10/28/2025
Strategy Idea...Buy January Corn Puts
Corn futures were rejected at technical resistance. *ALL RIGHTS RESERVED! REDISTRIBUTION OF THIS PUBLICATION IS STRICTLY PROHIBITED.
Recommendations
10/27/2025
Strategy Idea...Buy June 10-year note calls.
It wasn't that long ago that the masses were focused on US debt, a collapse in confidence of the US dollar, and a potential day of reckoning in the bond market. Yet when rhetoric was most bearish, buyers stepped in to take advantage of attractive yields relative to those of the last two decades. Treasuries are breaking out.
10/15/2025
Strategy Idea...Flyers in Nat Gas
Natural Gas is at Critical Support
10/02/2025
Strategy Idea...Gold Risk Reversals to Hedge or Spec
Strategy Idea...Gold Risk Reversals to Hedge or Spec
09/30/2025
Strategy Idea...Re-own December Corn
December corn has retraced enough to test its breakout trendline. There is also statistical support here, courtesy of the lower Bollinger Band. In theory, prices should stay within these bands about 96% of the time. Lastly, seasonality is supportive for corn going forward. Thus, we like the idea of getting back in on the long side of futures with the comfort of a long put to insure against runaway losses. *ALL RIGHTS RESERVED! REDISTRIBUTION OF THIS PUBLICATION IS STRICTLY PROHIBITED.
09/15/2025
Strategy Idea...Bear put spreads with short calls in coffee.
Coffee futures are facing technical and seasonal headwinds.
Newsletters
10/24/2025
The DeCarley Perspective...Silver is not an investment; it is a speculative identity crisis.
Renewable or readily available commodities such as corn, wheat, coffee, and crude oil are perpetually trapped within a cycle of oversupply followed by undersupply. Precious metals, on the other hand, are expected to appreciate over time. Silver is not an investment; it is a speculative identity crisis.
10/17/2025
The DeCarley Perspective...There are a lot of eggs going into the same basket because it is working.
Traders and investors have embraced the “the trend is your friend” mantra in 2025, and it has worked for those who have plugged their noses and jumped into the crowded pool. In other words, risk-takers who jump on momentum assets, regardless of fundamentals, have been rewarded, while traditionally diversified portfolios have been left behind. There are a lot of eggs going into the same basket because it is working.
10/10/2025
The DeCarley Perspective...The Timing of the Occidental Petroleum and Berkshire Hathaway Deal wasn’t Random.
Commodity producers have been put into a vice; their input costs have soared while most commodity prices have been under significant price pressure due to oversupply and slack demand. The Timing of the Occidental Petroleum and Berkshire Hathaway Deal wasn’t Random.
10/01/2025
The DeCarley Perspective...Gold is golding, again.
I have no doubt I’ll be talking about 2025 for years to come in a similar way I referred to the global financial crisis and the pandemic markets. I’ve made some mistakes in analysis and strategy, based on the expectation that markets would behave similarly to previous cycles, but this time has been different. While I believe the outcome will eventually conform to historical norms, the size and scope of volatility have been eye-opening. Gold is golding, again.
09/26/2025
The DeCarley Perspective...Should the government get into the cattle business?
I’ll be the first to admit that I know nothing about the inner operational workings of agricultural production. Still, I do know that farming and ranching aren’t businesses for the faint of heart. Should the government get into the cattle business?
09/18/2025
Zaner's trade desk will be covering DeCarley phones tomorrow.
Due to circumstances beyond our control (rescheduled flights at the discretion of the airline), we will not be in the office tomorrow.
Futures Chart Analysis
DX ~ Monthly
EHG ~ Weekly
Bloomberg Commodity Index ~ Monthly
Feeder Cattle
DeCarley Press
10/09/2025
Occidental (OXY) Sells OxyChem as Crude Oil Continues to Fall
We don't think the timing of Occidental Petroleum's sale of OxyChem to Berkshire Hathaway was random. We talked about this on the Schwab Network's Trading360 yesterday with Marley Kayden. We don't think the timing of Occidental Petroleum's sale of OxyChem to Berkshire Hathaway was random. We talked about this on the Schwab Network's Trading360 yesterday with Marley Kayden.
10/09/2025
Carley Garner joined Trading360 on Schwab to discuss the Occidental Petroleum deal with Berkshire Hathway
Occidental Sells OxyChem as Crude Oil Slumps
10/08/2025
Scott Shellady and Carley spoke about gold on Cow Guy Close today.
