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.
The USDA takes another crack at guessing demand in today’s WASDE report. Grain Overview The overnight grain trade ended mixed ahead of today’s June WASDE crop report out at 11:00 a.m. CDST. The report is typically a non-event, but today, fresh news could prompt price action. Demand is the factor in the June report, and…
Overnight, Pres. Trump flips from a deal within days, to we may have to strike Iran again. Grain Overview The grain trade rose overnight, with wheat leading the recovery. Monday has proven to be another significant low point for the grain trade, prompting a recovery (reflex) rally. This rally was accentuated at 6:00 a.m. CST…
Has The Falling Knife Hit The Chopping Block? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1199880647 Grains: Grain futures traded a volatile session Tuesday as traders positioned ahead of Thursday’s USDA WASDE report. Corn and wheat managed early strength before fading into the close, while soybeans posted an inside day and avoided making new…
Corn and soybeans continued their bounce overnight after massive support levels were hit on Monday. Grain Overview Wheat and corn futures are seeing mild strength this morning, as the freefall in grain values for the last two weeks came to an end on Monday (wheat mostly on Friday), and the basketball bounce is at hand….
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