Guns A’ Blazing Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1142584043 Corn: Risk premium added after renewed Russia Ukraine tensionHit resistance at 452.25Seasonal buy signal active for March cornTargets 466 to 470 on next leg higher Soybeans: Stalled at 1141 areaPullback toward 1090 possible before next pushOil strong, meal correctiveUpside catalysts remain January report…
Soybean prices recover on hopes of Chinese flash sales. We have a broadly mixed market this morning with wheat losses around a nickel while soybeans gained a nickel. Corn obviously stuck in the middle. This back and forth trade has become routine and will only increase over the next few weeks. We are one week…
Grains falter overnight after a firm start. Futures kicked off post-Thanksgiving trade with a firm night session start and then quickly headed towards modest losses as traders await fresh headlines. Much of the day’s activity is catch-up from last week’s light holiday volume, with positioning expected to ramp up into month, quarter, and year-end. A major…
CME experiences technical issues. On time reopening questionable. Good morning, grain futures are called mixed to higher at the start of this morning. Whether we start is still a question, as the CME experienced a computer outage Thursday night, which was termed a cooling issue that took down all of its trading capabilities. Some of them…
Grains firm into the final full trading session ahead of Thanksgiving Day. This morning’s grain trade is firmer across the board with corn breaking out of recent congestion. The grain trade is slowly following the seasonal tendency to rally from Monday into Thanksgiving. Small that it may be, it’s still a rally. Most of…
To Catch A Falling Knife Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1140555576 Cattle:Possible low watermark formed today ahead of ThanksgivingLive cattle holding major trendline and Fibonacci support near 205Feeder cattle rebounding after limit downMexican border risk still the main obstacleSeasonal lows often arrive by Pearl Harbor Day Corn:Export inspections running hot near 50…
Grains firm ahead of holiday-shortened week. Futures opened firmer overnight on light short covering (Turnaround Tuesday). While markets were weak for much of yesterday, strength into the close carried into overnight trade, setting the tone for a better open today. Fresh news remains limited. Export interest is picking up, and South American weather has turned…
A lower grain trade greets the start of Thanksgiving Week. Corn, soybeans, and wheat opened the week under light pressure as overall trade interest remains minimal. A lack of fresh headlines has contributed to the slow pace, but the upcoming Thanksgiving holiday is the bigger driver, with most of this week’s activity expected to occur…
Cattle On Feed October On Feed: 99% vs 98% estimatePlaced: 94% vs 91.2% estimateMarketed: 96% vs 95.9% estimate November On Feed: 98% vs 97.8% estimatePlaced: 90% vs 92.1% estimateMarketed: 92% vs 92.4% estimate October leaned mildly bearish with heavier placements. November came in mildly bullish with lighter placements. Overall they mostly offset, so Monday should be neutral.
