Chinese buying interest persists. After spending the overnight session in negative territory, commodity prices firmed as the session progressed. Demand is the keyword in trade right now, following yesterday’s rumor that China had booked US soybeans during the session. It is believed that China booked 14 US soybean vessels yesterday, 8 from the Gulf and…
Grain prices recover from Friday’s washout. The market is seeing a moderate rebound this morning following last Friday’s negative reaction to the November WASDE report. While the numbers were not outright bearish, they fell short of expectations, prompting profit-taking on long positions heading into the weekend. Although the data wasn’t strongly bullish, the reduction in…
Crop report preview for Friday The grain trade experienced a mixed start to the week, with initial pressure leading to lower prices in wheat, soybeans, and corn. However, buying interest in corn and recoveries in wheat and soybeans led to a positive turnaround. The market anticipates lower yields for corn and soybeans in the upcoming…
Cattle kicks higher, Grains hold the line Cattle rebound sharply but face resistance amid Brazil tariff uncertainty, soybeans eye higher highs, corn stabilizes ahead of USDA, wheat reverses cycle low, crude oil rebounds toward $63 resistance. Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1135883559 Macro Market Recap Cattle:Feeder cattle surged early but closed weak…
Trump’s tariff repeal has the grain trade on edge. This morning’s grain trade has wheat and corn on the softer side, while soybeans are trying to consolidate and recover from Thursday’s sharp losses. Soybeans are trying to find a footing on the hope that Chinese business will continue according to the trade agreement, whether by continuing…
Are We There Yet? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1134372474 Market Overview: Broad selloff across commodities and equities tied to uncertainty over Supreme Court hearings on Trump-era tariffs. Risk-off sentiment weighed on soybeans, corn, wheat, and cattle. Soybeans: Wave-three rally peaked near $11.36 Fibonacci target. Current correction likely wave four with support…
The market is softening from an early-month high pricing push. Grain futures are soft this morning after advancing into the opening part of the month. The current up run appears to have created a high watermark, prompting a corrective price action. China purchased 120,000 MTs of wheat (one cargo of white wheat and one of…
Soybeans bounce overnight on Chinese tariff reduction for November 10. The soy complex is seeing a moderate recovery this morning after yesterday’s selling proved to be overdone. Much of the pressure on soybeans yesterday came from profit-taking, especially in meal following a $52 rally. Overnight, soybeans retested Monday’s highs after news that China suspended its…
