Grains remain soft this morning. 🌾 Morning Market Outlook Corn, soybeans, and wheat are all trading lower to start the day, with soybeans leading the declines. The tone is being set by escalating tariff tensions between the US and China. The US is planning to impose a $50.00/metric ton fee on China-related vessels beginning tomorrow….
When Do Grains Join the Long Party? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1127296081 Wheat: Kansas City wheat posts an outside day up, signaling potential short-term reversal. Resistance holds near 505 to 507. Market needs follow-through for confirmation. Chicago wheat shows a key reversal day but remains technically weak. Global production expectations from…
The morning grain trade is in retreat. Outside markets reversed course overnight, with the ag sector joining the broader retreat. Soybeans and wheat are under the most pressure, as both markets are digesting fresh news. In soybeans, the focus remains on tightening U.S. supply and demand fundamentals. New crop ending stocks are already projected to…
The morning grain trade is in retreat. Outside markets reversed course overnight, with the ag sector joining the broader retreat. Soybeans and wheat are under the most pressure, as both markets are digesting fresh news. In soybeans, the focus remains on tightening U.S. supply and demand fundamentals. New crop ending stocks are already projected to…
Positive outside market influence helps stabilize grains. The overnight markets reacted positively to Pres. Trump’s comments on Sunday, stating that there are still three weeks to work things out, and he thinks Pres. Xi is an honorable man and will want to work out a deal to avoid a depression in his country. This had…
Peace settlement in the Middle East has oil prices under pressure, pulling ethanol and soybean oil lower. Futures are under pressure this morning, with soybeans leading the decline. The primary driver is escalating trade tension between the United States and China. Starting next Tuesday, the US plans to impose new charges on China-linked vessels, reportedly…
Gold Blew A Gasket Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1125986740 Gold: Blew out early but reversed sharply, forming a key reversal down. Seasonal pattern suggests potential weakness into year-end before a December bottom. Resistance expected around $4,080; likely bounce before further selling. Silver: Touched $50 for the third time in 45 years…
The Russian winter wheat area is likely to be reduced. This morning we have a firm wheat market while soybeans and corn softened a bit. In the outside markets several of them are seeing profit-taking from their massive early week strength in the metals. Today would’ve been the October 9 WASDE Crop Production report but…
Again, the big grain crop is not holding row crop prices down. The grain trade is firmer again this morning after an initially softer night session, as sellers cannot seem to get leverage much anymore. It’s unusual to see U.S. basis values strengthening right in the middle of harvest, when grain stocks are typically flush….
The Gold Buzz Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1125301310 Gold: Strong wave three rally drawing heavy public interest Short-term peak likely before a corrective wave four Seasonal strength could return during the winter holidays Crude Oil: Short-term bounce likely capped near $63 OPEC restraint fails to lift prices amid soft demand Broader…
