Corn
Spec trade: Buy a March corn at the MKT 443.4 last with a 436 stop.
Wheat
Spec Trade : Buy a March Chicago wheat at the market, 559.4 last with a 549 stop.
Morning Update
CONAB released the Brazil crop report, almost unchanged from last month. This morning’s trade is mixed with the weakness of a few pennies noted in the corn market. Cash flow needs and an overall improvement of cash values offered to farmers of a dollar a bushel or more in some locations since pre-harvest lows have…
Morning Update
Corn and wheat continue higher post-WASDE. This morning’s grain trade has corn pressing the October high this morning trading over 4.50 as they continue to respond to yesterday’s USDA report, which contained a bullish surprise for corn, with carryout coming in 200 million bushels lower than last month’s estimate and 168 million bushels below trader’s…
Market Quick Take
Post WASDE, Corn Climbs Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1037948799/901d792863?share=copy Corn: USDA lowered corn carryout by 200M bushels, sparking a rally.Exports adjusted up 150M bushels despite global challenges (e.g., Ukraine, Argentina).Rally likely to continue until April, with historical seasonal strength into spring. Soybeans: No major changes in USDA estimates; market remains stable.March…
USDA Report
USDA Report 12/10/24 Report was friendly for corn and wheat. The carryout on corn dropped below 1.8 billion bushels, falling below last years old crop carryout.
Morning Update
The November WASDE report is out at 11:00 CT a.m. today. This morning’s grain trade has soybeans leading any strength after seeing heavy selling yesterday hit after it climbed over 10.00 in the morning. What caused the selling yesterday morning was rumors circulating that Chinese buyers were looking to wash out purchases from the Pacific…
Morning Update
A firm trade this morning with soybeans challenging $10.00. This morning’s grain trade is higher across the board as further short covering and buying interest develops ahead of Tuesday’s WASDE Crop report. This week’s strength has numerous new inputs along with old ones to deal with. From the fall of the Assad regime in Syria…
Exit Long Corn
Spec trade: Exit long March corn at 443.4 GTC. Currently near 440.
Morning Update
The grain trade presses the week’s highs at the end of the week. This morning’s grain trade shows follow-through buying from yesterday’s strong price performance. Soybean oil supports soybeans regarding the strength maintained in Malaysian palm oil. Yesterday morning’s export sales figures put the week’s corn buying activity above what traders expected, with 1.7 million…