The US dollar strengthens to 109 overnight. This morning’s grain trade is softer, led by the wheat trade, as the US dollar surges back to 109.00. Rumors have leaked that Pres. Trump will enact a National Economic Emergency Tariff to apply to specific countries, which caused the Chinese Yaun to fall overnight. Soybean oil was…
Corn Maintains Strength Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1044794392/094cfd648f?share=copy Grain Trade: Corn closed higher, suggesting strength ahead of Friday’s USDA report.Soybeans rallied despite overnight pressure; weather in Argentina adds bullish potential.WASDE estimates hint at yield reductions for corn (182-183 bpa) and soybeans (~51.6 bpa). Cattle Market: Cattle prices hit new contract highs,…
Grain futures recovered sharply overnight from last Friday’s break to start the week on SA weather. The overnight grain trade opened higher and continued higher throughout the night session regarding Argentina and Southern Brazil weather. We are starting to see some genuine concern develop over too much dryness, with heat building in parts of Argentina…
Corn prices lead weakness on large fund ownership. This morning’s grain trade is mixed. The hard wheat contracts offer a penny gain, while corn and soybeans softened overnight. The commitment of Traders report on Monday showed a large jump in spec fund ownership (the largest since 2022), prompting profit-taking despite positive trends. Soybeans pushed lower…
Argentina On The Radar Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043507296/f5cc367fdc?share=copy Grain Markets: Corn traded near $4.60, holding above the 200-day moving average.Soybeans rebounded above $10.10 despite early struggles, supported by Argentina’s ongoing dryness.Wheat remains a laggard, with domestic challenges offsetting gains in global milling wheat prices. Cattle Markets: Live cattle rallied toward…
A firm start is anticipated for the first trading day of the new year. The first trading day of 2025 indicates a firmer start. French milling wheat gained at $1.50/MT overnight, prompting calls of 1-2 cents higher for corn and wheat, while soybeans are indicated 2-4 cents higher on the continued dry forecast for Argentina….
Trouble With South American Weather Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1043170861/64d922b285?share=copy Soybeans:Brazil’s heavy rains delay soybean harvest and Safrinha corn planting.Argentina remains dry, creating concerns over soybean meal availability.Soybean prices rally, supported by end-user buying and index fund shorts. Corn:Brazil’s Safrinha corn planting delayed in Mato Grosso due to rain.U.S. corn remains key supply…
Happy New Year’s Eve! The last trading day of 2024 is greeted with another overnight rally. Corn is recovering from yesterday’s selling, coming within pennies of the high that brought about another swift bout of farmer selling that is being absorbed ahead of the end of the tax year. Soybean futures are higher, led again…
Overnight weather forecast for Argentina return concerning. Grain futures are higher this morning, with soybeans leading the advance after a soft overnight performance. Light showers occurred over southern Argentina overnight, producing some light rains, but the forecasts for Argentina continue to show near to below-normal rainfall over the next week. Temperatures rise into the 90s…
Corn set for the highest weekly close since mid-June. This morning’s grain trade is mixed, consolidating recent gains on a Friday settlement. If corn can close over 450, this will be the highest spot weekly close since June. Export sales numbers out this morning were considered strong, with soybeans just under 1 MMT and corn…
