Grain and Cattle Trends Presented by Heartland Investor Capital Management Inc. CTA We apologize, but due to a recording issue with our charting software, today’s video is missing the chart drawings normally shown during the analysis. https://vimeo.com/1132274814 Soybeans: China to buy up to 12 MMT by year-end and 25 MMT annually for three yearsMarket eyes…
China to buy 12 MMT of beans this year and 25 MMT the next 3 years. It was a wild and woolly night session as overnight grain strength initially faded after testing midweek highs. The momentum collapsed once the U.S.–China meeting concluded without meaningful detail. The market quickly fell into a “buy the rumor, sell the…
Grains stall awaiting the meeting this evening in South Korea. Grain futures are under pressure this morning as profit-taking kicks in after a string of strong sessions. Corn, soybeans, and wheat had recently attracted fresh buying interest, but that momentum has now drawn some weak longs into the market, many of whom are now being…
Grains & Cattle Will They Or Won’t They Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1131455531 Corn: Early strength faded on profit-taking after reaching key resistance at 436 Wave three rally remains intact with possible retest near 442–445 if Trump-Xi meeting goes smoothly Potential pullback to 423–425 area seen as part of wave four…
Grains keep climbing, and feeder cattle should trade today. The grain market followed through overnight with further gains, with soybeans again pushing double-digit strength on improving trade relations with China. But we still have not seen details of the framework with China. The bottom line is that if they buy any soybeans, it is more than…
The current grain rally anticipates a Chinese/US trade resolution in two weeks. Grain futures got a boost overnight as it appears we have a framework for a trade deal with China that hopefully will be agreed to later this week when President Xi and President Trump meet. The trade deal has soybeans doing the heavy…
Just the Facts, Jack Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1130007234 Cattle: Cattle market weakens as Argentina’s beef import quota expands from 20,000 to 80,000 metric tons. Earlier 50% U.S. tariffs on Brazilian beef had boosted prices sharply, with imports dropping from 90,000 to 7,000 metric tons monthly. Fund liquidation accelerates as traders…
Hope builds for a Chinese resolution next week. Cattle lose their tariff support. Grains are firmer this morning, as we suggested in yesterday’s newsletter. Late afternoon trading in crude oil pushed sharply higher on the announcement of extreme sanctions against Russia’s main oil industry, which would at least lend support to the grains, which were…
Metals Lost Their Shine Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1129307227 Metals: Gold and silver pull back after an explosive seasonal rally from August to October Gold touched a high near $4398; silver peaked around $53.75 25% Fibonacci retracement aligns with 15-day moving average, suggesting potential minor bounce before further corrections Seasonal strength…
Chinese hopes support soybeans overnight. The overnight trade had soybeans maintaining strength from yesterday’s strong close on hopes of a Chinese breakthrough with the President. Trump’s recent comments that soybeans are at the top of his list currently, alongside other affected minerals, such as rare earth minerals, in his discussions with the President. Xi of…
