Rolling Trades with RJO Futures

Senior Market Strategist John Caruso examines the key economic forces shaping markets in early 2026. In this episode, he analyzes moderating GDP growth, stabilizing but vulnerable inflation, and emerging weakness in the labor market. Caruso also explores the impact of surging oil prices tied to geopolitical tensions in the Middle East and what these dynamics could mean for the Federal Reserve’s next move. With stagflation risks rising and recession probabilities climbing, the discussion breaks down how growth, inflation, labor data, and energy markets are converging to influence policy decisions and market outlook

In this episode, Market Strategist Lane Dungan walks through what’s driving today’s grain markets, including how the Iran conflict is shaping trade sentiment. He also covers the latest developments in South American and U.S. export flows and what they could mean for your marketing decisions.

Senior Market Strategist Bill Dixon analyzes how markets may react to the upcoming US Iran talks in Geneva, breaking down potential scenarios for equities, crude oil, and precious metals. He examines the impact of a surprise 16 million barrel crude build, seasonal energy patterns, and geopolitical risk premiums currently capping stock performance. Bill also reviews gold’s technical structure, the dollar’s strength near resistance, and shifting expectations around July rate cuts. Finally, he connects recent tariff commentary and energy policy themes to broader commodity demand, offering a framework for navigating headline driven volatility in the weeks ahead. 

Market Strategist Lane Dungan delivers a comprehensive overview of the weekly grain outlook, highlighting key fundamental indicators such as export inspections and EIA ethanol production data, along with insights from the USDA Ag Outlook Forum. He evaluates where the markets currently stand and what shifting fundamentals may signal for the weeks ahead. Lane also breaks down the technical landscape—examining open interest, price action, and chart structure—to help clarify market momentum and identify potential opportunities in today’s trading environment.

Market Strategist Lane Dungan delivers an in-depth breakdown of the February WASDE report, along with a detailed outlook for corn, soybean, and wheat futures. He reviews where the markets stand today and what to expect in the months ahead. Lane also explains the drivers behind the recent soybean rally and shares practical strategies for preparing for similar market-moving events, including how to implement effective risk management.

Senior Market Strategist Eli Tesfaye breaks down the Morning Commodity Insight newsletter, a daily market report designed to bring clarity and structure to trading across 39 markets and nine sectors.Eli explains how the Trend Probability Index identifies bullish, bearish, and neutral conditions using a single systematic methodology, along with defined entry points, stop levels, and validation markers to support disciplined decision making. The conversation also covers managing trade conviction, using both full size and micro contracts, and staying mindful of major market events.This episode highlights how a data driven, structured approach can help traders move beyond gut based decisions and build consistency, risk control, and long term confidence.

Market Strategist Lane Dungan delivers a detailed breakdown of current grain market technicals, explaining where the market stands now and how he expects it to move in the coming days and weeks. He reinforces his technical outlook with real‑world fundamental insights that frame today’s grain environment and inform his forward-looking perspective.

Market Strategist Lane Dungan provides an in-depth analysis of the latest USDA reports, including the Quarterly Grain Stocks and January WASDE. He compares forecasted figures with actual results and examines how these updated data points are likely to influence market dynamics. Additionally, Lane offers a technical outlook, highlighting key chart patterns, support and resistance levels, and discussing potential market trends as we move into 2026.

Crude oil continues to hover near sixty dollars a barrel as the market digests OPEC’s decision to hold production steady, rising inventories, and signs of softening global demand. Daniel Pavilonis, Senior Market Strategist, breaks down what is driving the current mild surplus backdrop, why the front month keeps gravitating toward the sixty dollar level, and how a flat forward curve reflects tempered long-term expectations.  He also digs into the latest EIA data, China’s slower manufacturing activity, and the technical setup pointing to contained downside momentum — including what a break below fifty five could mean. Daniel highlights the key catalysts to watch from OPEC signals and capacity audits to macro trends, geopolitics, and yield movements shaping the narrative heading into 2026

Senior Market Strategist John Caruso breaks down the latest jobs numbers, including the missing October employment report and the jump in Challenger job cuts, and explains what they signal for unemployment and market volatility. He walks through his TRM grid, momentum indicators, and the recent five percent S&P correction to sixty six hundred, noting how Nvidia helped steady the broader market.John also shares his outlook on precious metals, highlighting consolidation patterns in gold and silver, supply tightness, and the bullish setup he sees heading into 2026. He closes with an update on crude oil’s continued downtrend and the macro forces shaping energy prices.

