China shopping for US soybeans? Corn continued its short covering for the third day overnight, while soybeans bounced off $10.00 on some chatter that China is shopping for soybeans off the Pacific Northwest. Freight rates reveal that someone is looking for something in that area. China currently has no corn, soybeans, or wheat bookings from…
Prospects of a Cattle Top and Corn Bottom Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1101660020?share=copy Corn Corn held late-session gains after Monday’s outside day upSugar import restrictions lifted sugar prices, slightly boosting HFCS demandFailed to hold above the 420 resistance markTechnicals show support near 408, with possible downside to 385Farmer selling likely paused…
Another soft trade greets the morning action grains. Improved crop ratings and generally favorable weather conditions across the US are putting early pressure on the market in Tuesday’s session. US corn continues to hold one of the best condition scores on record, while soybean ratings rose 4 points from last week. Spring wheat ratings also…
Grains reverse overnight weakness. The grain market opened softer overnight as expected, but corn and soybeans reached our targeted support zones along with wheat crowding last week’s support lows, found a short covering bounce that reversed all markets substantially off of overnight lows. The fears of the Mexican and Canadian tariff threats are a bit…
USDA WASDE Crop Acreage Report 7/11/25 Carryout numbers were slightly favorable for corn, not only domestically but also in the world stocks. However, they were ignored due to rising production perceptions. The rest of the data was close to pre-report estimates.
The July WASDE crop report is out at 11:00 CT today. This morning, the market is experiencing mild pressure in light, low-volume trade as participants make final adjustments ahead of the USDA’s WASDE report, set for release at 11:00 a.m. CT. No significant revisions are anticipated in the balance sheets, with most of the attention…
Cattle’s Top and Tumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1100413166/a0714a62cc?share=copy Cattle: USDA paused cattle imports after an animal was found north of infected zone, sparking panic buying.Feeder cattle hit new all-time highs at $326.87 on the spot contract, up $6 per cwt.Mexico’s president called the pause exaggerated, aiming to quickly reopen the…
Grains are mixed, and the Mexican border is again being closed to feeder cattle. Overnight grain trade had wheat posting modest gains while corn and soybeans softened, remaining near recent lows. Much of today’s trade will be spent getting final positions ahead of tomorrow’s WASDE report. No significant changes are expected to balance sheets, but…
Cattle continue to surge, while grains purge. Corn, soybeans, and wheat traded higher for much of the overnight session but slipped into negative territory by the close of night trading. The futures market appears to be losing momentum from bearish news, yet lacks a strong bullish catalyst to spark meaningful buying. The next potential trigger…
Cattle Surge While Grains Purge Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1099765367/a9dc65e8c6?share=copy Cattle Market: Strong rebound off last week’s lows after Mexican feeder cattle imports began July 7 Market reversed initial selloff as the news was already priced in Boxed beef values climbed again; packers profitable despite tight kills Goldman roll helped shift…
