70.33 a barrel yesterday. Prices closed nearer the session high and were supported by some U.S. refinery problems and supply worries coming out of Africa. Bulls do have the near-term...
Read MoreAugust gold futures closed up $6.50 at $930.80 yesterday. Prices closed nearer the session low after scoring solid gains early on. The late rebound in the value of the U.S. dollar yesterday pushed gold down from its earlier...
Read MoreOctober sugar closed up 74 points at 16.98 cents yesterday. Prices closed near the session high yesterday and hit a fresh contract high. Panic short covering and fresh speculative buying was featured. The key “outside...
Read MoreOVERNIGHT/EARLY MORNING DEVELOPMENTS There is no standout market feature in overnight/early morning trading today. JIM’S MARKET THOUGHT OF THE DAY * Many commodity markets were pushed lower onMonday as crude oil sold off...
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