Hogs And Pigs
Hogs and Pigs 6/25/26 All Hogs and Pigs: 100 vs 100.9 estimate Kept For Breeding: 99 vs 99.3 estimateKept For Marketing: 100 vs 101.1 estimate Report is friendly to pre-report estimates. Look for a strong opening tomorrow.
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Corn
Cheap Corn Call Idea In light of the heat coming over July 4, and in case it fails to retrograde, and there’s always a possibility of a friendly USDA acreage report for corn. Here is a cheap corn call idea. You can buy the serial Dec corn call that expires on July 17, 22 days…
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Morning Update
The wheat trade remains seasonally weak this morning. Heat is on the way to the corn belt, but it is currently welcome. Grain Overview This morning’s grain trade is mostly lower, led seasonally again by wheat. This Friday is option expiration, while first notice day is next Tuesday. French milling wheat is softer today by $1.25…
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Market Quick Take
A Tale of Two Cities Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1203947068/7754472476 Corn: Corn broke below a major multi-year support zone. Trade is increasingly expecting June 30 acreage to remain near 95.5 million acres. A technical breakdown projects downside toward 423-424 if support fails. Soybeans: Soybeans continue to hold key support near the…
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Morning Update
The grain trade flounders above recent price lows. Grain Overview Grain futures found support overnight, with corn, soybeans, and wheat all posting gains as traders covered short positions. Wheat futures again followed a familiar seasonal pattern, fading from their overnight highs as the session progressed. Recent selling pressure appears excessive in corn and wheat, leaving…
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Morning Update
2-sided trade occurred overnight, as Iran/US talks shifted. Grain Overview Grain futures did open higher last night, with crude oil pushing $78.00 amid vitriol between the US and Iran over reports that the MOU was falling apart. Overnight headlines shifted that, by morning, we have crude oil off $1.31, trading at 74.54, as the Iranians…
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Cattle On Feed
Cattle On Feed On Feed: 102% vs 102.5% estimatePlaced: 90% vs 94.5% estimateMarketed: 88% vs 89.4% estimate The report is friendly to pre-report estimates on a friendly placement number
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Morning Update
Today is the last trading day of the week before closing for a three-day weekend. Grain Overview After yesterday’s strong performance, corrective action is taking place ahead of a three-day weekend. Markets will close at the regular time today and resume Sunday night at 7:0 p.m. CT. Export sales this morning again showed consistent sales…
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Market Quick Take
Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….
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Market Quick Take
Have Grains Decoupled From Crude? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1202248198 Corn: Support continues to hold near 439-441. Trade is focused on the June 30 acreage report. A reduction of 1 million acres could tighten carryout significantly. December corn could recover toward the 470-480 range. China demand headlines remain a major wildcard….