Will Russia and Ukraine Get Worse Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1031290416/1724536917?share=copy CornPrice Resistance: December corn faces resistance at $4.30, with likely buying interest around $4.25-4.26.Technical Support: March corn encounters 64-day moving average resistance, with support a penny or two below current close.Seasonal Patterns: Exports typically support corn prices through April; U.S….
Again wheat prices lead overnight grain strength. Light grain strength overnight continued for wheat as Black Sea war tensions expanded. Overnight news surfaced indicating that Ukraine launched its first Western made long-range missiles into Russia that hit an ammunition dump. News that the Biden administration has approved the use of Western-made long-range weapons on Russian…
A mixed trade to start this week’s activity. This morning’s grain trade is mixed with soybeans lower, led by a retreat in Malaysian Palm oil pricing, with wheat firmer as tensions rise in the Black Sea region with Russia launching attacks into Ukraine with its largest drone and missile attacks on their electrical grid. 120…
Soybean oil leads overnight recovery trade. This morning’s grain trade offers a bounce, led by soybean oil, as world oil values recover from a week’s worth of selling. Obviously, the sentiment remains negative towards grains as traders point to Trump’s threat of blanket tariffs and excellent growing conditions in South America as reasons to be…
US Dollar Dominates Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1029792364/dfe87124b9?share=copy US Dollar Impact Surge in Value: Reached 106.99, near last year’s high, impacting commodity prices negatively.Historical Trend: October often marks market inflection points; potential for current dollar peak.Commodity Impact: Strong dollar challenges gold, soybeans, and other commodities, stalling rallies. SoybeansBearish Momentum: Falling below…
The US dollar overnight tags 106.99, tagging the November 1, 2023 high of 106.99. A lower grain trade this morning except for soybean oil recovering. Overnight US dollar rose to a one year high at 106.99, driven by thoughts we will see growth but also inflationary pressure when looking at the economic policies we are…
Wheat futures lead overnight weakness. This morning’s grain trade is softer led again by wheat, as French milling wheat breaks to new three-week lows, but still well above its August low. Russia continues to reach for market share even though supplies will dwindle at the year’s end. Much of the pressure seen yesterday in soybeans…
Trump Traders At It Again Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1028983558/87bdbd0106?share=copy Corn November crop production data reduced corn yield estimates from August projections.Corn saw a minor pullback after recent gains, indicating possible stability.Technical indicators suggest upward momentum, especially with wave dynamics at play.Watch for potential ethanol news influencing corn’s trend. Soybeans Soybeans…
Spec trade: Buy a December corn at 425.2 GTC with a 417.4 stop.
Spec trade: Buy Two December Micro-Gold at the market, 2606 last with a 2548 stop. See chart below.
