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…
What the Trade War Is Doing To Grains The indiscriminate selling in the grain trade continues out of pure panic. The trade war with well advertised weeks ago, yet was ignored. Corn and wheat have production concerns growing around the world, even with 1/3 now of the Brazilian corn crop at risk to hot dry…
Tariffs are applied, and anticipated retaliation is occurring. This morning’s grain trade is sharply lower due to the application of tariffs against Mexico, Canada, and China, which was enacted this morning. This is generating new grain selling, with corn, soybean, and wheat futures all lower amid tariff retaliation. China retaliated in a measured fashion with…
After a firm night start, grains are mixed this morning. This morning’s grain trade shows wheat with penny gains, while row crops are lower by a few pennies. Trade awaits an announcement on the tariffs against Canada and Mexico by Tuesday midnight. Mexico is moving quickly on details that Commerce Sec. Howard let next that…
We shall see, but the February end of the month blowout could have pushed May corn and July corn to their 200-day MAs that could mark the bottom side of wave 4.
USDA economic relief payments are expected to be send out on March 17th-21st. FSA will be distributing the checks to the producers. PP acres will receive 50% of the full payment amount. Corn: $43.80 /acre Soybeans: $30.61 /acre Wheat: $31.80 /acre Cotton: $84.70 /acre Rice: $71.37 /acre
First notice day and the last trading day of the month bring a morning bounce in price. Markets are trading higher this morning, with wheat leading the way to start the day. Deliveries were light to non-existent but mainly applied to soybean oil and meal. With the calendar turning to March next week and the…
Why Did Wheat Collapse? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1061022838/b210df5f99?share=copy Grain Market Overview: USDA projected 94M corn acres, trend line yields, and 1.9B bushel carryout.Market reacted to rumors of a Russia-Ukraine peace deal.February selloff driven by algorithmic trading and technical levels. Russian & Ukrainian Grain Supply: Russia reducing wheat exports to 3M…
The grain trade is broadly mixed. Forum results out. This morning’s grain trade is mixed with soybeans showing gains of 6-8 cents, while the wheat trade has Chicago off 8 cents, Kansas down 6, and spring wheat off 2 cents. Corn lower by 3 cent after this morning’s initial acreage release from the USDA Ag…
The grain trade is mixed for Wednesday morning start. The overnight grain trade proved two-sided as early strength faded in the night, but by morning, corn again was challenging new session highs, with wheat following on a delayed Turnaround-Tuesday style. Typically, when grains are weak to start the week, there is a mid-week bounce before…
