A lower grain trade starts early week trading. This morning’s grain trade is mostly softer, except for Minneapolis wheat, which shows slight gains of a penny or two. Last night’s market opening was influenced by a sharp drop in crude oil after Saudi Arabia announced plans to push OPEC’s oil production up by 2.2 million…
Grain prices firm on thawing Chinese/US relations. Grain prices firmed overnight as news sources on Twitter and major media outlets reported that the Chinese Commerce Ministry is discussing the possibility of trade talks with Washington. The grain market is gaining strength on hopes that the tariff battles will de-escalate and signs of potential progress soon….
May Day In The Cattle? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1080637529?share=copy Live Cattle Market opened higher but reversed, closing lower despite strong cash trade reports up to $224.June contract reflects Texas pricing; market skeptical of Northern highs.Outside-day down pattern from April 30 signals possible trend exhaustion. Feeder Cattle Almost formed outside-day down;…
The grain trade is starting firmer this morning, corn having good export sales. This morning’s grain trade is steady and firm, with corn building on its recovery from the lows seen on the first notice day yesterday. Export sales reported a solid 1 million metric tons, continuing to outpace USDA expectations, prompting adjustments to export…
First notice day deliveries are mostly soybean oil and meal. This morning’s grain trade is mixed. Soybeans are posting losses of nearly $0.10, driven in part by deliveries of 852 contracts in soybean oil and 629 contracts in soybean meal. Kansas City wheat saw 430 contracts delivered, compared to just 88 contracts for Chicago wheat….
First Notice Day Washout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1079944395/487646ac05?share=copy Corn Market fell sharply despite 120,000 MT sale to Spain.Planting progress near 25% pressured old crop premiums.Safrinha crop receiving moisture, further dampening old crop urgency.December corn nearing 78% retracement; support near $4.60.Summer rally now hinges on heat/dryness threats to yield. Soybeans 110,000…
First notice day for May grain contracts is Wednesday. This morning’s grain trade is mixed with wheat, leading the recovery after the heavy selling experienced yesterday and the low of new contracts. Turnaround Tuesday is set there as strength is led by the May Minneapolis wheat contracts, which are set to rise by over $0.14…
Options expire for May grain contracts today. Grain futures are trading mixed this morning after trending higher for most of the overnight session. Soybeans extended their recent rally, decisively breaking above the 200-day moving average. This move was supported by news that Japan will include soybean purchases in its ongoing tariff negotiations—a significant development, as Japan…
Beans Breakout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1078439740?share=copy Corn: Export sales remain strong; USDA may be underestimating by ~100 million bushels.Carryout could tighten to 1.3 billion, driving summer volatility.Wave 4 technical correction complete; setting up for potential Wave 5 rally.Resistance around 470 on December corn if weather adds fuel. Soybeans: Likely export…
Soybeans again lead the overnight Strength. Grain markets are mixed this morning, with soybeans maintaining strength seen earlier this week and corn rebounding after several days of losses. Meanwhile, Kansas City and Minneapolis wheat contracts are softer, reflecting beneficial rains in Kansas and anticipated moisture in the drought-affected Northern Plains, especially North Dakota, which has…
