Cattle On Feed
Cattle Reports The COF report was slightly friendly while the cattle inventory was slightly negative due cattle herd not reducing by 320k head as expected. The data shouldn’t be much of a market mover for Monday’s opening.
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Wheat Flush
The wheat market got flushed this morning on comments from Pres. Zelenskyy Pres. Zelenskyy of Ukraine along with some of his ministry are trying to work a deal out where ships may not get fired upon two or three days a week to enter and exit the Black Sea. Just the thought of it has…
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Morning Update
The announcement of tariffs on 60 countries this morning took the bloom off overnight gains. Grain Overview It was just another evening where grains rally in the night, usually making new highs for the week, but peaking when the Matif opens near 4 AM and drifting into our daylight hours. This morning, though, that turned…
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Market Quick Take
What Rallied Grains & Friday’s Cattle Reports Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1212457022/36c45844da?share=copy&fl=sv&fe=ci 🌽 Corn Western Corn Belt heat and dryness could pull the national yield below USDA projections.A 180-bushel yield could remove roughly 200 million bushels from production.Strong exports and European crop problems continue supporting demand.Black Sea disruptions could create additional…
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Morning Update
Another firm overnight grain trade, which has become the norm. Grain Overview In what has become a regular habit, overnight grain pricing has been firm. Though the gains are not substantial compared to prior nights, firmness continues to extend, with corn and soybeans pushing through yesterday’s highs more easily. Black Sea movement has been shut…
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Morning Update
Sharp gains in Euronext corn and French milling wheat lift US grain values. Grain Overview Grains are all sharply higher this morning, led by the wheat trade. It is not just a heat story; it is also a war story and a demand story that continues to keep the market firm overnight, pushing wheat to…
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Market Quick Take
Connecting the Dots Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1211802216/6c2135fa3b?share=copy&fl=sv&fe=ci 🌾 Wheat Black Sea export disruptions remain the primary concern. Russia and Ukraine account for roughly 61 MMT of exportable wheat. Even a short disruption could force importers toward alternative suppliers. Chicago wheat posted its second-highest continuation close of the year. Kansas City…
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Morning Update
Hello to Turnaround-Tuesday. Monday’s gains are getting checked. Grain Overview After a mixed overnight start, the grain trade softened as Monday’s gains were partially retraced. Crop ratings came in slightly better than expected, with corn declining just 1% and soybeans improving 1% in the good to excellent category. Even a 5% drop in the spring…
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Morning Update
War, weather, and demand support grain prices overnight. Grain Overview The grain trade opened higher overnight, with wheat posting the strongest performance during the first few minutes of trading. Corn and soybeans initially faded with wheat before recovering to new overnight highs later in the session as forecasts continued to advertise a warmer and drier…
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Morning Update
Grain futures recover from overnight weakness which were inspired by Pres. Trump’s comments, as Black Sea concerns come back to the forefront. Grain Overview The grain trade is firm this morning after drifting overnight with Pres. Trump made comments in his speech about the Chinese government getting possession of US voter files with names, addresses, and…