Argentine Rain’s in Focus Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1047612534/d6402016b2?share=copy Soybean Market: Rain in Argentina and southern Brazil triggered a 50-cent market pullback after recent 70-cent gains.Key support lies at $10.16; failure risks further declines.Reduced U.S. soybean acres could tighten domestic carryouts below 300 million bushels, driving potential June-July weather-driven rallies. Corn…
The grain trade is firm in the overnight. This morning’s grain trade is firm to a few pennies higher in the overnight session. Argentina’s rain forecast competeing models cannot agree on whether the rain events January 19-24 are widespread rain showers or more of the soaking kind. The EU model is the one that is…
Grains, Oil, and Cattle Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1046903102/c27dc1217b?share=copy Corn: Reached $4.80 before a retreat on Turnaround Tuesday. Wave three remains intact, with potential for new highs pending export sales. Anticipated rally depends on South American conditions or Chinese buying. Soybeans: Climbed to $10.64, nearly $1 higher since Christmas, before pulling…
Yesterday’s COT report shows corn longs have turned around 600,000 contracts from their August short. This morning’s grain trade has a light Turnaround-Tuesday going for soybeans and corn while wheat tries to find traction on further short covering from yesterday’s trade. The COT report was released Monday afternoon, delayed from its normal Friday release, due…
New recovery highs were found overnight, with selling developing late in the morning. This morning’s grain trade is again higher, though soybeans have relaxed about a dime off of overnight highs. Friday’s yield drop came from the NAS S adjusting seed moisture back to 15-15.5% in corn and 13-13.5% in soybeans on its operational fields….
USDA Report 1/10/25 Report was Bullish, both corn and soybean yield estimates were well below average guesses. Corn was below the lowest estimate. Data, friendly for corn and soy beans, while wheat acreage was higher than the average guess.
WASDE crop report at 11:00 CT today. Corn and soybeans are higher this morning, led by a sharply higher soybean all market, as the Treasury Department is expected to release their in-term guidance on the clean fuel tax credit, 45Z. These guidelines have been awaited for months as they could allow the US biofuel industry…
USDA Preview & Cattle Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1045464716/f8dd5a2188?share=copy Crop Production Report: Corn yield expected at 182.7, still above record 177.3.Carryout estimates reduced to 1.674 billion; lower demand adjustments unlikely.Bean yields vary widely; tighter stocks could support prices. South American Weather: Argentina faces extreme heat (100-105°F), delaying vital rain.Brazil’s crop also…
Grain and livestock futures close at 12:15 CT today. This morning’s grain trade is mixed with corn showing a penny gain while wheat futures are steady-one penny lower. Soybeans are off 3-4 cents as they recover from overnight selling as the long-term weather models maintain hope for moisture in the dry southern Brazil and Argentine…
