Argentina On The Radar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043507296/f5cc367fdc?share=copy Grain Markets: Corn traded near $4.60, holding above the 200-day moving average.Soybeans rebounded above $10.10 despite early struggles, supported by Argentina’s ongoing dryness.Wheat remains a laggard, with domestic challenges offsetting gains in global milling wheat prices. Cattle Markets: Live cattle rallied toward…
A firm start is anticipated for the first trading day of the new year. The first trading day of 2025 indicates a firmer start. French milling wheat gained at $1.50/MT overnight, prompting calls of 1-2 cents higher for corn and wheat, while soybeans are indicated 2-4 cents higher on the continued dry forecast for Argentina….
Trouble With South American Weather Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043170861/64d922b285?share=copy Soybeans:Brazil’s heavy rains delay soybean harvest and Safrinha corn planting.Argentina remains dry, creating concerns over soybean meal availability.Soybean prices rally, supported by end-user buying and index fund shorts. Corn:Brazil’s Safrinha corn planting delayed in Mato Grosso due to rain.U.S. corn remains key supply…
Happy New Year’s Eve! The last trading day of 2024 is greeted with another overnight rally. Corn is recovering from yesterday’s selling, coming within pennies of the high that brought about another swift bout of farmer selling that is being absorbed ahead of the end of the tax year. Soybean futures are higher, led again…
Overnight weather forecast for Argentina return concerning. Grain futures are higher this morning, with soybeans leading the advance after a soft overnight performance. Light showers occurred over southern Argentina overnight, producing some light rains, but the forecasts for Argentina continue to show near to below-normal rainfall over the next week. Temperatures rise into the 90s…
Corn set for the highest weekly close since mid-June. This morning’s grain trade is mixed, consolidating recent gains on a Friday settlement. If corn can close over 450, this will be the highest spot weekly close since June. Export sales numbers out this morning were considered strong, with soybeans just under 1 MMT and corn…
Corn Continuing Higher, Soybeans Falling Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1042330978/1d0c71ca32?share=copy Corn Market Dynamics: Corn price forecast: Targeting $4.65-$4.69 and potentially reaching $4.85-$5.00 by February.Current position: Above the 200-day moving average, showing a strong upward trend. Soybean Market Developments: Explosive growth in soybean meal prices amid weather concerns in Argentina affecting crop…
Markets return to regular time trades for the rest of the week. This morning’s grain trade lacks fresh news, so anticipated openings are mixed. Russia released its 2024 final Russian crop estimate earlier today, and they put the all-grain crop at 125 MMTs and the wheat crop at 82.4 MMTs. The USDA estimated the 24…
Potential Soybean Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1042022204/982b0d6ca8?share=copy Soybeans:Soybean meal supports the market, driven by European demand and Argentine dryness concerns.La Niña may create January rallies, with potential upside targets of $10.20–$10.80. Corn:Strong momentum with measured moves suggesting targets of $4.65–$4.77.Seasonality could bring a rally through April-May, supported by Brazilian planting…
Markets are set for a noon-time close today. Merry Christmas Eve Day! A thin holiday trade greets the overnight session, with the market fluctuating from both sides of unchanged. Trade thins out as it prepares for a 12:05 p.m. CT close for grains today and a 12:15 settlement for livestock. Markets reopen at 8:30 a.m….