November WASDE crop report out at 11:00 a.m. today Today’s November USDA crop report is out at 11:00 a.m., and traders are anticipating some minor cuts to production, especially in soybeans, with small cuts to ending stocks expected for corn and soybeans. There has been a debate over the impact incredibly dry conditions at harvest…
Negative Trump Trade is Dead Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1027434924/7acc371ae5?share=copy Soybeans Price Surge: 20-cent gain today, following yesterday’s 25-cent recovery.China’s Interest: Anticipated Chinese soybean purchases could accelerate by year-end.Bullish Scenario: A potential rally to $12, especially if South American weather impacts crop yields.Market Resistance: Bean oil surge fuels soy prices; further…
Corn and beans show follow-through strength from yesterday’s strong technical performance. This morning’s grain trade enjoyed follow-through buying in the overnight session from yesterday’s technical strong reversal higher in soybeans. Corn’s close above technical resistance near 424 set it on the path to now challenge the 200-day moving average at 431. As the morning came…
The US dollar is up 2% on a Pres. Trump victory. Grains turned lower last night early as it became apparent that President Trump was on his way to another win. By 8 o’clock, the US dollar was moving sharply higher, gaining almost 2%. This put pressure on energies and metals, along with the grains. The…
WASDE Preview & Grain Outlook Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1026650319/5ef78d717b?share=copy Soybeans: Struggled to stay above $10 but managed to close above this key level.Pressured by global supply factors and recent U.S. elections.Potential upward trend if prices stay above 1008-1009 level. Crop Production and WASDE Report Prep (Nov. 10): Corn yield expected…
Spot soybeans above 10.00 for the third morning in a row. This morning’s grain trade is firmer across the board, with again, for the third morning in a row, November beans trading above $10.00 (despite a potential Trump when, heavy rainfall for the last three weeks in SA, and record US crop expectations). This morning’s…
The World veg oil prices move on to new highs overnight. This morning, grain markets are higher as hedge pressure turns to a minimum, especially with rains on the way throughout the Midwest, but new highs in world vegetable oil markets persist. Malaysian palm oil overnight gapped higher and surged 170 ringgits, settling at $0.52/pound,…
Crude Oil Fining a Bounce Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1025232834/c6db75807d?share=copy Corn & Soybean Harvest: Late-stage harvest, pushing through before upcoming rains.Drought affects 81% of corn crops; conditions compared to 2012 levels.Lower yields observed as harvest progresses; soybeans at 12% moisture upon return. Export Sales: Corn sales up 41% from last year,…
The World veg oils continue to lift soybean oil/soybean values This morning, there was more of the same from yesterday, with soybeans following the veg oil/soybean oil market strength higher while wheat drifted. Wheat prices are contending again with sagging spot Russian cash markets. The Russian cash market is quoted between $230-235/MT, which is down…
