Chinese Corn Prices Haven’t Broken Yet Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1157344378 Weather and Outlook:Dryness more concerning than cold for wheatNatural gas rally highlights unreliable weather modelsLa Niña fading, neutral possible, El Niño uncertain timingSummer heat and dryness could support corn Corn:Strong support near 420 levelRising lows despite large suppliesChina price premium…
Another night session that grains love to rally in. Will the seller vigilantes prevail again in the day session. Grain futures produced another plus side night session, which again will have to tend to the day session seller vigilantes. Strength came overnight as Pres. Trump and his call for 10% tariffs on Europe starting February…
Grains continue to recover from WASDE and potential EU sanctions. This morning’s trade sees a recovery rally and also exceeds yesterday’s highs in some areas. Yesterday, the grain markets absorbed a pretty negative impact from a new story with the President. Trump announced a tariff on eight EU countries starting February 1, and if they…
The Bears Just Don’t See It Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1156628357 Corn:Exports exceeded expectationsBasis behavior will reveal true supplyChina demand remains the key upside riskMarket holding above major technical lows Soybeans:Double bottom forming near year lows200 day moving average remains pivotalSoybean oil correction could pressure beansMeal strength needed to sustain rallies…
Grains slip slightly amid chatter about new tariffs on Europe. Corn, soybeans, and wheat are all starting the week under pressure as managed money shifts heavily into outside markets, particularly the metals. Gold has jumped more than $130, and silver is up over $6 in early trade as safe haven buying ramps up amid heightened…
Grains attempt another overnight rally. Will they retain the strength in the day session? Futures are posting gains in overnight trade as light buying persists across the board. While fresh headlines are sparse, the market is still digesting a busy week of data. Export demand for U.S. corn and soybeans remains impressive, and traders are…
Soybean Oil Flies Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1154808884 Soybeans Bean oil surged on EPA RVO rumors pointing to higher biodiesel mandatesRIN concessions via used cooking oil imports capped enthusiasm but still supportiveBrazil cut soybean acreage, trimming production by one million metric tonsArgentina faces developing heat and drying risks into late January…
Grains try another overnight recovery rally. Corn, soybeans, and wheat pushed higher overnight as the market continued to recover from Monday’s bearish USDA report. While traders are moving on from the data dump, skepticism lingers, especially over the USDA’s acreage revisions, which many in the trade still view as questionable. With that now behind us,…
Overnight grain trade finds end-user buying interest. Metals and energies remain explosive. The grain trade is working higher in the overnight session, as markets begin to recover from Monday’s USDA report. After an initial wave of selling, some bargain hunting is beginning to appear. (there is an old axiom, that when Turn-around Tuesday does not…
WASDE Fallout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1154091689 Corn:USDA surprised with a 17 billion bushel crop and carryout near 2.2 billionPrices testing critical 410 support on MarchBelow 410 risks deeper technical damageConsolidation likely until February USDA outlook forumSecond quarter weather and South American risk remain key Soybeans:March beans testing 1031 to 1038…
