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….
Rumors continue about new export demand, with hopes of Chinese new-crop buying. Grain Overview The grain trade firmed substantially overnight, fueled by continued rumors that China may soon purchase new-crop US beans and by potentially lower tariffs that will encourage purchases of corn and wheat. Also, France is experiencing a severe heat wave that is…
Rumors continue about new export demand, with hopes of Chinese new-crop buying. Grain Overview The grain trade firmed substantially overnight, fueled by continued rumors that China may soon purchase new-crop US beans and by potentially lower tariffs that will encourage purchases of corn and wheat. Also, France is experiencing a severe heat wave that is…
Rumors continue about new export demand, with hopes of Chinese new-crop buying. Grain Overview The grain trade firmed substantially overnight, fueled by continued rumors that China may soon purchase new-crop US beans and by potentially lower tariffs that will encourage purchases of corn and wheat. Also, France is experiencing a severe heat wave that is…
Has The Falling Knife Hit The Chopping Block? Presented by Heartland Investor Capital Management Inc. CTAhttps://vimeo.com/1201908718 Corn: Support held near 440 on a closing basis. Long-term support from the 2024 range remains intact. Resistance is seen near 460 initially. A friendly June 30 acreage report could open a move toward 470-480. Weather during pollination remains…
Wheat catches a bit overnight while soybeans give up Monday’s gains on crude oil weakness. Grain Overview The grain trade is mixed this morning, as weakness overnight was tied to crude oil slipping below Monday’s levels, with grains also absorbing soybean and corn ratings that had showed a 1% improvement while spring wheat was up 3%….
The US and Iran are to sign an MOU on Friday if it holds together. And then it’s only a 60-day agreement. Grain Overview Just ahead of market openings last night, it was announced that Iran and the US came to MOU agreement that for some reason, (which can allow for revisions and arguments this week)…
The market is toying with the hopes of an Iran/US MOU that could get signed this weekend in Geneva. Grain Overview Grain futures came under light pressure overnight as improving geopolitical sentiment combined with beneficial rainfall across portions of the Corn Belt. Energy markets led the weakness, with crude oil falling by more than $3.50…
Post WASDE Fallout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1200563883 Grains: WASDE largely a non-event for grains Most adjustments already priced in pre-report Wheat the only mildly friendly component Corn and beans both traded defensive into release Positioning and flow dominated price action No major USDA surprise factor today Corn: July futures printed…
USDA WASDE Crop Report 6/11/26 The report was friendly for new crop wheat and slightly negative for corn.
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