LIVESTOCK: June live cattle closed down $0.42 at 105.67 

today. Prices closed nearer the session high today. The 

cattle market bears have the overall near-term technical 

advantage. However, prices have been trending higher for 

four weeks, which hints that a market bottom is in place.

May feeder cattle closed down $1.30 at $138.87 today. 

Prices closed near mid-range today. The cattle marketbears 

have the overall near-term technical advantage. 

June lean hogs closed up $1.22 at $73.92 today. Prices 

closed nearer the session high on short covering. Thebears 

have the firm overall near-term technical advantage. 

GRAINS: July corn futures closed up 3 cents at $4.03 3/4 

today. Prices closed near mid-range and hit another nine-

month high today. The corn bulls have the firm overall 

near-term technical advantage and have momentum on their 

side to suggest more gains in the near term. Prices have 

seen a bullish upside “breakout” from the recent sideways

and choppy trading range. 

July soybeans closed up 3 cents at $10.51 1/2 a bushel 

today. Prices closed nearer the session high today. The 

bean bulls have the overall near-term technicaladvantage. 

July soybean meal closed up $11.10 at $404.90 today.Prices 

closed near the session high, hit a contract high and 

scored a bullish “outside day” up on the daily bar chart 

today. The meal bulls have the solid overall near-term 

technical advantage and gained more power today. 

July bean oil closed down 32 points 30.30 cents today. 

Prices closed nearer the session low today and hit a 

contract low. The bears have the solid overall near-term 

technical advantage. 

July SRW wheat closed up 12 cents at $5.22 1/4 today. 

Prices closed nearer the session high and hit another six-

week high today. The bulls have the firm overallnear-term 

technical advantage. 

July HRW wheat closed up 9 1/2 cents at $5.47 today.Prices 

closed nearer the session high and hit a seven-week high 

today. The bulls have the solid overall near-termtechnical 

advantage. 

SOFTS: July sugar closed down 1 point at 11.74 cents 

today. Prices closed nearer the session high. The sugar 

bears have the solid overall near-term technicaladvantage. 

Prices are in a four-month-old downtrend on the daily bar

chart. 

July coffee closed up 175 points at 124.55 cents today. 

Prices closed nearer the session high and hit a two-month

high today on more short covering. The coffee bears still

have the overall near-term technical advantage. However, 

the bulls have momentum to suggest a market bottom is in 

place. 

July cocoa closed up $75 at $2,900 a ton today. Prices 

closed near the session high and closed at a 1.5-yearhigh 

close. The cocoa bulls have the solid overall near-term 

technical advantage. 

July cotton closed up 77 points at 84.61 cents today. 

Prices closed nearer the session high today. The cotton 

bulls have the solid overall near-term technicaladvantage. 

July orange juice closed up 280 points at $1.5850 today. 

Prices closed near the session high today and hit anearly 

five-month high. Bulls have the firm overall near-term 

technical advantage, but the market is now short-term 

overbought and due for a corrective pullback very soon. 

July lumber futures closed up $9.70 at $571.80 today. 

Prices closed near the session high and hit another 

contract and all-time record high again today. The bulls 

have the strong overall near-term technical advantage. 

METALS: June gold futures closed down $12.10 at 

$1,307.10 today. Prices closed nearer the session low and

hit a 4.5-month low today. The gold bulls have lost their

slight overall near-term technical advantage. A closebelow 

major psychological support at $1,300.00 would open the 

door to a larger leg down in prices in the near term. 

July silver futures closed down $0.246 at $16.155 today. 

Prices closed nearer the session low today and hit a 4.5-

month low. The silver bears have the firm overallnear-term 

technical advantage. 

July N.Y. copper closed down 345 points at 303.95 cents 

today. Prices closed nearer the session low and hit a 

three-week low today. The copper bulls and bears are on a

level overall near-term technical playing field. 

ENERGIES: June Nymex crude oil closed down $0.89 at 

$67.69 today. Prices closed nearer the session low andsaw 

profit taking from recent gains. The bulls still have the

solid overall near-term technical advantage. 

June heating oil closed down 396 points at $2.1097 today.

Prices closed nearer the session low on profit takingafter 

hitting a nearly three-year high on Monday. The bullshave 

the solid overall near-term technical advantage. 

June (RBOB) unleaded gasoline closed down 382 points at 

$2.0926 today. Prices closed nearer the session low andsaw 

profit taking after hitting a contract high on Monday.The 

bulls still have the solid overall near-term technical 

advantage. 

June natural gas closed up 4.4 cents at $2.807 today. 

Prices closed nearer the session high today. Bulls and 

bears are on a level overall near-term technical playing 

field amid recent choppy trading. 

CURRENCIES: The June Euro currency 

closed down 68 points at 1.2055 today. Prices closednearer 

the session low today and hit a four-month low today. The

bears have the overall near-term technical advantage and 

have momentum on their side. Prices are in anaccelerating 

five-week-old downtrend on the daily bar chart. 

The June Japanese yen closed down 280 points at .91500 

today. Prices closed near mid-range and hit a three-month

low today. Bears have the overall near-term technical 

advantage. Prices are in a five-week-old downtrend on the

daily bar chart. 

The June Swiss franc closed down 37 points at 1.0095today. 

Prices closed near mid-range and hit a 15-month lowtoday. 

The Swissy bears have the solid overall near-termtechnical 

advantage. A 10-week-old downtrend is in place on thedaily 

bar chart. 

The June Canadian dollar closed down 9 points at .7785 

today. Prices closed near mid-range and hit a four-weeklow 

today. The bears have the overall near-term technical 

advantage. 

The June British pound closed down 126 points at 1.3650 

today. Prices closed nearer the session low and hit a3.5-

month low today. The bears have gained the overall near-

term technical advantage. 

The June U.S. dollar index closed up 0.485 at 92.120today. 

Prices closed nearer the session high and hit afour-month 

high today. The bulls have the firm overall near-term 

technical advantage. However, the market is nowshort-term 

overbought and due for a downside correction soon. 

June U.S. T-Bonds closed down 1/32 at 143 8/32 today. 

Prices closed near mid-range. The bond market bears have 

the solid overall near-term technical advantage. 

June U.S. T Notes closed down 5.0 (32nds) at 119.15.0 

today. Prices closed near mid-range. The bears still have

the solid overall near-term technical advantage. 

GENERAL STOCK MARKET COMMENT: U.S. stock indexes closed 

mixed today. Trading has turned choppy in the U.S.indexes. 

World stock markets were mostly firmer overnight. Two 

important meetings have the attention of the marketplace 

this week: The Federal Reserve’s Open Market Committee 

(FOMC) meeting begins Tuesday morning and ends Wednesday 

afternoon with a statement. Also, a U.S. high-level trade

delegation will travel to China later this week to try to

avert a trade war between the world’s two largest 

economies. President Trump late Monday decided to delayby 

one month implementing on the European Union proposed 

tariffs on aluminum and steel. Tariffs are in effect for 

Russia and China. On Friday is the U.S. employment report

from the Labor Department—arguably the most importantU.S. 

data point of the month. Nymex crude oil prices wereweaker 

today and trading just below $68.00 a barrel. The U.S.oil 

rig count hit a three-year high last week and the IEA on 

Monday reported that U.S. crude oil production topped 10 

million barrels a day in February—a record. These factors

will limit buying interest in oil this week.