When Is ‘Big’ Big Enough? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1107521111 Corn: StoneX pegs yield at 188.1 bpa, higher than expectedOther models showing 184–186, AI models even higherHeat seen in Kansas/Nebraska but mostly irrigatedEuro model adds light Midwest heat Aug 15–18Rain stays in forecast, no major “dome of doom”Corn sliding toward $4;…
Soybeans challenged $10.00 despite high yield guesses. This morning’s grain trade is mixed/higher with soybeans leading the recovery. After StoneX released its highly expected large yield, and did not disappoint, they put out a yield of 188.1 BPA on corn and 53.6 BPA for beans. The market had already anticipated a high corn yield, so…
OPEC increases oil production over the weekend. Grains are mixed this morning, with wheat turning slightly higher on a weakening US dollar that continues to soften from Friday’s jobs number. French milling wheat again is firm this morning, up $2.25 a metric ton at $196.75. This will likely cause interest rates to be pushed lower…
It’s the first trading day of the month, and tariffs are underway. A mostly softer trade overnight with beans and wheat in the lows of where they ended July, while corn maintains moderate strength off the July lows. The calendar flipped to August, but so far, it has not brought buyers to the market. The…
Feeders Flame Out Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1106245253 Feeder Cattle: Outside day down posted, signaling potential near-term trend change Hit and rejected 340.10 high, above prior 337 target Extension math shows measured move target was 340.70 Support zones seen at 329 (17-day MA) and 325.5 (38% retracement) Possible wave A down…
A soft tone greets the last trading day of the month. Futures were narrowly mixed overnight, with month-end positioning being a primary focal point. The August contracts went into delivery overnight, and numbers were mostly as expected. Soybean deliveries were a little lighter than anticipated, which is positive. The fresh news is very thin this…
Grain prices continue to slip lower this week seasonally. Grain prices are mixed to softer as attention remains on the weather and the finish of the growing season. Heat is breaking down across the Corn Belt, and rains are following it. Severe storms hit parts of the Midwest overnight, causing localized crop damage. While this…
This Feeder Cattle Run Is On Fire. Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1105591857 Feeder Cattle: Vertical bull run continues, achieving target of 337Current leg matches golden ratio extension from prior waveAcceleration phase lacks a true “thrust” breakoutOnly four days in July saw a lower low vs. prior sessionWeekly chart shows extreme parabolic…
The grain trade awaits China’s 90-day extension due out during market hours. The grain trade is softer this morning, with wheat doing the give up, as French milling wheat retreats from yesterday’s gains, and US values follow suit. Meanwhile, corn and soybeans hold a penny loss. Yesterday’s crop ratings had corn dipping 73% from the…
Interesting observation. French milling wheat is producing an out-side day up. Supporting US values.
