The morning grain trade turns lower after early evening strength. The grain trade pushed higher on Thursday evening on follow-through technical buying from the firm closes across exchanges led by wheat on Thursday. Yesterday’s comment from US trade representative nominee Jamison Greer indicated that China’s compliance with the Phase 1 trade deal was going to…
What’s Baking In The Grain Markets? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1054272452/a871f71098?share=copy Grain Trade: Overnight strength in grains reversed early due to China’s WTO threat over tariffs. Wheat rallied 15-16 cents on forecasts of cold weather in Russian winter wheat regions. Market turned higher as Trump’s trade advisor highlighted China’s Phase One…
Soybeans helped prompt an overnight recovery bounce in price. Short covering was a feature in the overnight grain trade, with soybeans leading to the recovery bounce. The news was sparse as for the buying interest, other than index funds, which are now buying breaks. Early Wednesday morning, corn, soybeans, and wheat again saw new highs…
New highs were scored again overnight before the morning drift. Yesterday was another day of strength on the back of rumored potential purchases of US corn and soybeans by China. Thoughts that we could begin to see moves to revive Phase One as part of the negotiations between Trump and Xi will keep traders monitoring…
Soybeans Make A New Calendar High Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1053517231/b4437cd054?share=copy Cattle Trade: Sharp initial decline followed by a moderate rebound at the close. Wave analysis suggests a potential bull market correction. Support at 198 range, possible bounce targets around 201.5 to 204. Grain Trade (Soybeans and Corn): Soybeans reached January…
Soybean oil and wheat lead overnight weakness for Turn-around Tuesday. This morning’s grain trade is mostly softer as soybean oil fell the sharp losses overnight on the Canadian canola oil that will continue to flow to the US without a tariff for the next 30 days. That put pressure on soybeans, while China did follow…
Overnight grain trade mitigates losses from tariff application over the weekend. The grain trade opened lower overnight on the implementation of the trade tariffs against Mexico, Canada and China. Losses were less than anticipated, especially for soybeans, when considering the improving weather in Argentina. The trade improved overnight alongside outside markets like energies and metals,…
Cattle Inventory Report 1/31/25 Total US Cattle Inventory: 99% vs 99.1% estimate Total Calf Crop: 99% vs 98.5% estimate Report came in neutral to expectations.
Friday grain markets are sharply lower as tariffs loom. As the threatened 25% tariff on Mexico and Canada could be in place as early as Saturday the grain markets are retreating into the weekend as each country is not doing their share with trade imbalances and illegal immigrants. Mexico has been the worlds and US’s…
Cattle & Beans Are In Trouble Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1052009357/867d3ca1af?share=copy Soybeans: Prices fell after hitting the 200-day moving average.Buenos Aires region expected to receive rain after persistent drought.Multiple closes below $10.33 could trigger further decline into spring. Wheat: Prices rose as Russia faces warm weather, insufficient snow cover, and crop…