Market strategist Lane Dungan breaks down the latest moves in corn soybeans and wheat with updates on China purchase commitments global supply shifts and current weather patterns. He reviews key technical levels including pivots resistance support and the recent three white soldiers pattern signaling bullish momentum.Lane also highlights soybean gap areas the shift in open interest toward March contracts and what traders should watch ahead of first notice day. The episode wraps with expectations for the November WASDE report and how yield estimates and ending stock projections may influence grain markets going into the new year.

Senior Market Strategist John Caruso breaks down the latest Fed decision, including Chairman Powell’s 25-basis-point rate cut and the shifting odds of another move in December. John explores the trade-offs between inflation control and supporting a softening labor market, highlighting why there may be no risk-free path ahead.He walks through current price action across major markets — from the S&P 500 pullback and a strong U.S. dollar to gold, silver, copper, and platinum, where long-term fundamentals still appear supportive. John also examines Bitcoin’s recent trend break and the potential for a deeper sell-off if key levels fail.Plus, he covers why natural gas may be poised for a move higher despite bearish fundamentals, and why crude oil looks vulnerable to further downside in the months ahead.If you follow macro drivers, trade signals, or are positioning into year-end, this is a timely breakdown you won’t want to miss.

Senior Market Strategist John Caruso unpacks Q4 macro trends driving markets — from resilient U.S. growth fueled by AI data center spending to a Fed poised for more rate cuts. He breaks down why inflation remains sticky near 3%, how the labor market is showing early cracks, and what the K-shaped economy means for investors. John also covers his outlook on equities heading into year-end, gold’s pullback amid strong central-bank demand, and why copper may be the next major accumulation trade as electrification and infrastructure expansion collide with tight global supply.

Senior market strategist Bob Haberkorn breaks down why silver and gold markets are turning sharply bullish, with physical shortages, soaring ETF demand, and unprecedented lease rates driving price movement. He explains the growing gap between spot and futures, why silver could hit $55 soon, and how central banks, sovereign wealth funds, and retail buyers are fueling the rally. Bob also touches on copper’s outlook amid tariff volatility and rising long-term industrial demand, along with how traders can use futures and options to manage risk in the current metals landscape.

As gold surges toward $4,000, concerns about an impending stock market slide are gaining traction. In this episode, Bob Haberkorn, Senior Market Strategist, breaks down why investors are shifting toward precious metals, how silver is tracking alongside gold, and what economic signals are driving the move to safety. He also weighs in on the role options trading is playing in the current environment and how it may be signaling broader market caution. Haberkorn explains the conditions that could trigger a pullback in equities and why gold and silver may continue to climb even as stocks soften.

In this episode of Rolling Trades with RJO Futures, Senior Market Strategist Bill Dixon recaps Q3 performance across stocks, metals, and energy markets. He highlights strong gains in equities and precious metals, the challenges facing crude oil, and the resilience of natural gas. Bill also breaks down the Federal Reserve’s latest rate cut, the potential impact of a government shutdown, and what labor and inflation trends could mean heading into Q4. Tune in for insights on how these factors may shape opportunities and risks across the markets.

John Caruso, Senior Market Strategist at RJO Futures, explains why the Fed’s recent25-basis-point cut is “risk management” and why another 25 basis points may come in Octoberand December. He describes how monetary and fiscal policies are creating a reflationarybackdrop in the U.S. and globally, making the Fed’s path back to 2% inflation long anduncertain. Caruso highlights the structural headwinds facing the U.S. dollar, why deficits anddebt keep pressure on policymakers, and how this environment supports commodities, with goldbreaking out and silver gaining strength.

In this episode of Rolling Trades, Senior Market Strategist John Caruso breaks down the latest Fed rate cut, rising inflation risks, and the outlook for U.S. growth. He covers consumer sentiment trends, labor market weakness, and why the Fed may be abandoning its 2% inflation target. John also dives deep into the commodities rally, highlighting the surge in gold, silver, and platinum, and explains why a weaker dollar and persistent deficits could drive further gains. Tune in for market insights, charts, and strategies to navigate this critical stage of the cycle.

In this episode of Rolling Trades, Senior Market Strategist Alexander Turro breaks down the latest CPI data, highlighting a mixed inflation picture with rising food and core goods prices. He covers the sharp moves in commodities—silver hits a 14-year high, copper reaches all-time highs—and explores the macro forces at play, from a weakening U.S. dollar to China’s infrastructure push. Plus, Alexander dives into the technical setup of the S&P 500 and previews key market catalysts ahead, including earnings season and the upcoming Fed rate decision. Stay tuned for critical insights to guide your trading strategy.TIMESTAMPS:00:30 – CPI Breakdown & Inflation Drivers01:10 – Stagflation Outlook & Reflation in 202501:45 – US Dollar Drop & Global Tailwinds02:25 – Dollar Rebound vs Commodity Resilience02:50 – Silver Hits 14-Year High03:25 – Copper at All-Time High & China’s Q3 Rebound04:10 – Metals Strategy: Buy the Dips04:30 – S&P 500 Wedge Formation & Flow Mechanics05:10 – Positive Gamma & Dealer Positioning05:35 – Market Dispersion & Goldman Short Note05:55 – Looking Ahead: Fed, Earnings, Jobs Report

