US Dollar Dominates Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1029792364/dfe87124b9?share=copy US Dollar Impact Surge in Value: Reached 106.99, near last year’s high, impacting commodity prices negatively.Historical Trend: October often marks market inflection points; potential for current dollar peak.Commodity Impact: Strong dollar challenges gold, soybeans, and other commodities, stalling rallies. SoybeansBearish Momentum: Falling below…
The US dollar overnight tags 106.99, tagging the November 1, 2023 high of 106.99. A lower grain trade this morning except for soybean oil recovering. Overnight US dollar rose to a one year high at 106.99, driven by thoughts we will see growth but also inflationary pressure when looking at the economic policies we are…
Wheat futures lead overnight weakness. This morning’s grain trade is softer led again by wheat, as French milling wheat breaks to new three-week lows, but still well above its August low. Russia continues to reach for market share even though supplies will dwindle at the year’s end. Much of the pressure seen yesterday in soybeans…
Trump Traders At It Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1028983558/87bdbd0106?share=copy Corn November crop production data reduced corn yield estimates from August projections.Corn saw a minor pullback after recent gains, indicating possible stability.Technical indicators suggest upward momentum, especially with wave dynamics at play.Watch for potential ethanol news influencing corn’s trend. Soybeans Soybeans…
Spec trade: Buy a December corn at 425.2 GTC with a 417.4 stop.
Spec trade: Buy Two December Micro-Gold at the market, 2606 last with a 2548 stop. See chart below.
Soybean oil corrects while corn returns to its highs. After a softer night session, corn has returned to the highs seen in the post-November crop production report. Having absorbed heavy farmer selling, it looks poised to travel higher yet still on strong exports. Today, we will get updated export inspections by midday after they were…
China canceled soybean auction. This morning’s grain trade has wheat on the defensive challenging multi-week lows, while soybean futures recovered higher overnight, as China had canceled the auction planned that was going to roll out 2 MMT of imported soybeans, citing technical issues. On Friday soybeans had stumbled after the friendly news for soybeans production…
USDA Report 11/8/24 Standout data from the report was the soybean yield declined 51.7 bu. acre, this surprisingly lowered the soybean carryout by 65 million bu. Other data was close to pre report estimates.
November WASDE crop report out at 11:00 a.m. today Today’s November USDA crop report is out at 11:00 a.m., and traders are anticipating some minor cuts to production, especially in soybeans, with small cuts to ending stocks expected for corn and soybeans. There has been a debate over the impact incredibly dry conditions at harvest…