Looking at the daily chart, it also seems that the pair may have completed a higher degree wedge pattern, and we are now in a bearish phase that could resume to the downside after this current rebound....
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Oil is not the only commodity affected by the blockade of the Strait of Hormuz...
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Live cattle futures were 7 to 65 cents higher on Tuesday, with June down a nickel on Tuesday. Cash trade from last week settled in at $235-236 sales in the North and $235 in the South. It has yet to get...
The wheat complex was higher across the three markets on Tuesday. Chicago SRW futures were up 2 to 3 cents to close out the day. KC HRW futures were fractionally to 2 ¾ cents higher on the session. MPLS...
Corn futures saw gains of 2 to 3 cents in most contracts on Tuesday, with some deferred contracts steady to fractionally higher. The CmdtyView national average Cash Corn price was up 3 cents to $4.24....
Soybeans were pressured into the Tuesday close, with contracts down 2 3/4 to 8 ½ cents across the board. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.78 1/2. Soymeal futures...
Cotton futures were 15 to 46 points higher on Tuesday. The US dollar index was $0.310 higher at $99.035. Crude oil finished the day with late pressure to close up just 26 cents, as reports surfaced of...
Tomorrow We Could See Stock Markets and Cattle Markets Higher and Crude Oil, Soybeans and Wheat Lower