The current grain rally anticipates a Chinese/US trade resolution in two weeks. Grain futures got a boost overnight as it appears we have a framework for a trade deal with China that hopefully will be agreed to later this week when President Xi and President Trump meet. The trade deal has soybeans doing the heavy…
Just the Facts, Jack Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1130007234 Cattle: Cattle market weakens as Argentina’s beef import quota expands from 20,000 to 80,000 metric tons. Earlier 50% U.S. tariffs on Brazilian beef had boosted prices sharply, with imports dropping from 90,000 to 7,000 metric tons monthly. Fund liquidation accelerates as traders…
Hope builds for a Chinese resolution next week. Cattle lose their tariff support. Grains are firmer this morning, as we suggested in yesterday’s newsletter. Late afternoon trading in crude oil pushed sharply higher on the announcement of extreme sanctions against Russia’s main oil industry, which would at least lend support to the grains, which were…
Metals Lost Their Shine Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1129307227 Metals: Gold and silver pull back after an explosive seasonal rally from August to October Gold touched a high near $4398; silver peaked around $53.75 25% Fibonacci retracement aligns with 15-day moving average, suggesting potential minor bounce before further corrections Seasonal strength…
Chinese hopes support soybeans overnight. The overnight trade had soybeans maintaining strength from yesterday’s strong close on hopes of a Chinese breakthrough with the President. Trump’s recent comments that soybeans are at the top of his list currently, alongside other affected minerals, such as rare earth minerals, in his discussions with the President. Xi of…
Soybeans lead overnight gains. Grain prices spent most of the evening higher, with wheat and corn eventually turning slightly softer at the end of the morning session, while meal posted solid gains on further yield reports that continue to diminish. Also, Farm Journal conducted a survey and found that disease in dry conditions was very…
Can weekend harvest pressure cool the recent corn rally? Cattle futures set for lower opening. Grain futures are trading firmer again this morning, which runs counter to expectations given the strong harvest pace across much of the country. What’s driving the market higher is a steady stream of yield reports showing corn and soybean crops…
Something’s Happening Here Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1127990678 Corn Strong rebound off early-week lows near 4.10 Harvest roughly 50 percent complete Basis bids rising as end users chase corn Resistance near 4.29–4.31 could cap near-term rally Soybeans 75 percent harvested with tight farmer holding Lower highs pattern continues under 10.30 resistance…
Grains remain soft this morning. 🟢 Soybeans Higher, Corn Mixed, Wheat WeakerSoybeans posted solid overnight gains while corn futures traded mixed and wheat softened. The strength in soybeans continues to be tied to improving demand signals, while wheat futures remain under pressure from global supply competition. Fundamentally, not much has changed across the grain complex,…
Grains remain soft this morning. 🌾 Morning Market Outlook Corn, soybeans, and wheat are all trading lower to start the day, with soybeans leading the declines. The tone is being set by escalating tariff tensions between the US and China. The US is planning to impose a $50.00/metric ton fee on China-related vessels beginning tomorrow….
