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US Grain Exports Face Downward Revisions as Prices and Competition Shift

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts...

Cattle Markets Break Down

Futures weaken, end week on sour note

Weakening El Niño, natural gas, and grain price action

Jim's video explains why grain and natural gas prices have recently collapsed again

NGN24 : 2.587s (+0.58%)
TGN24 : 34.223s (-3.20%)
UNG : 17.59 (+0.17%)
BOIL : 16.21 (+0.56%)
KOLD : 53.62 (-0.54%)
ZSU24 : 1184-4s (-0.40%)
SOYB : 25.27 (-0.08%)
ZCU24 : 454-0s (-0.82%)
CORN : 19.90 (-0.90%)
ZWU24 : 699-4s (-0.43%)
KEN24 : 708-6s (-0.11%)
WEAT : 6.32 (+0.16%)
Cattle & Hogs Flip On A key Fibonacci Retracement, Grains/Livestock Overview

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

HEQ24 : 96.500s (+0.26%)
LEQ24 : 178.450s (-0.74%)
Soybeans Slip into the Close

Soybeans posted 4 to 6 cent losses across most contracts on Friday, as July was up 42 cents on the month. Soymeal saw mixed action with July up $1.10/ton and August down 60 ents. Soy Oil was down 20 points...

ZMN24 : 364.7s (+0.30%)
ZLN24 : 45.52s (-0.44%)
ZSN24 : 1205-0s (-0.39%)
ZSPAUS.CM : 11.4254 (-0.66%)
ZSQ24 : 1203-4s (-0.37%)
ZSX24 : 1184-4s (-0.46%)
ZSPX24US.CM : 11.2101 (-0.60%)
Hogs End the Month With Gains

Lean hogs posted Friday gains, with contracts up 17 to 37 cents in the front months to round out the month. The June contract was down $8.12 since April 30. USDA’s National Average Base Hog negotiated...

HEM24 : 94.350s (+0.40%)
HEN24 : 97.125s (+0.18%)
HEQ24 : 96.500s (+0.26%)
Wheat Close Out Month on Mixed Note

The wheat market closed with mixed action on Friday. Contracts in Chicago were steady to 3 cents lower on the day, with July up 75 cents on the month. Kansas City futures were fractionally lower in the...

ZWN24 : 678-4s (-0.37%)
ZWU24 : 699-4s (-0.43%)
KEN24 : 708-6s (-0.11%)
KEU24 : 723-2s (-0.03%)
MWN24 : 739-6s (-0.30%)
Cattle Fall into Month-End

Live cattle were down $1 to $1.50 on Friday, the end of the month provided some selling opportunities. June was up $6.57 during May. Cash action this week saw the North reported at $190, down $2 on the...

LEM24 : 181.550s (-0.55%)
LEQ24 : 178.450s (-0.74%)
LEV24 : 180.800s (-0.73%)
GFQ24 : 256.400s (-1.03%)
GFU24 : 258.125s (-0.98%)
GFV24 : 258.975s (-0.95%)
Cotton Slip into Close Following Weak Shipment Data

Cotton prices closed 150 to 161 points in the red to round out the week and the month, after shipment data was soft in this morning’s Export Sales report. Outside factors are showing crude oil down 74...

CTN24 : 76.15s (-2.07%)
CTV24 : 76.58s (-1.83%)
CTZ24 : 75.11s (-1.83%)
Corn Falls to May’s Monthly Close

Corn futures closed out the Friday session with contracts 2 to 6 cents lower. July was down just ½ cent over the entire month, as December was down 2 ½ cents. USDA’s Export Sales report showed 810,148...

ZCN24 : 446-2s (-0.56%)
ZCPAUS.CM : 4.2709 (-0.59%)
ZCU24 : 454-0s (-0.82%)
ZCZ24 : 467-0s (-0.85%)
ZCPZ24US.CM : 4.3794 (-0.89%)

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Great chart to sum up Cathie Wood's Ark Invest over the last 2 years 😂 https://t.co/BUlFq8mIQj
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The Equal Weighted S&P 500 is underperforming the S&P 500 by the largest margin since the Global Financial Crisis https://t.co/w3oekLeJ0k
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Salesforce $CRM is the most oversold stock in the S&P 500 https://t.co/UuFnR1TXXn
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Shareholder files lawsuit against Tesla CEO Elon Musk, claiming that he sold $7.5 billion worth of $TSLA shares while having insider knowledge of a production miss https://t.co/3FNnQxvkci
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BREAKING 🚨: France S&P downgraded France's credit rating for the first time in more than a decade due to its rising budget deficit https://t.co/7IPkLBDRU8 https://t.co/k4vszS9j4v
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Occidental Petroleum $OXY recaptures its 200D moving average! Warren Buffett celebrating tonight 🥳 https://t.co/0712wxWm3S
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JUST IN 🚨: President Joe Biden vetoed a crypto bill that would have allowed highly regulated companies to custody Bitcoin $BTC and Crypto https://t.co/etvVjOUOnc https://t.co/RlHYpYOGKC
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Sell in May and go away? Forget about it. S&P 500 $SPX has traded green 77.8% of the time between April 30-October 31 during Presidential Election years, with data going back all the way to 1950. https://t.co/Guk8RpKDAL

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Chart of the Day

Benchmark Electronics (BHE)

The Chart of the Day belongs to the electronics manufacturer Bench Mark Electronics (BHE) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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Major Market Indices

Symbol Last %Chg
$SPX 5,277.51 +0.80%
S&P 500 Index
$NASX 16,735.02 -0.01%
Nasdaq Composite
$DOWI 38,686.32 +1.51%
Dow Jones Industrials Average
$ONE 2,521.65 +0.65%
S&P 100 Index

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