Tonight’s grain trade is called higher on multiple factors. Tonight’s grain trade is expected to open higher, with soybeans 5–8 cents stronger and corn and wheat up 2–5 cents, supported by ongoing wet weather across the Central U.S. that continues to delay spring planting. Additionally, sentiment has improved following news that U.S. grain exports will…
Easter Hedger Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1076519022?share=copy Cattle: Cattle on Feed report near expectations at 98.2%; placements slightly above estimates may pressure feeders. Cash trade active at $210–$212; April contract aligns with cash. June cattle nearing 207 resistance; technicals suggest wave 2 correction likely. Long-term outlook remains bullish with wave 3…
Cattle On Feed On Feed: 98% vs 98.2% estimate Placed: 105% vs 103.4% estimate Marketed: 101% vs 100.7% estimate The report came out mostly neutral compared to pre-report estimates, though the feeder cattle number could be considered slightly negative.
Markets even up ahead of the three-day Easter weekend. This morning’s grain trade is firm. Wheat and soybeans are higher, while corn is steady-higher. A drier extended-range Midwest forecast offers active seeding in the 11-15-day window to help Midwest farmers get their crops seeded. The volume overnight was small as the market was winding down…
A possible blink by China on trade. This morning’s grain trade is higher after making new weekly lows in the night session. At around 3:30 a.m., grain prices abruptly turned higher as it was stated that China had appointed a new trade minister and that it was open to negotiations. They also stated that negotiations…
Wheat/ Cattle/ Oil Observations Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1075807517?share=copy CornMarket dipped after testing 62%-78% retracement levels.3-wave structure suggests potential for higher prices on third-day reversal.July contract could reach $5.05-$5.10.Farmer selling picked up ahead of fieldwork. Soybeans Two-day pullback after strong 65-cent rally.Holding above 100-day moving average; strength could resume.Soybean oil bullish…
A mixed grain trade starts Tuesday morning. This morning’s grain trade is mixed, with wheat and soybeans trading softer while corn remains firm. Corn is holding strong due to a slower-than-expected U.S. planting pace, with wet weather forecast across the Midwest following the Easter holiday weekend. While serious concern about spring seeding is still a…
HRW wheat is lower on potential rain after Easter. This morning’s grain trade is lower across the board, led mostly by losses in the wheat market due to potentially improving moisture for the HRW wheat belt over Easter weekend and into early next week. Meanwhile, soybeans are steady as non-Chinese buying continues to support the…
Wheat prices led the overnight recovery as soybeans challenged the 100-day MA. This morning’s grain trade is higher across the board, with wheat leading the gains due to dry weather in the Black Sea region. Notably, the U.S. dollar is trading below par (100.00) for the first time in three years. This represents a decline…
Post WASDE Report Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1074438122?share=copy Corn: WASDE cut U.S. corn ending stocks by 75 million bushels to 1.365 billion, much more than expectedMarket outlook targets July corn pushing into the $5.00–$5.50 range, weather permittingSpain recently purchased 240,000 MT of U.S. corn; export demand remains supportiveTechnical wave counts suggest…
