Cattle’s Top and Tumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1100413166/a0714a62cc?share=copy Cattle: USDA paused cattle imports after an animal was found north of infected zone, sparking panic buying.Feeder cattle hit new all-time highs at $326.87 on the spot contract, up $6 per cwt.Mexico’s president called the pause exaggerated, aiming to quickly reopen the…
Grains are mixed, and the Mexican border is again being closed to feeder cattle. Overnight grain trade had wheat posting modest gains while corn and soybeans softened, remaining near recent lows. Much of today’s trade will be spent getting final positions ahead of tomorrow’s WASDE report. No significant changes are expected to balance sheets, but…
Cattle continue to surge, while grains purge. Corn, soybeans, and wheat traded higher for much of the overnight session but slipped into negative territory by the close of night trading. The futures market appears to be losing momentum from bearish news, yet lacks a strong bullish catalyst to spark meaningful buying. The next potential trigger…
Cattle Surge While Grains Purge Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1099765367/a9dc65e8c6?share=copy Cattle Market: Strong rebound off last week’s lows after Mexican feeder cattle imports began July 7 Market reversed initial selloff as the news was already priced in Boxed beef values climbed again; packers profitable despite tight kills Goldman roll helped shift…
No turnaround-Tuesday unfolding. Corn, soybeans, and wheat futures opened on Tuesday evening on the defensive, and remain that way for the evening, though the losses were more contained than Monday’s sharp selloff. Market attention centers on the ongoing tariff situation and its implications for global trade. While several agreements appear to be nearing completion, traders…
Grains give up a large portion of last week’s gains. Grain futures turned sharply lower on Sunday night, as President Trump’s speech in Des Moines did not include any new trade deal announcements beyond Vietnam securing a trade deal with them. No grain-specific purchases were announced in Vietnam other than the fact that Vietnam does…
Grains are higher this morning, anticipating Chinese exports. The grain trade maintained yesterday’s strength and added to it in the night session from yesterday’s sharply higher run. Anticipation of an announcement today from President Trump that the US is pushing China to fulfill its commitment to the 2020 Phase 1 agreement and purchase $85 billion…
The rally in grains, cattle, and metals hinges on rumors that Trump is set to announce a deal with China for purchasing agricultural products. A visit to Iowa is expected in the next day or two for the announcement. This news from Bloomberg suggests potential Chinese purchases of beans and other commodities. Cattle prices reflect…
Two days left of active trade before the holiday weekend. This morning’s grain trade is mixed with soybean oil leading the gains for soybeans on the likely passage of the Trump tax bill, which includes 45Z carbon credits. If fully implemented after house approval, the price value for soybean oil rises to levels that limit…
The Elephant In the Markets Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1097980237?share=copy Corn: Big crop potential remains the focus with yields estimated at 184 to 189Support held at four dollars with a small bounce into the closeWeakening dollar driving new demand interest especially out of AsiaEuropean corn crops in Ukraine France and Germany…