In this episode of Rolling Trades, Bob Haberkorn dives into the recent breakout in silver prices and why it may just be the beginning. He breaks down the impact of AI-driven demand, tightening global supply, and the looming possibility of U.S. tariffs on imported silver. With gold soaring and silver playing catch-up, Bob explains why current price action could be a strong setup for traders and how to position for potential moves to $50 and beyond.Timestamps:00:08 – Silver’s Breakout01:25 – AI Demand and the Silver Supply Crunch02:05 – Gold-Silver Ratio and Market Imbalance02:50 – Tariff Speculation and the Upside Potential04:19 – Options Strategies for a Bullish Silver Play05:28 – Volatility, Chart Setups, and Final Thoughts

Daniel Pavilonis, Senior Market Strategist, breaks down the recent spike in WTI crude prices amid rising tensions in the Middle East. He explores how geopolitical risk, inventory drawdowns, and U.S. yield curves are influencing oil markets — and why fair value may be closer to $60 despite recent highs. Is the war premium already priced in? Tune in for a tactical market outlook and key positioning strategies.

In this episode of Rolling Trades, Senior Market Strategist John Caruso breaks down the latest macroeconomic developments shaking the markets. From renewed tariff tensions and the fiscal impact of the newly signed “Big Beautiful Bill,” to signs of a stagflationary setup emerging in Q3, Caruso outlines what traders need to know. He highlights cracks in the labor market, rising inflation projections, and potential political pressure on the Fed. Plus, he dives deep into the charts—spotlighting gold, silver, copper, and crude oil—and shares tactical trade setups and support levels. Whether you’re looking for macro context or actionable trade ideas, this episode delivers.

Senior Market Strategist Tyler Herrmann breaks down what traders need to know as corn and soybean markets brace for the June 30 USDA report.From flexible option expirations and shifting spreads to acreage expectations and weather risks, this episode delivers timely insights on how to navigate volatility in the row crop markets. Plus, learn which strategies offer the most flexibility heading into a critical few weeks for both pricing and positioning.

In this episode of Rolling Trades, John Caruso and Alex Turro break down key macro trends including GDP shifts, inflation, and fiscal policy, along with breakout trades in silver, platinum, and crude oil. They also explore market dynamics driven by CTA flows and sentiment. Whether you’re trading hard assets or tracking policy shifts, this is a must-listen.

In this episode of Rolling Trades, Senior Market Strategist Daniel Pavilonis breaks down the recent shifts in the crude oil landscape. From OPEC+ production hikes to the surprising resilience of the U.S. economy, Dan explores how macroeconomic forces, summer demand, and interest rate movements are shaping energy markets. Tune in for a clear-eyed look at why the correlation between WTI and the 10-year yield matters now more than ever—and how traders might interpret the evolving price floor for crude.

In this episode of Rolling Trades, Senior Market Strategists Bob Haberkorn and Todd Fulton dive deep into the mental side of trading—specifically within the world of Managed Futures. They explore the importance of sticking to a process, managing risk, and avoiding the emotional traps that can derail even the most experienced traders. With stories from the trading floor and actionable insights tailored to the unique dynamics of Managed Futures, this conversation is a must-listen for anyone looking to sharpen their edge and approach these markets with confidence.

In this episode, Bob Haberkorn from RJO Futures breaks down the current landscape of precious metals. With gold soaring past $3,300 and investor hesitation growing, Bob explores smarter entry points in silver and platinum. Learn why platinum’s breakout could signal a major buying opportunity, how silver’s consolidation phase might precede a surge, and how futures contracts can offer strategic leverage. If you’re looking to hedge uncertainty or add precious metals to your portfolio, this episode delivers sharp insight and practical advice.

Welcome to the debut episode of Rolling Trades by RJO Futures. Senior Market Strategist JohnCaruso kicks things off with a deep dive into the current macroeconomic landscape. From GDPtrends and inflation data to earnings surprises and labor market updates, John breaks down theforces shaping market momentum.He also shares key insights on the Federal Reserve’s evolving stance, interprets the two-yearyield’s message, and gives his technical outlook on major markets including the S&P 500, gold,silver, copper, and crude oil.Whether you’re an active trader or market observer, this episode delivers timely analysis andperspective to help you make more informed decisions