The US dollar is up 2% on a Pres. Trump victory. Grains turned lower last night early as it became apparent that President Trump was on his way to another win. By 8 o’clock, the US dollar was moving sharply higher, gaining almost 2%. This put pressure on energies and metals, along with the grains. The…
WASDE Preview & Grain Outlook Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1026650319/5ef78d717b?share=copy Soybeans: Struggled to stay above $10 but managed to close above this key level.Pressured by global supply factors and recent U.S. elections.Potential upward trend if prices stay above 1008-1009 level. Crop Production and WASDE Report Prep (Nov. 10): Corn yield expected…
Spot soybeans above 10.00 for the third morning in a row. This morning’s grain trade is firmer across the board, with again, for the third morning in a row, November beans trading above $10.00 (despite a potential Trump when, heavy rainfall for the last three weeks in SA, and record US crop expectations). This morning’s…
The World veg oil prices move on to new highs overnight. This morning, grain markets are higher as hedge pressure turns to a minimum, especially with rains on the way throughout the Midwest, but new highs in world vegetable oil markets persist. Malaysian palm oil overnight gapped higher and surged 170 ringgits, settling at $0.52/pound,…
Crude Oil Fining a Bounce Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1025232834/c6db75807d?share=copy Corn & Soybean Harvest: Late-stage harvest, pushing through before upcoming rains.Drought affects 81% of corn crops; conditions compared to 2012 levels.Lower yields observed as harvest progresses; soybeans at 12% moisture upon return. Export Sales: Corn sales up 41% from last year,…
The World veg oils continue to lift soybean oil/soybean values This morning, there was more of the same from yesterday, with soybeans following the veg oil/soybean oil market strength higher while wheat drifted. Wheat prices are contending again with sagging spot Russian cash markets. The Russian cash market is quoted between $230-235/MT, which is down…
The grain trade this morning is the reverse of yesterday’s close. This morning’s grain trade is reversed from yesterday’s closing, with wheat leading the weakness while soybeans were firm on strength in soybean oil. Veg oils overnight gained, with canola, palm oil, and rapeseed all moving higher on follow-through action from yesterday’s strength. Malaysian palm…
Cattle are waving red flags! Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1024485960/12c84f6793?share=copy Cattle FuturesBearish Indicators: Today’s close marked an outside day down, indicating potential trouble ahead.Historical Patterns: Previous major sell-offs began similarly, signaling caution.Market Movements: Live cattle closed near lows, with Tyson’s bids hinting at volatility. SoybeansHarvest Impact: Soybean prices are declining as…
Call it a turn-around Tuesday overnight. Grains bounced overnight after being progressively sold throughout Monday’s session, reaching technically oversold values. Soybeans and soybean meal are becoming oversold with harvest pressure fading. Meanwhile, as of Sunday, the US corn harvest was reported at 81% complete versus 68% a year ago. The US soybean harvest is put…
A sharp break in crude oil overnight weekend grain prices. The reopening of the Sunday night markets had crude oil collapsing, dropping $4.50 overnight, as Israel had hit Iranian targets but did not harm any of the oil infrastructure. This had crude all incomplete premium liquidation, causing a sharply lower opening for soybeans, followed by…
