USDA Report 3/11/25 The ending stocks were left unchanged for corn and soybeans but raised by 25 million bushels on wheat. World stock numbers were friendly for soybeans while slightly negative for the wheat trade. Corn and soybeans are still holding gains on the session while wheat retreats from recent strength.
March WASDE data out at 11:00 a.m. CDT. Row crop prices are higher this morning while wheat is softer in classic Turnaround-Tuesday style ahead of today’s March WASDE Crop Report at 11:00 a.m. CDT. Bloomberg is out reporting that trade talks between the US and China are occurring at lower levels of both governments which…
Dryness in the Plains lifts wheat overnight. This morning’s grain trade is mostly higher led by the wheat trade gaining .08-$0.10 on the winter wheat contracts on dry plains weather. Soybean oil is sharply lower as canola oil has been limit down and is currently trading just above limit down on the May canola contract…
Key Levels For a Bullish Reversal in Grain Corn, soybeans, and wheat are currently on track to set up a bullish weekly reversal from the early-week washout. A weekly reversal to the upside is very significant in indicating that an early March low is raw value, with strength in the coming weeks in play. To…
The Friday grain trade is starting soft. A higher close today could create a higher weekly reversal. This morning grain trade is softer by pennies for corn and soybeans, while the wheat trade retreats from trading $1.00 over corn. The wheat/corn spread should find support in the $0.80 range with weather conditions across the Black…
Will The 2-Day Recovery Hold? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1063328529/2702f7f0a3?share=copy Corn: Rally sparked by delayed Mexican tariffs, supporting market optimism.Strong demand from major buyers amid limited global supply alternatives.Technical rebound above key moving averages signals bullish sentiment. Soybeans: Potential for upward movement with resistance at 1042-1048 levels.Strong South American basis and…
The grain trade awaits talks between the US/Mexico today. The overnight grain trade was mostly higher on further short covering from Wednesday’s positive session. The trade retreated gains this morning before the close as the market awaits Pres. Trump’s talks with Mexican President Sheinbaum. The market is anticipating that there will be modifications to the…
Spec Trade: Buy 2 May Mini-Chicago Wheat at the MKT, 547.2 last with a 525 stop.
Relief rally occurs overnight in grains. The grain trade is higher this morning, as it has been on numerous mornings since its nine-day freefall and is now bouncing from extreme oversold conditions. Corn, wheat and soybeans all are roughly $0.15 off their freefall lows traded Tuesday midmorning. The minor bounce that is currently being experienced…
Tariff Chaos Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1062559424?share=copy Corn: Corn market experiencing free fall due to tight stocks and global supply constraints. Mexican demand remains robust despite tariffs. Significant drought impacting a third of the top corn crop. Chaotic market conditions despite anticipated stability around the 200-day moving average. Cattle: Cattle market…
