Crude oil turns higher overnight, as an Iranian oil field is struck After a softer overnight trade, wheat and corn took a positive tone at the end of the night session, with soybeans returning to a mixed result and the bull spread continuing to unwind. The July/Nov bean spread is now $0.20 apart. Brazil’s soybean…
They Have and They Will Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1174520290 Grains: Corn and wheat continued to struggle following yesterday’s selling pressure while soybeans attempted a modest bounce. Trade sentiment remains negative after comments from President Trump delaying China talks roughly five weeks, though history suggests Chinese demand can quickly return….
Spec trade: Buy a July Bean at the MKT, 1177.4 last with a 1169 stop. Take profits at 1196. Potential turn around Taco Tuesday.
KC wheat firm on southern cold temps, soybeans lower as Trump threatens China meeting delay. The grain trade opened lower Sunday night, as Pres. Trump said he would be pressing China to help get the Strait of Hormuz open, and if China would not be helpful, he would likely delay his month-end meeting with Pres….
Consolidating trade of this week’s chaos is the order of the day. It has been quite a week, yet after all the chaos since last week Friday, this morning crude oil shows a gain on the week of $2.00, corn is near steady (new crop is a few pennies higher yet), wheat is softer, while…
Will Grains Correct? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1173039874 Corn Overnight strength from crude oil pushed corn higher before fading late in the session December corn briefly hit a new high at 4.95 but closed unchanged Market targeting a potential $5.10 objective based on the 35 cent breakout range Producers began small…
Cargill gains headlines on the soybean rally overnight. The grain trade when into the fall recovery mode overnight, led by soybeans. News surfaced yesterday afternoon and reignited what had becoming a problem over the past weekend. Brazilian soybean exports to China are encountering delays after the Brazilian Ministry of Agriculture introduced stricter phytosanitary inspections at…
Cattle In Trouble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1172701224 Soybeans Soybeans holding bullish structure after bouncing off support with potential Wave 4 consolidation forming. Market watching possible ABC corrective move before another upside push. Soybean oil leading the rally as prices push into key monthly retracement zone. Biofuel policy expectations including renewable…
The grain trade recovers as fertilizer becomes the topic of the day. The grain trade is under full recovery mode after two heavy days of selling after the Sunday night spike rally. The reality is, the Strait of Hormuz remains closed to traffic, which does not help fertilizer movement that is critical at this time…
It Remains About Oil Volatility Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1172312774 USDA WASDE Report The March WASDE report was largely a non event with very few meaningful changes. Soybean imports increased 5 million bushels while crush increased by the same amount, leaving ending stocks essentially unchanged. Most figures landed within trade expectations,…
