Here Comes WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1018437165/d7a91b7972?share=copy Corn Yield Estimates: Projected at 153.2 bushels/acre.Varied with reports of high yields in core regions (Iowa, Illinois) contrasting with shortages in fringe states.Dryness affecting pod and cob development, potentially reducing yields. Soybean Yield Dynamics: Expected around 53 bushels/acre, subject to variability.Dry conditions impacting…
Argentine wheat crop lowered. The grain trade overnight was mainly firm, led by the wheat trade, as dry conditions remained for Western Russia and the Western plains in the US. The weather premium is being added via French milling wheat, which picked up $3/MT overnight. Russian 12.5%/wheat is at $, with 232/MT up $1/MT today….
October 9, 2024 http://www.heartlandinvest.com 701-222-0221 or 1-800-359-0221 Tap an Icon to Listen What I’ve Learned “The harder you work,the harder it is to surrender.” Vince Lombardi Commentary Today’s grain trade ended that a lot different than how it was anticipated to start Sunday night. Soybeans could of crumbled in the night session Sunday on the…
Grains bounce from Tuesday’s heavy selling. This morning’s grain trade is firmer, with wheat leading the advance. Russian FOB wheat is firm at $233/MT FOB, up $15 in the last month. It appears Russia is fully sold off for October, and only limited supplies are still available for November as sellers are starting to hold…
Crop Report Preview… Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1017686830/8b430970ae?share=copy Grain Market Trends:Initial rally followed by a stumble, influenced by China’s economic policy stance.Soybeans, corn, and wheat opened strong but fell sharply after morning hours.Rain in South America affects market sentiment, despite increased sales last week. USDA Crop Report Expectations: Focus on new…
Grains are lower due to the lack of further Chinese stimulus. This morning’s grain trade is lower across the board, as overnight strength faded after China did not offer another round of aggressive economic stimulus following the return from Golden Week Holiday. China’s head of the National Development and Reform Commission provided few details on…
Grains lower overnight from the Brazilian rain forecast but not sharply lower. The overnight grain trade opened lower as anticipated, but after the initial hour, a bid arrived in corn, soybeans, and wheat, and prices improved modestly throughout the night, leaving small losses in corn and soybeans while the wheat trade had turned mixed. The…
European Commission may delay the implementation of EUDR. This morning’s grain trade is broadly mixed. Corn and wheat are higher, while soybeans sink on news that the European Commission might delay its implementation of EUDR by 12 months (prohibiting buying from areas utilizing the four station practices) and improving prospects of rain for Brazil in…
Post-crop report action is mixed this morning. This morning’s grain trade is mixed with wheat firmer while row crops soften post stocks data from Monday. Wheat is firming as Russian FOB wheat rallies have risen to $222/MT for November, helping support the wheat trade, which still carries premiums to Russian values. Meanwhile, soybeans softened on…
USDA Report 9/30/24 Data was friendly for corn and soybeans on the pre-report estimates, slightly negative for wheat.
