Cattle kicks higher, Grains hold the line Cattle rebound sharply but face resistance amid Brazil tariff uncertainty, soybeans eye higher highs, corn stabilizes ahead of USDA, wheat reverses cycle low, crude oil rebounds toward $63 resistance. Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1135883559 Macro Market Recap Cattle:Feeder cattle surged early but closed weak…
Trump’s tariff repeal has the grain trade on edge. This morning’s grain trade has wheat and corn on the softer side, while soybeans are trying to consolidate and recover from Thursday’s sharp losses. Soybeans are trying to find a footing on the hope that Chinese business will continue according to the trade agreement, whether by continuing…
Are We There Yet? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1134372474 Market Overview: Broad selloff across commodities and equities tied to uncertainty over Supreme Court hearings on Trump-era tariffs. Risk-off sentiment weighed on soybeans, corn, wheat, and cattle. Soybeans: Wave-three rally peaked near $11.36 Fibonacci target. Current correction likely wave four with support…
The market is softening from an early-month high pricing push. Grain futures are soft this morning after advancing into the opening part of the month. The current up run appears to have created a high watermark, prompting a corrective price action. China purchased 120,000 MTs of wheat (one cargo of white wheat and one of…
Soybeans bounce overnight on Chinese tariff reduction for November 10. The soy complex is seeing a moderate recovery this morning after yesterday’s selling proved to be overdone. Much of the pressure on soybeans yesterday came from profit-taking, especially in meal following a $52 rally. Overnight, soybeans retested Monday’s highs after news that China suspended its…
No News Is Bad News Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1133612138 Soybeans: Recent rally of $1.25 since early October may have peaked short term. Support seen at 1112½ with possible pullback toward 1090–1100. Long-term target still $11.91–$12 if wave pattern holds. Corn: Harvest estimated 85% complete. Selling pressure likely fades post-Friday. Market…
Turnaround-Tuesday is underway row crops today. This morning’s grain trade is seeing profit-taking develop in soybeans and corn for a Turnaround-Tuesday after their spectacular run the past two weeks while wheat is mixed after its recent surge. Yesterday was first trading day of the month, classic for a surge into it to stall. News that…
Grains push new recovery highs overnight for wheat and beans. Corn, soybeans, and wheat are starting the week on firmer footing as light new-month buying emerges. A key driver behind the strength is easing trade tensions with China. After several months of silence, China reportedly purchased seven cargoes of U.S. soybeans last week and showed…
