Cattle On Feed Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1067875480?share=copy Cattle Market: New contract highs driven by tight supply and strong index fund interest.Bullish cattle on feed report with year-on-year feed and placement figures.Feeder cattle indices nearing $286, highlighting strong market premiums. Weather and Crop Conditions: Western Corn Belt experiencing 53% drought…
Corn is higher on strong exports while wheat disappoints. This morning, the grain trade has corn higher while soybeans and wheat relax. Export sales data out this morning had corn at 1.5 MMTs, near the high end of expectations. The wheat trade had seen cancellations in the old crop status of seven -248,000 MTs, while…
The grain trade relaxes midweek. Grain futures are softer across the board this morning, consistent with early-week strength that gets checked midweek. The HRW wheat belt will be arid for the next 10 days, while forecast models are at odds with playing with moisture potential forecast in the 11-15 day window. This will be the…
KC Wheat Takes A Nap Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1067091522?share=copy Kansas City Wheat:Gained $0.40 per bushel since March 4th low, nearing 78% retracement after clearing moving average resistance.Typical trading cycle: peaks Tuesday morning, dips by Thursday, potential rally on Fridays.Heat anomalies and below-normal temps in the US Plains; dryness in Russia,…
HRW wheat ratings declined with more losses anticipated this week. Grain futures have wheat and soybeans gaining this morning, along with gold making new all-time highs to 3040 as the US dollar stays near one 03. Kansas City wheat ratings declined, with the good/excellent ratings falling 4% to 48% from the prior week, while Texas…
Wheat again leads overnight strength with sharply higher gains. The overnight grain trade saw wheat trade sharply higher, pulling corn and soybeans in its wake. The dry windy conditions across the HRW wheat belt over the weekend along with India and its neighbors also seeing dry conditions exasperated by heat as they enter grain fill,…
Wheat Surge In The Making Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1065620601/fd5bc96c10?share=copy Grain Stocks and USDA Report: Corn ending stocks unchanged at 1.507 billion bushels, despite expectations for a reduction.Soybean ending stocks held steady at 380 million bushels; no changes from last month.Wheat stocks increased by 25 million bushels due to slower exports,…
Grains recovers smartly from Wednesday’s sharp losses. This morning’s grain trade is higher across the board with soybeans leading the advance along with Kansas City wheat on dry windy weather concerns in the HRW wheat belt. Soybeans are finding strength off of soybean meal, helping produce major support in the 9.94-10.00 price range for beans…
Europe applies tariffs, turning corn and beans lower overnight. This morning’s grain trade is lower after yesterday’s WASDE report failed to lower corn carryout close to 1.5 Bil when many were expecting they would increase the grind by 25 Mil Bu and also boost exports. Instead, the USDA chose to kick the can down the…
Post WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1064823374?share=copy Grain Stocks and USDA Report: Corn ending stocks unchanged at 1.507 billion bushels, despite expectations for a reduction.Soybean ending stocks held steady at 380 million bushels; no changes from last month.Wheat stocks increased by 25 million bushels due to slower exports, more than expected.World…
