Wheat Pop & Cattle Drop Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1208547131 CornCorn consolidated after failing at the 200-day moving average.Weather remains supportive but not overly threatening.Spain tariff concerns are viewed as temporary market noise.Seasonally, corn often rebounds into mid-July.Resistance remains near 475-485 if 465 is reclaimed. SoybeansSoybeans continue correcting after a strong…
The grain trade looks towards Friday’s WASDE report and potential weekend weather changes. Grain Overview Yesterday’s selling spilled into the overnight trade, with stability found late in the night session. Oil prices also stabilize and rebounded as the situation in the Persian Gulf again remains concerning, and even though oil and fertilizer products are transiting…
Pres. Trump renews strikes against Iranian strategic targets in retaliation for Iran’s missile attacks on civilian ships. Grain Overview A nervous grain trade started mixed last night but slowly gained overnight. At around 3:00 a.m. CT, Pres. Trump, who is in Turkey, made statements that the Iranian cease-fire was likely over while the US was…
Fireworks Continue In The Grains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1207895616 Corn Turnaround Tuesday failed as buyers stepped back in. Heat expands into the western Corn Belt July 18-22. Pollination stress could trim yields toward 181 bpa. Exports remain strong while acreage questions linger. Sub-$1.7B carryout keeps upside potential alive. $5 December…
No turnaround Tuesday has yet developed in the grain trade following yesterday’s sharp price rise. Grain Overview The grain trade maintains a firm tone this morning, a sign that the selling vigilantes are still licking their wounds from yesterday’s sharp post-Fourth of July gains. The real test of the market’s ability to stall any rally…
Independence Day weekend brings a sharp change in attitudes on grain prices. Grain Overview Sunday night’s firm start turned into a sharply higher run for the grain trade during the overnight session, as weather forecasts are no longer conducive to achieving a national corn yield of 183 BPA. Even soybean yield potential is beginning to…
The Fireworks Aren’t Only For Independence Day This Year Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1206575122/31ea4d55c5 Corn USDA’s June 30 report confirmed corn stocks are tightening. July WASDE would already imply carryout near 1.86 billion bushels. Additional acreage reductions could push carryout below 1.8 billion. European corn prices continue making new highs. Strong…
A firm tone ahead of the last trading day of the week. Will the selling vigilantes cause a retreat today? Grain Overview This morning’s grain trade is firmer across the board as follow-through buying from yesterday’s newfound interest to reduce shorts due to the USDA acknowledging shrinking world stocks continued. The US Corn Belt is…
A new month brings a new attitude. Grains found follow-through strength overnight Grain Overview Oh, the smell of a new calendar month in the morning, a three-day weekend on the way, and index funds jammed on their positions. The thing like the “last day of the month, first day of the month” trend flop. Now,…
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