Soybean Bears On Notice Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1161566685 Soybeans:Double barrel rally on strong crush numbers and tight soybean oil stocksPushed back over 1070 overnight200 day moving average holding as supportSpike low Monday recovering TuesdayArgentine weather concerns providing support Soybean Oil:Back to best levels of the year45Z biodiesel credit program entering…
Turnaround Tuesday did show up, led by soybeans. As I deduced in yesterday’s newsletter, a turnaround Tuesday was highly probable today, with soybean oil and soybeans getting a boost from a positive crush number yesterday. Not only was the crush just above expectations, but soybean oil stocks were revised lower back in the November numbers….
The grain trade slips below Friday’s lows but holds amid ongoing outside market influences. The grain trade pushed lower on Friday with the chaos and concern that the new potential Federal Reserve chair, Kevin Warsh, may be a fiscal hawk, unfounded for now, but it’s the momentum that goes with it. This selling continued overnight…
Cattle Inventory Report 1/30/26 All Cattle/ Calves 99.6 vs 99.7 estBeef Cows 99.0 vs 100.4 estDairy Cows 102.0 vs 101.1 estAnnual calf crop 98.4 vs 99.3 estReport is mostly neutral to pre report expectations.
Winter wheat values are challenging annual and 60-day highs. Grain futures are mixed this morning with wheat showing gains as corn and soybeans drift slightly from this past week’s lift. Wheat futures are following French milling wheat higher which is making new 2-month high. This is pulling US winter wheat values in a similar scenario,…
Do Or Die For The Dollar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1159820100 U.S. Dollar:Below long term trendlineThreatening key 95.85 supportWeakness encouraging fund short covering in grains Corn:Holding above 4.30 multiple sessionsResistance near 4.32 to 4.33Wave three structure developingPotential support from export demand including China Kansas City Wheat:Best close of week and yearStrongest…
Grains climb higher again overnight, as the U.S. dollar potentially breaks down on the monthly charts. Grains have created a morning event that has remained a constant: higher starts over the past week. The only question is: can the day-session seller vigilantes stall it out again? Meanwhile, gold adds another $200 in gains on the…
Grains rally as index funds find renewed interest in ownership. Corn, soybeans, and wheat are all seeing gains in overnight trade, boosted by renewed interest from managed money. However, the real momentum is in the metals market, gold has surged nearly $200 an ounce and silver is up over $7, driven by growing concerns over…
How A Breaking Dollar Affects Grains Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1158953541 US Dollar:Weekly and monthly charts show major weaknessPossible breakdown below long term support near 96Weaker dollar supportive for export driven commoditiesFederal Reserve meeting adds uncertainty Wheat:Kansas City wheat holding above 200 day moving averageThree consecutive closes near key resistanceSigns of…
Turnaround Tuesday looks promising for grains if the selling vigilantes can be pushed back on the day session opening. Grains are firmer this morning, in Turnaround-Tuesday style, and soybeans are ignoring yesterday’s outside-day lower close. (I discussed this in yesterday’s newsletter, how the outside-day movements don’t carry the leverage they used to years earlier, as…
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