USDA Report
USDA WASDE Grain Stocks Report 2/10/26 The report is slightly friendly to corn, both domestically and in its estimate of the Brazilian crop.
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Morning Update
Here comes turnaround Tuesday. Can it hold through the day session? Turnaround Tuesday showed up on time early this morning, as the grain trade has a firm footing heading into today’s WASDE crop report out at 11:00 a.m. CT. Domestic carryout numbers look to be mostly unchanged, but it’s the world balance sheet numbers that…
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Morning Update
This morning’s grain trade is lightly mixed as it consolidates last week’s gains. The overnight grain trade was softer, as the market consolidated last week’s strong gains. Yet by morning trade was mixed at the end of the night session. The US dollar is weaker by $0.60 and back below 97.00 while gold and silver…
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Morning Update
Overnight grain trade consolidates recent sharp advance for the week. Strong weekly chart closes are in the works if the trade just consolidates this week’s excitement. The grain trade consolidated yesterday’s sharp gains, with mixed trading overnight. The night session trading was lower, but by morning, soybeans reached new highs above Wednesday’s spike high. The…
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Market Quick Take
Nobody Believes It Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1162272153 Soybeans China likely to buy 8 million metric tonsPotential rapid purchasing similar to prior dealsCarryout could fall below 150 million bushelsTargets at 12 to possibly 13Wave three technical structure intact Soybean Meal Rising as crush tightensNext leadership phase after oil peakTargets above 330Supports…
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Morning Update
Soybeans recovered back above 11.00 overnight, with the grain trade still not convinced of more substantial sales Grain futures had soybeans adding back to its gains overnight, putting it back over 11.00 after Pres. Trump’s announcement yesterday that China would buy another eight MMTs of beans this crop year. Logistics of adding 294 Mil Bu…
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Morning Update
Grains retreat from Tuesday’s bounce in price. The grain trade had experienced a firm start in the night session, but as the session progressed, prices eroded. Soybeans drifted as what was supposed to be widely scattered showers developed into a rain-producing thunderstorm in the region of Southern Cordoba/Northern La Pampa into Western Buenos Aires province,…
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Market Quick Take
Soybean Bears On Notice Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1161566685 Soybeans:Double barrel rally on strong crush numbers and tight soybean oil stocksPushed back over 1070 overnight200 day moving average holding as supportSpike low Monday recovering TuesdayArgentine weather concerns providing support Soybean Oil:Back to best levels of the year45Z biodiesel credit program entering…
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Morning Update
Turnaround Tuesday did show up, led by soybeans. As I deduced in yesterday’s newsletter, a turnaround Tuesday was highly probable today, with soybean oil and soybeans getting a boost from a positive crush number yesterday. Not only was the crush just above expectations, but soybean oil stocks were revised lower back in the November numbers….
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Morning Update
The grain trade slips below Friday’s lows but holds amid ongoing outside market influences. The grain trade pushed lower on Friday with the chaos and concern that the new potential Federal Reserve chair, Kevin Warsh, may be a fiscal hawk, unfounded for now, but it’s the momentum that goes with it. This selling continued overnight…