The Wild & Wooly Grains & Cattle Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1198537188 Corn: Heavy fund liquidation continues to pressure prices. July corn tested major support near previous October and January lows. December corn is approaching strong support in the 440 area. Export demand remains exceptionally strong. Potential weather scares and Chinese…
Corn Support Thoughts Corn’s continuation lows since the October low last year was 409, followed by the January low at 417 ¼. Today’s low so far… is 422. It stands to reason that past valuations that drove strong demand will now see our export sales pop after a massive “Kmart blue light special” has been…
Grains softened overnight, with wheat catching a bid. Exports look to rise with the recent grain price decline. Grain Overview Further weakness was seen in the grain trade overnight, although the selling was not as severe as in previous sessions. Even wheat futures managed to turn positive after losing another dime during the overnight trade….
Grains catch a bid overnight after multiple days of liquidation. Grain Overview Grain futures appeared to complete their latest round of liquidation Tuesday evening, opening lower despite strength in crude oil. Energy markets continued to firm overnight and into the early morning hours following reports that Iran had launched attacks against neighboring countries. The renewed…
Can A First Of The Month Low Hit? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1197832714 SoybeansPrice action fell back into the middle of the recent multi week trading rangeJuly beans posted the weakest close since the March breakdown periodTrade expectations around Chinese demand remain unmet with limited new purchasesSupport sits near key moving…
Grains remain in risk-off status. Outside friendly influences lack triggers for price buying. Grain Overview Corn, soybeans, and wheat all spent the overnight session on the defensive. The selling wasn’t tied to any major bearish headline. Instead, the market is struggling with a lack of buying interest, particularly from managed money. That same theme is…
New trading month with overnight action mostly firm due to crude oil. Grain Overview Grain markets started the new month on a firm tone, which later turned mixed overnight, as soybeans an d wheat moved higher while corn traded slightly lower. Most of the attention was focused on growing tensions in the Middle East. Pres….
New contract highs in soybean oil leads overnight soybean strength. Grain Overview Energy values are weaker this morning following news of a potential extension of the US-Iran peace deal and a possible agreement to end the war. Details of this proposal are still being worked out though, and its passage remains uncertain. The peace deal…
A Little Dryness Showing Up Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1196448957 Soybeans: November soybeans have rallied roughly 50 cents since early March despite crude oil weakness. Fund rolling from July into November contracts continues supporting new crop beans. Rumors China may reduce soybean tariffs are helping support prices. Bean acreage ideas and…
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