Back To Work Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1165792218 Soybeans Soybeans pushed higher despite China being on Lunar holiday. March broke prior highs last week but stalled near the 78.6 percent retracement. July beans traded above our 1160 old crop sale zone, reaching toward the 88 percent retracement. No new high close….
China and South America are on holiday, trading volume is thin. The grain trade is soft this morning with soybean oil having recovered to a higher price, supporting beans. China is on holiday today as their celebration of the Lunar New year, while South America celebrates Fat Tuesday. Trading interest was low-volume overnight as we…
Markets are closed Monday, bringing about profit-taking from a strong week in grains. It’s been a very good week for grains, so profit-taking kicked in overnight, is not a surprise with a long weekend ahead, farmers are selling on this week’s rally, given it’s February, not a surprise there either. Markets will be closed on Monday…
More Chinese Hope Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1164486596 Soybeans: China trade talks spark optimism, lifting beans higherSouth American dryness persists, especially in Argentina and southern BrazilContinuation charts suggest potential for March contract to approach 1150 Wheat: Market breaks above 200-day moving averageMeasured move theory targets 570 area for Kansas City and…
New weekly highs for soybeans overnight. Traders challenge the USDA’s soybean carryout estimates. Soybeans lead overnight gains by gapping higher from yesterday’s strong close, as it was confirmed yesterday afternoon that China and the US will roll back tariffs likely ahead of the President. Trump’s visit to China is set to arrive on March 31,…
The grain trade has mixed price action overnight after yesterday’s WASDE crop report. We have a mixed trade this morning as the market has already put the February WASDE behind it, with little difficulty. The report delivered nothing unexpected and generated minimal follow through. On the domestic balance sheet, USDA adjusted corn exports higher by…
There Can Always Be a Surprise Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1163762923?share=copy&fl=sv&fe=ci Corn: USDA cut old crop carryout by 100 million bushels via higher exportsCarryout remains above 2.1 billion, limiting enthusiasmChina crop quality issues may boost imports later this springPotential rally window in March and AprilTechnical setup suggests possible move toward 450…
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.
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…
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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