No News Is Bad News Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1133612138 Soybeans: Recent rally of $1.25 since early October may have peaked short term. Support seen at 1112½ with possible pullback toward 1090–1100. Long-term target still $11.91–$12 if wave pattern holds. Corn: Harvest estimated 85% complete. Selling pressure likely fades post-Friday. Market…
Turnaround-Tuesday is underway row crops today. This morning’s grain trade is seeing profit-taking develop in soybeans and corn for a Turnaround-Tuesday after their spectacular run the past two weeks while wheat is mixed after its recent surge. Yesterday was first trading day of the month, classic for a surge into it to stall. News that…
Grains push new recovery highs overnight for wheat and beans. Corn, soybeans, and wheat are starting the week on firmer footing as light new-month buying emerges. A key driver behind the strength is easing trade tensions with China. After several months of silence, China reportedly purchased seven cargoes of U.S. soybeans last week and showed…
Grains soften as China may take time buying beans. Corn, soybeans, and wheat are under pressure this morning as both pre-weekend and month-end consolidation appear to be guiding trade. The bullish momentum seen earlier this week following the Chinese trade agreement has tapered off, with traders now waiting for concrete details before adjusting positions further. While…
Grain and Cattle Trends Presented by Heartland Investor Capital Management Inc. CTA We apologize, but due to a recording issue with our charting software, today’s video is missing the chart drawings normally shown during the analysis. https://vimeo.com/1132274814 Soybeans: China to buy up to 12 MMT by year-end and 25 MMT annually for three yearsMarket eyes…
China to buy 12 MMT of beans this year and 25 MMT the next 3 years. It was a wild and woolly night session as overnight grain strength initially faded after testing midweek highs. The momentum collapsed once the U.S.–China meeting concluded without meaningful detail. The market quickly fell into a “buy the rumor, sell the…
Grains stall awaiting the meeting this evening in South Korea. Grain futures are under pressure this morning as profit-taking kicks in after a string of strong sessions. Corn, soybeans, and wheat had recently attracted fresh buying interest, but that momentum has now drawn some weak longs into the market, many of whom are now being…
Grains & Cattle Will They Or Won’t They Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1131455531 Corn: Early strength faded on profit-taking after reaching key resistance at 436 Wave three rally remains intact with possible retest near 442–445 if Trump-Xi meeting goes smoothly Potential pullback to 423–425 area seen as part of wave four…
Grains keep climbing, and feeder cattle should trade today. The grain market followed through overnight with further gains, with soybeans again pushing double-digit strength on improving trade relations with China. But we still have not seen details of the framework with China. The bottom line is that if they buy any soybeans, it is more than…
The current grain rally anticipates a Chinese/US trade resolution in two weeks. Grain futures got a boost overnight as it appears we have a framework for a trade deal with China that hopefully will be agreed to later this week when President Xi and President Trump meet. The trade deal has soybeans doing the heavy…