In 2020, investors chose Treasury bonds as their risk-off asset of choice. They couldn't get enough Treasuries, which were yielding less than a percent, in their portfolios. Mass accumulation of Treasuries to hedge economic and political uncertainty was the most popular narrative and trade. However, five years later, it proved to be the worst trade imaginable. In fact, although they intended to hedge risk, they were actually running into a burning house. We suspect the 2025 gold rally will eventually suffer the same fate. Here are the major takeaways, with a link to the video below -
09/08/2025
What is next for ags with the WASDE on tap?
CLICK HERE TO VIEW THE VIDEO CLIP
08/08/2025
Gold tariffs trigger overnight rally
Gold tariffs and a failed rally. We've seen this movie before (copper). Scott Shellady - The Cow Guy and I discussed this today on the show. Gold tariffs and a failed rally. We've seen this movie before (copper). Scott Shellady - The Cow Guy and I discussed this today on the show.
Live Economic News/Data
10/29/2025
Nvidia shares pop 3% in premarket as tech giant nears historic $5 trillion valuation
Nvidia is on track to become the first company to cross the $5 trillion market value threshold.
10/29/2025
CVS beats estimates, hikes guidance as insurance business improves
The third-quarter results mark David Joyner's first full year as CEO of CVS, which had struggled to drive higher profits and improve its stock performance.
10/29/2025
Mortgage rates drop to the lowest level in over a year, pushing refinancing 111% higher annually
Refinance demand, which is most sensitive to interest rate changes, jumped 9% for the week and was 111% higher than the same week one year ago.
Notices
09/18/2025
Zaner's trade desk will be covering DeCarley phones tomorrow.
Due to circumstances beyond our control (rescheduled flights at the discretion of the airline), we will not be in the office tomorrow.
08/29/2025
Labor Day Holiday Schedule
We will be out of the office on Monday, September 1st, in observance of Labor Day. Some markets open on Sunday night (as usual) and trade an abbreviated session (close early) on Monday, but trading volume is expected to be extremely thin. If you need assistance, the 24-hour StoneX desk is available at 312-706-7272.
08/27/2025
Don't trade futures or options, but want access to the DeCarley Perspective?
We strive to provide straight-to-the-point and honest market commentary, even if our opinions ruffle feathers. The DeCarley Perspective, written by commodity market analyst Carley Garner, offers a refreshing and comprehensive perspective on the financial and commodity markets. For decades, the DeCarley Perspective, a commodity trading newsletter written by Carley Garner, was available exclusively to DeCarley Trading brokerage clients and trial subscribers. However, many of our followers don't necessarily trade futures and options or live in a part of the world that prevents them from doing business with us, such as Canada. Thus, we are introducing a subscription-based model to access our market analysis, chart work, insights, and even trading recommendations.
Platform Tutorial Videos
Posted on 11/22/2024
Introduction to the Stonex futures and options platform, based on CQG Desktop.
DeCarley Trading
Posted on 11/22/2024
In this video, Carley Garner of DeCarley Trading talks about setting up custom pages in CQG Desktop.
DeCarley Trading
Posted on 11/22/2024
Futures, options, and position stats can be sent via push notifications or email.
DeCarley Trading
Posted on 11/22/2024
The Stonex futures & options platform, based on CQG Desktop, offers simple/intuitive charting.
DeCarley Trading
Posted on 11/22/2024
There are many ways to enter futures/options trades into the Stonex commodity platform; here's one.
DeCarley Trading
Posted on 11/22/2024
Viewing working, filled, canceled and parked orders in the Stonex commodity platform based on CQG.
DeCarley Trading
Futures Market News
Posted on 10/28/2025
S&P 500 futures hit a new record high ahead of the Federal Reserve decision. 10/28/25
CME Group
Posted on 10/28/2025
Copper prices surged amid central bank easing expectations. 10/28/25
CME Group
Posted on 10/28/2025
WTI Crude Oil futures dropped for the third consecutive session. 10/28/25
CME Group
Posted on 10/28/2025
Soybean futures reached a 15-month high and closed higher with corn and wheat. 10/28/25
CME Group
Posted on 10/28/2025
Live Cattle and Feeder Cattle futures fell as volatility surged. 10/28/25
CME Group
Posted on 10/27/2025
Euro futures rallied as volatility dropped before central bank meetings. 10/27/25
CME Group
