June 30th Crop Report Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096707782?share=copy Corn: Market remains lower since Sunday night, erasing last week’s bounce July contract first notice date is Monday; must exit by Friday Corn stocks expected lower year-over-year, matching expectations Monday’s acreage estimate averages 95.35 million acres; if it hits 96, it’s…
Hogs and Pigs 6/26/25 All Hogs and Pigs: 100.3 vs 99.6 estimate Kept For Breeding: 99.5 vs 100.0 estimateKept For Marketing: 100.4 vs 99.6 estimate Report came out neutral to pre-report estimates.
Mixed overnight trade. Futures spent much of the overnight session on the plus side, but drifted lower as trade wound down for the morning break. Short covering gave the market its overnight strength, but fresh buying will be needed to reverse our current market trend. Fresh news is relatively thin this morning, but we will…
Grains drift on a lack of buying interest. Grain futures are softer again this morning as the market continues to struggle with a lack of fresh bullish news to attract buyers. With next Monday’s USDA reports approaching, along with month-end and quarter-end positioning, there appears to be little appetite for establishing new futures positions. Favorable…
What Can Change The Tide? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1096041249?share=copy Corn Crop ratings 2% below trade expectations Crude oil collapse pulling ethanol and corn lower No current weather threats ahead of July 4 Soybeans Soybean oil sharply lower, back to last week’s lows Biofuel weakness weighing heavily on soybeans Crop ratings…
More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…
More risk-off trade overnight with a cease-fire. Grain futures continued to post losses overnight, pressured by broader market weakness as a cease-fire was announced yesterday. Gold tumbled another $72, while crude oil fell an additional $3.00 after yesterday’s steep decline. The sharp energy sell-off followed news of a cease-fire between Iran and Israel, which has…
Grains retreat after an overnight higher start. Grain futures opened higher overnight, supported by a strong start in crude oil, but similar to energy, the market reaction faded into the evening. As noted in yesterday afternoon’s report, a higher crude oil open was anticipated due to threats of closing the Strait of Hormuz, a key…
Cattle On Feed On Feed: 99% vs 98.9% estimate Placed: 92% vs 94.1% estimate Marketed: 90% vs 90.7% estimate The placement numbers were slightly lighter than pre-report estimates, alongside marketing being softer than expected. We anticipate a firmer start on feeders, barring any outside events.
Wheat retreats modestly while corn and soybeans continue with gains to end the week. Not much has changed fundamentally in the past 24 hours, with weather and geopolitical developments remaining the primary factors in price discovery. Wheat prices are retreating modestly after Wednesday’s large surge, as world markets are now catching up and reacting to…
