A possible blink by China on trade. This morning’s grain trade is higher after making new weekly lows in the night session. At around 3:30 a.m., grain prices abruptly turned higher as it was stated that China had appointed a new trade minister and that it was open to negotiations. They also stated that negotiations…
Wheat/ Cattle/ Oil Observations Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1075807517?share=copy CornMarket dipped after testing 62%-78% retracement levels.3-wave structure suggests potential for higher prices on third-day reversal.July contract could reach $5.05-$5.10.Farmer selling picked up ahead of fieldwork. Soybeans Two-day pullback after strong 65-cent rally.Holding above 100-day moving average; strength could resume.Soybean oil bullish…
A mixed grain trade starts Tuesday morning. This morning’s grain trade is mixed, with wheat and soybeans trading softer while corn remains firm. Corn is holding strong due to a slower-than-expected U.S. planting pace, with wet weather forecast across the Midwest following the Easter holiday weekend. While serious concern about spring seeding is still a…
HRW wheat is lower on potential rain after Easter. This morning’s grain trade is lower across the board, led mostly by losses in the wheat market due to potentially improving moisture for the HRW wheat belt over Easter weekend and into early next week. Meanwhile, soybeans are steady as non-Chinese buying continues to support the…
Wheat prices led the overnight recovery as soybeans challenged the 100-day MA. This morning’s grain trade is higher across the board, with wheat leading the gains due to dry weather in the Black Sea region. Notably, the U.S. dollar is trading below par (100.00) for the first time in three years. This represents a decline…
Post WASDE Report Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1074438122?share=copy Corn: WASDE cut U.S. corn ending stocks by 75 million bushels to 1.365 billion, much more than expectedMarket outlook targets July corn pushing into the $5.00–$5.50 range, weather permittingSpain recently purchased 240,000 MT of U.S. corn; export demand remains supportiveTechnical wave counts suggest…
USDA WASDE Crop Report 4/10/25 The report was friendly for U.S. corn and soybeans carryout numbers and slightly negative for wheat.
April WASDE crop report out at 11:00 CT a.m. today. Grain futures are higher this morning, extending yesterday’s gains, as Trump pauses new tariffs for 90 days a move likely to allow for normal grain flows into mid-summer. Active export sales numbers continue to suggest that the USDA may be underestimating total corn supplies. All…
Trump Trumps China Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1074069497/9c733af30e?share=copy Market Reaction to Trump’s Tweet: Trump’s tweet imposed a 125% tariff on China and lowered tariffs on 75 other countriesMarkets reversed sharply, with NASDAQ posting a 9% gainCorn and other commodities rallied after floundering earlier in the week Corn Market and USDA Expectations:…
China places countervailing tariffs on the US of 84%. Grain prices were firmer overnight. Then, at 6 AM, when China announced their countervailing tariffs of 84% on US goods, they dipped too unchanged to slightly lower. They quickly recovered and are now headed out near the session’s best levels. This marks the third day in…
