Current soybeans futures prices are consolidating near $12.20, with technical charts showing resistance at the $12.40 level and support at $12. The deals infuriated U.S. farmers shut out of China as Bessent said Washington was negotiating to support Milei, a Trump ally, financially with a $20 billion swap line for Argentina. Cattle futures market bulls are fading… The live and feeder cattle futures markets Thursday saw more profit-taking pressure and weak long liquidation from the shorter-term traders. Big drops in boxed beef prices also pressured futures. More active cash cattle trading was reported by USDA at midday Thursday. Steers were averaging $230.08 and heifers $230.47. That’s down from last week’s USDA reported cash cattle trading average of $232.65. The live and feeder cattle futures bulls have also faded, technically, recently to suggest major market tops are in place. There are very strong chart resistance levels that lie above present prices. Market participants are watching USDA export sales data closely, which may provide fresh directional cues for traders this week.
