I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. I like the weekly chart pattern for lean hogs presented below. We are working on...
The wheat complex continued losses into the Tuesday close. Chicago SRW futures were 9 to 11 1/4 cents lower across most contracts. KC HRW futures were 6 to 7 cents in the red at the close. MPLS spring...
Lean hog futures reversed higher from the Monday weakness, with Tuesday gains of 75 cents to $1 higher. USDA’s national base hog price was down $3.12 in the Tuesday afternoon report at $69.56. The CME...
Cotton futures fell on Tuesday, down 72 to 84 points across the front months at the close. Pressure came from the synthetic market, with crude oil futures are $1.65 lower per barrel at $55.17. The US dollar...
Live cattle futures were 15 to 35 cents higher at the Tuesday settlement. Cash trade has yet to get kicked off this week, as last week was mostly $230. Feeder cattle futures were up $2.50 to $3.40 to close...
Soybeans closed the Tuesday session with contracts down 9 to 10 cents. The market has now given back all of the Chinese buying rally, as futures filled the October chart gaps this morning. The cmdtyView...
Corn futures closed out the Tuesday session with most contracts 2 to 3 ¼ cents lower at the final bell. The CmdtyView national average Cash Corn price was down 3 1/4 cents to $3.92 3/4. There was some...
Will the uptrend continue or will holiday trade sink the market?
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down by -0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.62%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.26%. ...