End Of The Month Grain Swing Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1060249202/bf5ac1c43c?share=copy Grains: Grain declined on speculation of increased Black Sea exports, despite Ukraine’s drought limiting supply. Soybeans held the 100-day moving average, supported by Argentine crop concerns and meal strength. Market overreacting to peace talks; Black Sea exports remain near 80%…
Further weakness in the grain trade overnight. Will Turnaround-Tuesday arrive? The grain trade is softer this morning, led by wheat after Monday evening’s firm trade. Weakness entered the grain trade as European selling arrived after 1:30 when their market started to open. Soybeans again challenged the 100-day MA and the mid-February low near 1041.2, in…
Wheat again leads overnight losses, with soybeans only having losses of a penny. Grain futures opened softer Sunday night and, after a short period of consolidation, continued to move lower overnight, led by wheat. First notice day for the March contracts is this Friday, along with the USDA’s Annual Outlook Form on Thursday with their…
Cattle On Feed On Feed: 99.3% vs 99.2% estimate Placed: 101.7% vs 102.2% estimate Marketed: 101.4% vs 102.1% estimate The Cattle On Feed report was mostly neutral compared to pre-report expectations. The stock market’s reaction on Monday to Friday’s heavy losses will likely influence next Monday’s opening as well.
Wheat leads overnight recovery after two sessions of losses. This morning’s grain trade is steady firm, with wheat leading the recovery after today’s setback, while soybeans pause from yesterday’s strong recovery gains. Export sales numbers this morning were considered good, with corn sales near 1.5 MMTs and wheat over 500,000 MTs. Soybeans are also reasonable…
Beans Defy Gravity Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1058734747?share=copy Soybeans: Holding strong due to a weaker US dollar and a strengthening Brazilian real.Brazil’s large crop not heavily pressuring US prices; potential Chinese buying supports market.May contract holding above key moving averages suggests further upside potential. Corn: Supported by index fund buying, drought…
Grain prices recover overnight on Pres. Trump comments. Grain futures recovered overnight from Wednesday’s heavy selling, as Pres. Trump indicated a new US/Chinese trade deal could be possible as he was aboard Air Force One late Wednesday. Trump suggested that a deal would head off of ruling a new trade war with China and could…
Due to the Monday holiday, the grain trade looks to do a Turn-around Tuesday on Wednesday. After a firm overnight trade, corn, soybeans, and wheat softened in the morning hours in an almost delayed Turnaround-Tuesday affair on Wednesday. Large index money managers bought commodities yesterday in a risk-on play as equities are overvalued. In contrast,…
Corn Clears $5 Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1057983305/a3e12f9c35?share=copy Cattle: Live cattle pullback nearing completion, resistance at 197 for confirmation.Feeder cattle show early signs of turning up, key support at 259-260.Complex market suggests selling calls and puts over directional trades. Corn: Corn hit $5.02, confirming the predicted first-quarter rally.Further upside expected, with…
