Pres. Trump and Pres. Xi of China break bread. Optics occur today. Grain Overview The night grain trade was mostly supportive after an initial lower start when it was announced the trade deal with China will only run for two months (Nov. 10 to Jan. 10) and then have to be renewed. The knee-jerk reaction…
The overnight grain trade weakens on continued hopes of peace. Grain Overview After Monday’s sharp rally, the grain trade continues into today’s sharp price correction as the talk of peace continues. Reportedly, US Sec. of State Marco Rubio will meet Russian Foreign Minister Sergey Lavrov in New York City this morning. The market will be…
Everybody Talks Peace, Yet Wars Continue Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1229309836/62adb7eab3 🌽 CornCorn followed crude oil lower into the close after trading near $5.41.European corn surged again and sits near contract highs.Their crop may be roughly 15 MMT below earlier expectations.We still believe corn is working through Wave 5 with upside…
Another Iranian peace claim plummets oil overnight, but this time, drags grains with it. Grain Overview Crude oil prices broke sharply again overnight for the second day in a row, dragging grain values lower in its wake, which is unlike yesterday. Iran announced they would open the Strait of Hormuz within seven days if the…
Grains get support overnight on several fronts. Grain Overview Grain futures opened higher last night, with wheat and corn prices seeing their opening strength extend on several fronts. Sec. of the Treasury Bessent acknowledged positive outcomes with his Chinese counterparts as the trade deal is coming together. This likely means a soon-to-be-announced reduction in the…
Cattle On Feed Cattle on Feed Reports usually aren’t far off the mark, but the September report put placement numbers well below average trade guesses. All three categories were friendly to pre-report guesses. Given recent market weakness look for a higher opening, barring outside events, when trading resumes on Monday.
Harvest pressure and US/China Summit hopes are weekend topics. Grain Overview Unlike previous nights this week, grain futures were mostly lower overnight (even soybean meal, which has been exploding daily), but true to form, they reversed their overnight trend around 4:00 a.m. CT, which has typically been the reversal of night trading action over the…
The Cattle Crumble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1227856424/2907de4e57 🐄 CattleCattle have broken hard after last week’s rally.Santa Teresa remains on track to reopen September 24.That has weighed most heavily on deferred feeder cattle.We still think the major fall low may already be behind us.December live cattle could test the 212–215 area…
Soybean Observation For You Observation on Soybeans for you. Over the last year, every 60-days soybeans like to make a mid-month turn. Six of last the seven have been a high. Is it possible we have just seen a high for a while? Especially ahead of next week’s summit? I’ll let you decide. We increased…
You are signed up for a 30 day free trial of the Heartland Newsletter.
Check your email to make sure you you got the welcome email.
