Friday’s day session gets underway with mixed expectations. After a mostly softer night trade, grains went out with a mixed morning close. Some of today’s trade will be positioning ahead of the next two weeks, with possible short-covering developing in soybeans and wheat. Corn is maintaining its strength on the week as ethanol margins remain…
Corn Comes Alive Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1147817234 Live CattleCash disappointed near 228 in Nebraska versus earlier hopesBoard stalled near the gap with Fibonacci resistance226 support held on the 75 day averageFailure below 226 risks a slide toward 222Seasonally difficult window to be short cattle Feeder CattleEarly losses recovered to hold…
Corn maintained strength overnight on rumored Chinese buying interest. This morning’s grain trade had the morning session, and with corn again leading the strength, followed by HRW wheat. Soybeans were steady. Export sales numbers this morning were solid, with corn at 1.792 MMTs and soybeans at 1.106 MMTs. Corn continues to impress not only with…
Grain Washout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1147109632 WheatChina reportedly washed out Gulf soft red winter wheat purchases from late NovemberChicago wheat made a new contract low but did not close at the lowTechnicals show a possible wave two washout near a 786 retracementFailure above the 200 day moving average accelerated liquidationWednesday…
Wheat continues on retreat despite further attacks on Russian oil infrastructure. Putin is quiet about any retaliation, even though he threatened it weeks ago. Overnight futures trade was narrowly mixed, with grains trending slightly lower while soybeans posted modest gains. As expected, much of this movement stems from end-of-month, quarter, and year positioning. With this…
Soybeans find a steady start to the morning for the first time in two weeks. Corn and soybeans are trading narrowly mixed in the overnight session, while wheat is facing a bit more selling pressure. News flow remains light and is expected to stay that way through much of the week. Today brings the November…
Corn is set to close steady to better on the week, while wheat and soybeans are lower. The grain trade is softer this morning, despite what would’ve been considered productive closes yesterday in corn and wheat, especially after wheat closed positively yesterday after the Rosario Grain Exchange raised its wheat estimate to 27.7 MMTs. This…
Don’t Poke The Bear Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1145749134 Corn: Closed firm with strong finish.Wave three triggers above 452 and a quarter with targets toward 466 to 470.Weekly trend remains higher since early October.January USDA report could lower yields and raise demand.Dollar weakness adds tailwind. Soybeans: January beans still vulnerable to…
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