Positive outside market influence helps stabilize grains. The overnight markets reacted positively to Pres. Trump’s comments on Sunday, stating that there are still three weeks to work things out, and he thinks Pres. Xi is an honorable man and will want to work out a deal to avoid a depression in his country. This had…
Peace settlement in the Middle East has oil prices under pressure, pulling ethanol and soybean oil lower. Futures are under pressure this morning, with soybeans leading the decline. The primary driver is escalating trade tension between the United States and China. Starting next Tuesday, the US plans to impose new charges on China-linked vessels, reportedly…
Gold Blew A Gasket Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1125986740 Gold: Blew out early but reversed sharply, forming a key reversal down. Seasonal pattern suggests potential weakness into year-end before a December bottom. Resistance expected around $4,080; likely bounce before further selling. Silver: Touched $50 for the third time in 45 years…
The Russian winter wheat area is likely to be reduced. This morning we have a firm wheat market while soybeans and corn softened a bit. In the outside markets several of them are seeing profit-taking from their massive early week strength in the metals. Today would’ve been the October 9 WASDE Crop Production report but…
Again, the big grain crop is not holding row crop prices down. The grain trade is firmer again this morning after an initially softer night session, as sellers cannot seem to get leverage much anymore. It’s unusual to see U.S. basis values strengthening right in the middle of harvest, when grain stocks are typically flush….
The Gold Buzz Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1125301310 Gold: Strong wave three rally drawing heavy public interest Short-term peak likely before a corrective wave four Seasonal strength could return during the winter holidays Crude Oil: Short-term bounce likely capped near $63 OPEC restraint fails to lift prices amid soft demand Broader…
Big grain crop with active harvesting is not making it to the buyers as cheaply as they would wish. Overnight trade was mixed, with grains finding some selling pressure while soybeans posted slight gains. However, all contracts are firming as the session closed. Fresh market-moving news remains limited, with the bulk of attention centered on…
Grains overcome early Sunday night weakness. Markets are starting the day broadly higher, with strength across the ag sector and energies and sharp gains in the U.S. dollar. Gold is leading headlines with a $60 rally overnight, setting new all-time highs in early trade. Tech stocks are also posting strong gains, fueled by overnight developments…
Corn and beans face an open harvest weekend. A mixed grain trade at the end of the night session, with wheat holding 2-cent gains on Saudi Arabia’s wheat tender. There is now starting to become a shift in market attitude as harvest advances, and more yield data comes in. The only thing consistent with this…
Grains Fly and Cattle Die Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1124017263 Corn Support at 416 418 with resistance near 425 and 434 444 December contract defies bear calls for 350 Demand and basis improvements supportive Soybeans Two day surge above 10.25 on Trump Xi trade optimism Support at 1010 1012 zone Potential…
