A mixed grain trade after a strong overnight showing greets the morning session. Grain Overview Grain futures are mixed this morning, with soybeans still showing strong gains. Overnight prices pressed higher across the board on follow-through buying from yesterday’s strong performance, but stalled during the classic 4:00 a.m. CT window when the Matif in Paris opens…
Grains Show Some Backbone Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1227107586/7a74438619 🌾 Daily Market RecapGrains shook off a rough start Tuesday, led by a strong soybean recovery.U.S.-China tariff talks helped beans overcome several bearish headlines.Corn held key support, while wheat defended important technical levels.Crude oil also surged as global supplies remain tight. 🌱…
Spec trade: Buy a November bean at the MKT, 1309.4 last with a 1296 stop. China lifting bean tariffs.
Grain prices slump on hedge pressure, with no new headline excitement. Grain Overview Corn, soybeans, and wheat all saw pressure in overnight trade as a lack of bullish news following the September WASDE report is limiting buying interest. The weekly crop report showed the US harvest is advancing, and new-crop inventory is becoming available. The ag…
Grains consolidate overnight from Friday’s volatile session. Grain Overview A minor wild and woolly night as grains opened higher, immediately reversed lower, then found the trade trend reversing around unchanged numerous times. This means the trade has turned consolidative after Friday’s September WASDE report. While several changes were noted to balance sheets, almost all were within…
USDA Crop Report Corn is friendly to prereport estimates. Old crop was reduced a bit more than expected, along with the relief that yield came in lower. Soybeans were slightly negative, as new crop carryout stayed above 300, while wheat was left unchanged from last month.
It’s crop report day today, and USDA numbers will be under review. Grain Overview A weak grain trade greets the morning of the September WASDE/Crop Production report, as crude oil and diesel fuel give back half of their sharp gains yesterday, with the grain trade also in full retreat from yesterday’s strength. November soybeans pushed through…
What Could WASDE Trigger? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1225749097/5683648ea7 📊 WASDE PreviewTomorrow’s report could be the trigger for the next move in grains.Corn yield expectations average near 178.4 bushels, with every major estimate below last month.Soybean yield is expected near 52.5 bushels, also slightly below last month. 🌽 CornYield will get…
Overnight grain trade finds renewed optimism. Grain Overview The grain trade is seeing a recovery overnight ahead of Friday’s WASDE/Crop Production report after corn has seen a decline for five sessions in a row. After hitting the measured move theory number of 548.6 on Dec corn, a profit-taking cleanse has run its course alongside soybeans, which…
Spec trade: Buy a November bean at the MKT, 1308 last with 1299 stop. We’re aiming for 1320-1325
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