Post WASDE, Corn Climbs Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1037948799/901d792863?share=copy Corn: USDA lowered corn carryout by 200M bushels, sparking a rally.Exports adjusted up 150M bushels despite global challenges (e.g., Ukraine, Argentina).Rally likely to continue until April, with historical seasonal strength into spring. Soybeans: No major changes in USDA estimates; market remains stable.March…
USDA Report 12/10/24 Report was friendly for corn and wheat. The carryout on corn dropped below 1.8 billion bushels, falling below last years old crop carryout.
The November WASDE report is out at 11:00 CT a.m. today. This morning’s grain trade has soybeans leading any strength after seeing heavy selling yesterday hit after it climbed over 10.00 in the morning. What caused the selling yesterday morning was rumors circulating that Chinese buyers were looking to wash out purchases from the Pacific…
A firm trade this morning with soybeans challenging $10.00. This morning’s grain trade is higher across the board as further short covering and buying interest develops ahead of Tuesday’s WASDE Crop report. This week’s strength has numerous new inputs along with old ones to deal with. From the fall of the Assad regime in Syria…
Spec trade: Exit long March corn at 443.4 GTC. Currently near 440.
The grain trade presses the week’s highs at the end of the week. This morning’s grain trade shows follow-through buying from yesterday’s strong price performance. Soybean oil supports soybeans regarding the strength maintained in Malaysian palm oil. Yesterday morning’s export sales figures put the week’s corn buying activity above what traders expected, with 1.7 million…
Are Grains Ready To Rally? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1036508296/c3c943812a?share=copy Corn: Export sales exceeded expectations at 1.732 MMT.Strong seasonal demand expected through early 2024.Price action suggests a push toward $4.58-$4.59. Soybeans: Strong export sales driven by China, despite bearish South American weather.Potential for prices to challenge $10.20 if resistance breaks.Dry weather…
The grain trade is short covering ahead of some key reports. There is a firmer grain trade today, as short covering arrives ahead of US weekly export sales, Stats Canada’s grain production report this morning, and Friday’s jobs numbers, which will have an effect on the US dollar. Next week is the December WASDE report…
The grain trade is soft after yesterday’s poor close. This morning’s grain trade is softer after yesterday’s poor closing, erasing early morning gains. The US dollar is firmer again this morning, trading above 106, while South American FOB soybean premiums continue to look to be in retreat ahead of their respective large crop. This Friday’s…
Grains Looking For A Rally To Hold Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1035751168/a92e8d90f4?share=copy Soybeans Soybean oil oversold, yet exports remain strong due to competitive pricing.Potential upside hinges on Argentine weather or unexpected export boosts.Risks include bearish patterns signaling potential drop to $920–$880. Corn U.S. corn is the cheapest globally, maintaining export dominance…
